Robert W. Baird reaffirmed their buy rating on shares of Knowles Corporation (NYSE:KN) in a research note released on Friday morning. Robert W. Baird currently has a $20.00 price objective on the communications equipment provider’s stock.
Several other research firms have also recently issued reports on KN. Zacks Investment Research upgraded shares of Knowles Corporation from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Tuesday, October 24th. BidaskClub cut shares of Knowles Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Knowles Corporation presently has an average rating of Hold and a consensus target price of $18.75.
Shares of Knowles Corporation (KN) traded up 2.13% during mid-day trading on Friday, hitting $16.32. 1,049,320 shares of the stock were exchanged. The company’s market cap is $1.46 billion. Knowles Corporation has a 52-week low of $14.08 and a 52-week high of $19.90. The stock’s 50-day moving average price is $15.44 and its 200-day moving average price is $16.45.
Knowles Corporation (NYSE:KN) last announced its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The business had revenue of $221.70 million during the quarter, compared to analysts’ expectations of $220.62 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts anticipate that Knowles Corporation will post $0.87 earnings per share for the current fiscal year.
In other news, insider Michael S. Polacek bought 3,246 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $15.40 per share, for a total transaction of $49,988.40. Following the purchase, the insider now directly owns 42,866 shares in the company, valued at approximately $660,136.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its position in Knowles Corporation by 35.7% during the first quarter. UBS Asset Management Americas Inc. now owns 49,709 shares of the communications equipment provider’s stock worth $942,000 after acquiring an additional 13,082 shares during the period. Karp Capital Management Corp acquired a new position in Knowles Corporation during the first quarter worth $330,000. Prudential Financial Inc. raised its position in Knowles Corporation by 7.3% during the first quarter. Prudential Financial Inc. now owns 57,838 shares of the communications equipment provider’s stock worth $1,096,000 after acquiring an additional 3,960 shares during the period. OppenheimerFunds Inc. raised its position in Knowles Corporation by 16.6% during the first quarter. OppenheimerFunds Inc. now owns 13,460 shares of the communications equipment provider’s stock worth $255,000 after acquiring an additional 1,919 shares during the period. Finally, Principal Financial Group Inc. raised its position in Knowles Corporation by 2.1% during the first quarter. Principal Financial Group Inc. now owns 358,178 shares of the communications equipment provider’s stock worth $6,787,000 after acquiring an additional 7,520 shares during the period.
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).
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