Daniel Giesecke Sells 20,201 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) COO Daniel Giesecke sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the sale, the chief operating officer directly owned 175,855 shares in the company, valued at $6,562,908.60. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Price Performance

KN traded down $0.65 on Friday, reaching $37.32. The company had a trading volume of 493,027 shares, compared to its average volume of 769,273. The business has a 50 day simple moving average of $30.64 and a 200 day simple moving average of $26.35. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 58.31 and a beta of 1.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. Knowles Corporation has a 52-week low of $16.11 and a 52-week high of $38.56.

Knowles (NYSE:KN) last announced its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $153.10 million for the quarter, compared to the consensus estimate of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. Knowles’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. As a group, sell-side analysts anticipate that Knowles Corporation will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on KN. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research note on Friday, May 22nd. Robert W. Baird lifted their price target on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Craig Hallum reissued a “buy” rating and set a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Knowles presently has an average rating of “Moderate Buy” and an average target price of $33.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Millstone Evans Group LLC increased its stake in shares of Knowles by 212.9% in the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 662 shares during the period. Osaic Holdings Inc. increased its stake in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 895 shares during the period. McMillan Office Inc. purchased a new position in shares of Knowles in the fourth quarter worth $39,000. Torren Management LLC bought a new stake in Knowles in the fourth quarter valued at $43,000. Finally, Meeder Asset Management Inc. bought a new stake in Knowles in the first quarter valued at $51,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Knowles Company Profile

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.