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.
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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.
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