Knowles Corporation (NYSE:KN) insider Michael S. Polacek bought 925 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $16.18 per share, for a total transaction of $14,966.50. Following the completion of the acquisition, the insider now directly owns 43,791 shares in the company, valued at $708,538.38. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Knowles Corporation (NYSE:KN) traded up $0.26 during trading hours on Thursday, reaching $16.15. 785,294 shares of the company were exchanged, compared to its average volume of 792,691. Knowles Corporation has a 1 year low of $14.11 and a 1 year high of $19.90. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1,440.00, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.49 and a beta of 0.80.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The firm had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.62 million. During the same period last year, the firm posted $0.37 EPS. Knowles Corporation’s quarterly revenue was down 8.8% on a year-over-year basis. equities research analysts anticipate that Knowles Corporation will post 0.64 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Knowles Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price objective on shares of Knowles Corporation in a research report on Friday, October 27th. Finally, BidaskClub lowered shares of Knowles Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.75.
A number of large investors have recently bought and sold shares of KN. LS Investment Advisors LLC grew its position in Knowles Corporation by 17.9% in the 2nd quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 1,056 shares during the last quarter. Riverhead Capital Management LLC grew its position in Knowles Corporation by 88.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 3,259 shares during the last quarter. Capital Management Associates NY purchased a new position in Knowles Corporation in the 3rd quarter valued at $153,000. ING Groep NV purchased a new stake in shares of Knowles Corporation during the 2nd quarter worth $184,000. Finally, Raymond James Trust N.A. boosted its position in shares of Knowles Corporation by 9.4% during the 2nd quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock worth $187,000 after purchasing an additional 948 shares in the last quarter.
Knowles Corporation Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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