Knowles (KN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Knowles (NYSE:KN) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,098,115 shares of the communications equipment provider’s stock after selling 15,524 shares during the period. Bank of New York Mellon Corp’s holdings in Knowles were worth $16,098,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KN. Nationwide Fund Advisors lifted its holdings in shares of Knowles by 16.0% during the third quarter. Nationwide Fund Advisors now owns 253,685 shares of the communications equipment provider’s stock valued at $3,874,000 after purchasing an additional 35,012 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Knowles during the third quarter valued at approximately $364,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Knowles by 55.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,736 shares of the communications equipment provider’s stock valued at $286,000 after purchasing an additional 6,717 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Knowles by 1.6% during the third quarter. Ameriprise Financial Inc. now owns 252,445 shares of the communications equipment provider’s stock valued at $3,855,000 after purchasing an additional 4,020 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Knowles by 2.9% during the third quarter. American International Group Inc. now owns 242,044 shares of the communications equipment provider’s stock valued at $3,696,000 after purchasing an additional 6,830 shares during the last quarter.

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Shares of Knowles (NYSE:KN) opened at $12.52 on Monday. The firm has a market cap of $1,120.44, a P/E ratio of 16.92, a P/E/G ratio of 1.68 and a beta of 0.79. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Knowles has a 1 year low of $12.52 and a 1 year high of $19.90.

Knowles (NYSE:KN) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. research analysts forecast that Knowles will post 0.75 EPS for the current fiscal year.

In related news, Director Didier Hirsch bought 3,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $14.45 per share, with a total value of $43,350.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 8,009 shares of company stock valued at $114,693. 2.20% of the stock is currently owned by insiders.

Several brokerages recently weighed in on KN. Craig Hallum reissued a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Lake Street Capital reduced their price target on shares of Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Zacks Investment Research downgraded shares of Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, Piper Jaffray Companies began coverage on shares of Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Knowles has an average rating of “Hold” and a consensus price target of $18.08.

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Knowles 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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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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