Knowles Co. (NYSE:KN) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Knowles Co. (NYSE:KN - Free Report) by 33.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,392,668 shares of the communications equipment provider's stock after purchasing an additional 594,484 shares during the quarter. Wellington Management Group LLP owned approximately 2.72% of Knowles worth $43,140,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KN. Quest Partners LLC acquired a new stake in Knowles during the second quarter worth approximately $30,000. Blue Trust Inc. boosted its position in Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider's stock worth $35,000 after acquiring an additional 1,069 shares during the last quarter. Quarry LP acquired a new stake in Knowles during the second quarter worth approximately $39,000. GAMMA Investing LLC boosted its position in Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider's stock worth $44,000 after acquiring an additional 668 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Knowles during the second quarter worth approximately $46,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Craig Hallum upgraded shares of Knowles to a "strong-buy" rating in a report on Wednesday, October 16th. Susquehanna decreased their price target on shares of Knowles from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Knowles from a "buy" rating to a "hold" rating in a report on Saturday, October 26th.

Insider Activity

In related news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now owns 48,933 shares of the company's stock, valued at $846,051.57. The trade was a 20.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Niew sold 157,699 shares of Knowles 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 directly owns 820,698 shares in the company, valued at $15,576,848.04. This trade represents a 16.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,845 shares of company stock valued at $3,774,234. Company insiders own 2.65% of the company's stock.

Knowles Trading Up 1.7 %

Shares of KN stock traded up $0.33 during mid-day trading on Thursday, reaching $19.96. The company's stock had a trading volume of 173,220 shares, compared to its average volume of 570,761. The company's 50 day simple moving average is $18.36 and its 200-day simple moving average is $17.88. Knowles Co. has a 12-month low of $14.97 and a 12-month high of $20.26. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.76 billion, a PE ratio of -8.40 and a beta of 1.44.

Knowles (NYSE:KN - Get Free Report) last issued its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 EPS 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 business had revenue of $142.50 million for the quarter, compared to the consensus estimate of $140.97 million. During the same quarter last year, the firm posted $0.25 EPS. The business's revenue for the quarter was up 31.8% compared to the same quarter last year.

Knowles Company Profile

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).