First Bank & Trust lowered its stake in shares of Knowles Corporation (NYSE:KN) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,501 shares of the communications equipment provider’s stock after selling 1,054 shares during the period. First Bank & Trust’s holdings in Knowles Corporation were worth $144,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of KN. Atria Investments LLC raised its position in shares of Knowles Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 12,485 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 180 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Knowles Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,011 shares of the communications equipment provider’s stock valued at $682,000 after buying an additional 300 shares during the last quarter. Advantus Capital Management Inc raised its position 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 valued at $215,000 after buying an additional 329 shares during the last quarter. Marathon Capital Management raised its position in shares of Knowles Corporation by 0.7% in the first quarter. Marathon Capital Management now owns 53,750 shares of the communications equipment provider’s stock valued at $1,019,000 after buying an additional 350 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Knowles Corporation by 1.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 40,446 shares of the communications equipment provider’s stock valued at $766,000 after buying an additional 386 shares during the last quarter.
Knowles Corporation (KN) traded down 0.91% during trading on Friday, hitting $14.17. 696,398 shares of the stock were exchanged. The firm’s 50 day moving average price is $15.79 and its 200-day moving average price is $17.67. The stock’s market cap is $1.27 billion. Knowles Corporation has a 1-year low of $13.32 and a 1-year high of $19.90.
Knowles Corporation (NYSE:KN) last announced its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. 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 business posted $0.13 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that Knowles Corporation will post $0.95 EPS for the current year.
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Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Dougherty & Co assumed coverage on shares of Knowles Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.
In related news, insider Michael S. Polacek acquired 3,246 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price 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 can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.
Knowles Corporation 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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