Raymond James Financial Inc. Makes New Investment in Kimball Electronics, Inc. (NASDAQ:KE)

Raymond James Financial Inc. acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,184 shares of the electronics maker's stock, valued at approximately $397,000. Raymond James Financial Inc. owned 0.09% of Kimball Electronics as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KE. Victory Capital Management Inc. boosted its position in shares of Kimball Electronics by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker's stock worth $1,212,000 after acquiring an additional 1,555 shares during the last quarter. Cardinal Capital Management boosted its holdings in shares of Kimball Electronics by 2.7% during the 4th quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker's stock valued at $1,728,000 after purchasing an additional 2,459 shares during the last quarter. Grace & White Inc. NY boosted its holdings in shares of Kimball Electronics by 5.5% during the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after purchasing an additional 14,100 shares during the last quarter. Empowered Funds LLC grew its position in shares of Kimball Electronics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker's stock valued at $1,533,000 after purchasing an additional 3,939 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Kimball Electronics by 17.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker's stock worth $543,000 after purchasing an additional 4,329 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

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Kimball Electronics Trading Up 0.5 %

KE traded up $0.07 on Friday, hitting $13.54. The company had a trading volume of 144,742 shares, compared to its average volume of 120,446. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The business's fifty day simple moving average is $16.44 and its 200 day simple moving average is $17.94. The company has a market cap of $332.47 million, a PE ratio of 42.31 and a beta of 1.18.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KE. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital cut their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.