Michael S. Polacek Buys 965 Shares of Knowles Corporation (KN) Stock

Knowles Corporation (NYSE:KN) insider Michael S. Polacek bought 965 shares of the business’s stock in a transaction on Friday, December 1st. The shares were bought at an average price of $15.40 per share, for a total transaction of $14,861.00. Following the completion of the acquisition, the insider now owns 44,756 shares of the company’s stock, valued at $689,242.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Knowles Corporation (NYSE KN) opened at $14.99 on Wednesday. Knowles Corporation has a 1 year low of $14.11 and a 1 year high of $19.90. The firm has a market capitalization of $1,336.66, a PE ratio of 21.97, a P/E/G ratio of 2.33 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 2.39.

Knowles (NYSE:KN) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million for the quarter, compared to the consensus estimate of $220.62 million. During the same period last year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. analysts anticipate that Knowles Corporation will post 0.64 EPS for the current year.

KN has been the topic of a number of recent analyst reports. 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 Tuesday, October 24th. BidaskClub upgraded Knowles from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Lake Street Capital reiterated a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Monday, November 20th. Finally, Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Knowles in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.00.

A number of hedge funds have recently added to or reduced their stakes in KN. Janus Henderson Group PLC acquired a new stake in Knowles during the second quarter valued at approximately $181,842,000. Vanguard Group Inc. boosted its holdings in Knowles by 2.3% during the second quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock valued at $126,858,000 after purchasing an additional 170,687 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Knowles by 20.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,343,949 shares of the communications equipment provider’s stock valued at $66,332,000 after purchasing an additional 725,486 shares in the last quarter. State Street Corp boosted its holdings in Knowles by 4.3% during the second quarter. State Street Corp now owns 2,879,505 shares of the communications equipment provider’s stock valued at $48,729,000 after purchasing an additional 119,203 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Knowles by 53.6% during the second quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock valued at $36,423,000 after purchasing an additional 751,386 shares in the last quarter.

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Knowles 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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