Knowles Co. (NYSE:KN) CFO Sells $193,214.00 in Stock

Knowles Co. (NYSE:KN) CFO John S. Anderson sold 10,444 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Knowles Trading Down 1.0 %

KN stock traded down $0.19 on Tuesday, reaching $18.28. The company’s stock had a trading volume of 59,510 shares, compared to its average volume of 536,564. The business has a fifty day simple moving average of $17.70 and a two-hundred day simple moving average of $16.91. Knowles Co. has a 12-month low of $12.78 and a 12-month high of $19.73. The firm has a market cap of $1.64 billion, a PE ratio of 20.99 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.55 and a current ratio of 2.36.

Knowles (NYSE:KN) last announced its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The business had revenue of $204.70 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Susquehanna increased their price target on shares of Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th.

Institutional Trading of Knowles

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its stake in Knowles by 4.8% in the second quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock worth $248,000 after acquiring an additional 661 shares during the period. CWM LLC lifted its position in Knowles by 38.0% during the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 836 shares during the period. Inspire Investing LLC lifted its position in Knowles by 4.5% during the first quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock valued at $360,000 after buying an additional 973 shares during the period. ProShare Advisors LLC lifted its position in Knowles by 6.1% during the first quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock valued at $288,000 after buying an additional 1,028 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Knowles by 2.5% during the second quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock valued at $780,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).