Knowles Co. (NYSE:KN) Director Sells $217,490.91 in Stock

Knowles Co. (NYSE:KN) Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction dated 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 directly owns 48,933 shares in the company, valued at approximately $846,051.57. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Knowles Price Performance

Shares of KN stock opened at $17.85 on Friday. The business’s fifty day moving average is $17.67 and its 200 day moving average is $17.08. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 20.28 and a beta of 1.42. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $19.73.

Knowles (NYSE:KN) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million during the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Wall Street Analyst Weigh In

Separately, Susquehanna raised their price objective on shares of Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th.

Institutional Investors Weigh In On Knowles

A number of hedge funds and other institutional investors have recently bought and sold shares of KN. Hsbc Holdings PLC grew its stake in shares of Knowles by 4.8% in the 2nd quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock worth $248,000 after buying an additional 661 shares during the last quarter. CWM LLC boosted its holdings in Knowles by 38.0% in the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 836 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Knowles by 4.5% in the first quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock worth $360,000 after acquiring an additional 973 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Knowles by 6.1% in the first quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock worth $288,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Knowles by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock valued at $780,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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).