Jennison Associates LLC Acquires Shares of 52,101 Knowles Corporation $KN

Jennison Associates LLC bought a new position in Knowles Corporation (NYSE:KN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 52,101 shares of the communications equipment provider’s stock, valued at approximately $1,117,000.

A number of other institutional investors also recently modified their holdings of KN. Franklin Resources Inc. increased its stake in shares of Knowles by 10.5% in the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock worth $119,072,000 after acquiring an additional 484,500 shares during the last quarter. Cramer Rosenthal Mcglynn LLC boosted its position in Knowles by 5.6% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,421,713 shares of the communications equipment provider’s stock valued at $33,140,000 after purchasing an additional 75,367 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock valued at $32,502,000 after purchasing an additional 1,094,715 shares in the last quarter. Raymond James Financial Inc. grew its stake in Knowles by 52.8% in the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after purchasing an additional 470,100 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Knowles by 95.9% in the 3rd quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock worth $22,340,000 after purchasing an additional 469,286 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insiders Place Their Bets

In related news, COO Daniel J. Giesecke sold 15,885 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $27.22, for a total value of $432,389.70. Following the completion of the sale, the chief operating officer directly owned 164,963 shares in the company, valued at approximately $4,490,292.86. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Barnes sold 41,048 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $27.16, for a total value of $1,114,863.68. The SEC filing for this sale provides additional information. Insiders sold 208,742 shares of company stock worth $5,617,539 in the last three months. 2.24% of the stock is owned by insiders.

Knowles Trading Down 0.1%

Shares of NYSE:KN opened at $31.62 on Monday. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.71 billion, a PE ratio of 49.41 and a beta of 1.56. Knowles Corporation has a 1 year low of $15.85 and a 1 year high of $31.95. The firm has a fifty day moving average price of $27.25 and a 200 day moving average price of $24.80.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The company had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Analysts expect that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

KN has been the subject of a number of recent research reports. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Zacks Research upgraded Knowles from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Robert W. Baird raised their price objective on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.33.

Knowles Company Profile

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.