Knowles Corporation $KN Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in Knowles Corporation (NYSE:KN) by 10.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 672,937 shares of the communications equipment provider’s stock after selling 81,698 shares during the period. Wellington Management Group LLP’s holdings in Knowles were worth $27,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Knowles by 35.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after purchasing an additional 304 shares during the period. Y Intercept Hong Kong Ltd raised its position in Knowles by 0.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 76,098 shares of the communications equipment provider’s stock worth $1,954,000 after buying an additional 463 shares during the last quarter. ProShare Advisors LLC lifted its stake in Knowles by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after acquiring an additional 504 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Knowles by 5.3% in the 1st quarter. Pacer Advisors Inc. now owns 12,137 shares of the communications equipment provider’s stock valued at $312,000 after acquiring an additional 609 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Knowles by 1.2% during the fourth quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock worth $1,136,000 after purchasing an additional 638 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Knowles news, Director Cheryl L. Shavers sold 6,618 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $39.27, for a total transaction of $259,888.86. Following the completion of the sale, the director directly owned 35,723 shares in the company, valued at approximately $1,402,842.21. The trade was a 15.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.28, for a total value of $224,137.84. Following the transaction, the senior vice president directly owned 127,945 shares of the company’s stock, valued at $4,641,844.60. The trade was a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.24% of the company’s stock.

Knowles Stock Up 2.0%

Shares of KN opened at $35.44 on Friday. The firm has a market cap of $3.03 billion, a P/E ratio of 46.03 and a beta of 1.59. Knowles Corporation has a 12 month low of $20.57 and a 12 month high of $42.93. The stock’s 50 day moving average is $36.64 and its two-hundred day moving average is $33.40. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The business had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. During the same period in the prior year, the company posted $0.24 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Analysts predict that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. 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. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Weiss Ratings lowered Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Robert W. Baird set a $44.00 target price on shares of Knowles in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Knowles has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Knowles 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.