1,444,942 Shares in Knowles Co. (NYSE:KN) Bought by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Knowles Co. (NYSE:KN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,444,942 shares of the communications equipment provider's stock, valued at approximately $28,798,000. Barrow Hanley Mewhinney & Strauss LLC owned about 1.64% of Knowles as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 669 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in Knowles by 4.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider's stock worth $324,000 after buying an additional 748 shares during the period. Blue Trust Inc. lifted its stake in Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after buying an additional 1,449 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Knowles by 2.2% in the third quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock valued at $1,194,000 after acquiring an additional 1,452 shares during the period. Finally, Virtus Investment Advisers Inc. grew its position in shares of Knowles by 11.0% during the third quarter. Virtus Investment Advisers Inc. now owns 18,100 shares of the communications equipment provider's stock worth $326,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

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Analysts Set New Price Targets

KN has been the subject of a number of recent research reports. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Craig Hallum cut shares of Knowles from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a report on Friday, February 14th.

Knowles Stock Performance

Shares of Knowles stock traded down $0.73 during trading hours on Friday, hitting $12.74. 1,117,559 shares of the company were exchanged, compared to its average volume of 645,628. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $16.96 and a 200-day moving average of $18.17. Knowles Co. has a 1 year low of $12.24 and a 1 year high of $20.86. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.81 and a beta of 1.42.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The firm had revenue of $142.50 million for the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

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).