Knowles Co. (NYSE:KN) Director Sells $217,490.91 in Stock

Knowles Co. (NYSE:KN) Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares in the company, valued at approximately $846,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Knowles Stock Up 0.6 %

Shares of NYSE KN opened at $17.85 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 20.28 and a beta of 1.42. Knowles Co. has a one year low of $12.78 and a one year high of $19.73. The firm’s 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $17.08. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.30.

Knowles (NYSE:KN) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.16). The business had revenue of $204.70 million for the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its stake in shares of Knowles by 4.8% during the second quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock valued at $248,000 after acquiring an additional 661 shares during the last quarter. CWM LLC raised its position in Knowles by 38.0% during the 2nd quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 836 shares during the last quarter. Inspire Investing LLC raised its position in Knowles by 4.5% during the 1st quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock valued at $360,000 after purchasing an additional 973 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Knowles by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock worth $288,000 after buying an additional 1,028 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Knowles by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock worth $780,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Susquehanna upped their price objective on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).