Federated Investors Inc. PA cut its position in shares of Knowles Corp (NYSE:KN) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,560 shares of the company’s stock after selling 394 shares during the period. Federated Investors Inc. PA owned 0.05% of Knowles Corp worth $795,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in KN. Royal Bank of Canada boosted its stake in Knowles Corp by 2.2% in the second quarter. Royal Bank of Canada now owns 294,903 shares of the company’s stock worth $4,033,000 after buying an additional 6,242 shares during the period. Eqis Capital Management Inc. boosted its stake in Knowles Corp by 2.6% in the third quarter. Eqis Capital Management Inc. now owns 17,812 shares of the company’s stock worth $250,000 after buying an additional 459 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Knowles Corp by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 30,071 shares of the company’s stock worth $422,000 after buying an additional 610 shares during the period. Raymond James Trust N.A. boosted its stake in Knowles Corp by 3.6% in the third quarter. Raymond James Trust N.A. now owns 14,414 shares of the company’s stock worth $203,000 after buying an additional 504 shares during the period. Finally, Creative Planning boosted its stake in Knowles Corp by 0.6% in the third quarter. Creative Planning now owns 97,418 shares of the company’s stock worth $1,369,000 after buying an additional 568 shares during the period.
Knowles Corp (NYSE:KN) opened at 19.22 on Tuesday. The stock’s market capitalization is $1.71 billion. The stock has a 50 day moving average price of $18.67 and a 200 day moving average price of $16.31. Knowles Corp has a 52 week low of $12.06 and a 52 week high of $19.82.
Knowles Corp (NYSE:KN) last posted its quarterly earnings data on Monday, February 6th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Knowles Corp had a negative net margin of 4.92% and a positive return on equity of 6.44%. The company had revenue of $240.60 million for the quarter, compared to analyst estimates of $235.14 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Knowles Corp will post $1.04 EPS for the current year.
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A number of equities research analysts have commented on KN shares. Zacks Investment Research cut Knowles Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Susquehanna Bancshares Inc upgraded Knowles Corp from a “negative” rating to a “neutral” rating and increased their price target for the company from $14.00 to $16.00 in a research note on Thursday, January 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $17.38.
In other news, CEO Jeffrey Niew sold 3,217 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $18.34, for a total value of $58,999.78. Following the sale, the chief executive officer now directly owns 362,946 shares of the company’s stock, valued at approximately $6,656,429.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas G. Jackson sold 21,277 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $19.30, for a total transaction of $410,646.10. Following the completion of the sale, the vice president now directly owns 62,394 shares in the company, valued at $1,204,204.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,084 shares of company stock worth $919,942. Insiders own 1.49% of the company’s stock.
Knowles Corp Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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