Insider Buying: Knowles Corp (KN) Insider Buys $14,914.56 in Stock

Knowles Corp (NYSE:KN) insider Michael S. Polacek purchased 971 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was acquired at an average price of $15.36 per share, for a total transaction of $14,914.56. Following the completion of the purchase, the insider now directly owns 69,538 shares of the company’s stock, valued at approximately $1,068,103.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE KN opened at $14.54 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. Knowles Corp has a 52 week low of $10.94 and a 52 week high of $18.32. The stock has a market capitalization of $1.31 billion, a PE ratio of 20.77, a P/E/G ratio of 2.08 and a beta of 0.90.

Knowles (NYSE:KN) last announced its earnings results on Wednesday, October 24th. The communications equipment provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. Knowles had a return on equity of 6.40% and a net margin of 8.99%. The firm had revenue of $236.20 million during the quarter, compared to analysts’ expectations of $219.73 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts predict that Knowles Corp will post 0.7 EPS for the current fiscal year.

A number of research analysts have recently commented on KN shares. Roth Capital dropped their target price on shares of Knowles from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, October 22nd. ValuEngine raised shares of Knowles from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Robert W. Baird reissued a “buy” rating and issued a $18.00 price target on shares of Knowles in a research report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Knowles currently has an average rating of “Hold” and an average target price of $17.14.

A number of hedge funds have recently made changes to their positions in KN. UBS Group AG grew its stake in Knowles by 112.3% during the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 7,733 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Knowles by 2.8% in the first quarter. Principal Financial Group Inc. now owns 378,509 shares of the communications equipment provider’s stock valued at $4,765,000 after purchasing an additional 10,366 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Knowles in the second quarter worth approximately $320,000. Crossmark Global Holdings Inc. lifted its stake in Knowles by 38.4% during the second quarter. Crossmark Global Holdings Inc. now owns 15,472 shares of the communications equipment provider’s stock worth $237,000 after purchasing an additional 4,290 shares in the last quarter. Finally, Comerica Bank lifted its stake in Knowles by 28.2% during the second quarter. Comerica Bank now owns 95,825 shares of the communications equipment provider’s stock worth $1,529,000 after purchasing an additional 21,067 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: “Insider Buying: Knowles Corp (KN) Insider Buys $14,914.56 in Stock” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/12/07/insider-buying-knowles-corp-kn-insider-buys-14914-56-in-stock.html.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

Further Reading: Asset Allocation, Balancing Your Investments

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply