Knowles (NYSE:KN) Director Sells $259,888.86 in Stock

Knowles Corporation (NYSE:KN) Director Cheryl Shavers sold 6,618 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following the sale, the director owned 35,723 shares in the company, valued at $1,402,842.21. This represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Trading Down 2.0%

KN opened at $34.08 on Friday. The firm has a market cap of $2.91 billion, a P/E ratio of 44.26 and a beta of 1.60. Knowles Corporation has a 12 month low of $20.10 and a 12 month high of $42.93. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $38.08 and a 200 day moving average of $32.82.

Knowles (NYSE:KN) last released its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to the consensus estimate of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, research analysts forecast that Knowles Corporation will post 1.02 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KN. Wall Street Zen cut Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Craig Hallum reiterated a “buy” rating and issued a $38.00 target price on shares of Knowles in a report on Friday, April 24th. Robert W. Baird set a $44.00 price target on Knowles in a research report on Friday, July 24th. Susquehanna increased their price target on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $40.67.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Millstone Evans Group LLC boosted its holdings in Knowles by 212.9% in the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 662 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Knowles by 94.5% during the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 895 shares in the last quarter. McMillan Office Inc. purchased a new position in shares of Knowles in the 4th quarter valued at approximately $39,000. Torren Management LLC purchased a new position in shares of Knowles in the 4th quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Knowles by 35.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock worth $48,000 after purchasing an additional 304 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

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.