Knowles Corporation (KN) Insider Acquires $14,966.50 in Stock

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.

COPYRIGHT VIOLATION WARNING: “Knowles Corporation (KN) Insider Acquires $14,966.50 in Stock” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/11/16/knowles-corporation-kn-insider-acquires-14966-50-in-stock.html.

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).

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

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

Leave a Reply