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.
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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