State Street Corp Purchases 39,791 Shares of Knowles Corporation (KN)

State Street Corp increased its stake in Knowles Corporation (NYSE:KN) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,760,302 shares of the communications equipment provider’s stock after buying an additional 39,791 shares during the period. State Street Corp owned approximately 3.09% of Knowles Corporation worth $52,307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KN. Acrospire Investment Management LLC increased its stake in shares of Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 2,580 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after buying an additional 2,300 shares during the last quarter. Advantus Capital Management Inc increased its stake in shares of Knowles Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 11,356 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 329 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in shares of Knowles Corporation by 6.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,047 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 738 shares during the last quarter.

Knowles Corporation (NYSE:KN) opened at 14.71 on Friday. The firm has a 50-day moving average of $16.19 and a 200 day moving average of $17.80. The company’s market capitalization is $1.32 billion. Knowles Corporation has a one year low of $13.32 and a one year high of $19.90.

Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The company had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $190.24 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Knowles Corporation’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Knowles Corporation will post $0.95 EPS for the current fiscal year.

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Several research firms have commented on KN. Zacks Investment Research cut shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Dougherty & Co began coverage on shares of Knowles Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.33.

In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of Knowles Corporation stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the completion of the transaction, the insider now owns 42,866 shares of the company’s stock, valued at $660,136.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

About Knowles Corporation

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).

Institutional Ownership by Quarter for Knowles Corporation (NYSE:KN)

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