Knowles Co. (NYSE:KN - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.67 and last traded at $20.65, with a volume of 22741 shares. The stock had previously closed at $20.27.
Analyst Ratings Changes
Several brokerages have recently commented on KN. Craig Hallum upgraded shares of Knowles to a "strong-buy" rating in a report on Wednesday, October 16th. Susquehanna reduced their price objective on shares of Knowles from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, StockNews.com downgraded Knowles from a "buy" rating to a "hold" rating in a research note on Saturday, October 26th.
Check Out Our Latest Research Report on KN
Knowles Stock Up 0.8 %
The company has a market capitalization of $1.80 billion, a PE ratio of -8.73 and a beta of 1.43. The stock's fifty day moving average is $19.16 and its two-hundred day moving average is $18.17. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23.
Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The firm had revenue of $142.50 million for the quarter, compared to analysts' expectations of $140.97 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company's quarterly revenue was up 31.8% on a year-over-year basis.
Insider Activity
In other Knowles news, CEO Jeffrey Niew sold 157,699 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total transaction of $2,993,127.02. Following the sale, the chief executive officer now owns 820,698 shares in the company, valued at $15,576,848.04. This represents a 16.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert J. Perna sold 21,080 shares of Knowles stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.56, for a total value of $370,164.80. Following the completion of the transaction, the senior vice president now owns 66,063 shares of the company's stock, valued at approximately $1,160,066.28. This trade represents a 24.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,541 shares of company stock valued at $3,436,500 in the last 90 days. Insiders own 2.65% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in KN. Pacer Advisors Inc. boosted its position in shares of Knowles by 54,279.3% in the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider's stock valued at $47,268,000 after acquiring an additional 2,616,805 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Knowles in the 2nd quarter worth approximately $78,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Knowles by 33.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,411 shares of the communications equipment provider's stock valued at $249,000 after purchasing an additional 3,600 shares during the period. AQR Capital Management LLC grew its position in shares of Knowles by 222.3% during the 2nd quarter. AQR Capital Management LLC now owns 82,387 shares of the communications equipment provider's stock valued at $1,422,000 after purchasing an additional 56,825 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Knowles by 3.7% in the third quarter. Raymond James & Associates now owns 196,056 shares of the communications equipment provider's stock worth $3,535,000 after purchasing an additional 7,059 shares during the period. Institutional investors own 96.35% of the company's stock.
About Knowles
(
Get Free Report)
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).
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