Knowles Corp (KN) Shares Sold by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC lessened its holdings in shares of Knowles Corp (NYSE:KN) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 129,902 shares of the communications equipment provider’s stock after selling 3,900 shares during the period. Knowles accounts for 1.9% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 17th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Knowles were worth $1,729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KN. Investors Research Corp grew its holdings in shares of Knowles by 5.3% in the 4th quarter. Investors Research Corp now owns 15,900 shares of the communications equipment provider’s stock valued at $212,000 after buying an additional 800 shares during the period. Krane Funds Advisors LLC grew its holdings in shares of Knowles by 6.4% in the 3rd quarter. Krane Funds Advisors LLC now owns 22,849 shares of the communications equipment provider’s stock valued at $380,000 after buying an additional 1,380 shares during the period. OLD National Bancorp IN grew its holdings in shares of Knowles by 9.0% in the 4th quarter. OLD National Bancorp IN now owns 24,659 shares of the communications equipment provider’s stock valued at $328,000 after buying an additional 2,029 shares during the period. Creative Planning grew its holdings in shares of Knowles by 3.6% in the 3rd quarter. Creative Planning now owns 101,140 shares of the communications equipment provider’s stock valued at $1,681,000 after buying an additional 3,539 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Knowles by 26.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,100 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 3,600 shares during the period.

NYSE:KN traded up $0.09 on Wednesday, hitting $15.83. 344 shares of the company’s stock were exchanged, compared to its average volume of 1,184,997. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.57 and a quick ratio of 1.59. Knowles Corp has a 52 week low of $10.94 and a 52 week high of $18.32. The stock has a market capitalization of $1.42 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, February 7th. The communications equipment provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. Knowles had a net margin of 8.19% and a return on equity of 6.08%. The firm had revenue of $223.80 million for the quarter, compared to analysts’ expectations of $224.42 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts anticipate that Knowles Corp will post 0.8 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the stock. TheStreet raised shares of Knowles from a “c” rating to a “b” rating in a research report on Friday, February 8th. Zacks Investment Research raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, October 31st. Lake Street Capital cut shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Knowles in a research report on Wednesday, October 17th. Finally, ValuEngine raised shares of Knowles from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.64.

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Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

Further Reading: Why is the ROA ratio important?

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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