Nordea Investment Management AB Cuts Stake in Knowles Corporation $KN

Nordea Investment Management AB cut its stake in shares of Knowles Corporation (NYSE:KN) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 445,889 shares of the communications equipment provider’s stock after selling 63,044 shares during the quarter. Nordea Investment Management AB’s holdings in Knowles were worth $9,591,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares in the last quarter. State of Wyoming bought a new stake in Knowles during the 3rd quarter valued at about $105,000. LSV Asset Management purchased a new position in Knowles in the third quarter worth about $182,000. Russell Investments Group Ltd. lifted its stake in shares of Knowles by 725.1% in the third quarter. Russell Investments Group Ltd. now owns 8,606 shares of the communications equipment provider’s stock worth $201,000 after buying an additional 7,563 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Knowles in the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling

In other Knowles news, SVP Robert J. Perna sold 9,221 shares of Knowles stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $27.88, for a total value of $257,081.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Daniel J. Giesecke sold 15,885 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $27.22, for a total transaction of $432,389.70. Following the sale, the chief operating officer owned 164,963 shares of the company’s stock, valued at approximately $4,490,292.86. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 248,742 shares of company stock valued at $6,549,780 in the last ninety days. Corporate insiders own 2.24% of the company’s stock.

Knowles Price Performance

Shares of NYSE:KN opened at $26.61 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 2.75. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 52.18 and a beta of 1.49. The business has a 50-day simple moving average of $25.75 and a two-hundred day simple moving average of $23.79. Knowles Corporation has a fifty-two week low of $12.19 and a fifty-two week high of $28.74.

Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The firm had revenue of $162.20 million for the quarter, compared to the consensus estimate of $156.23 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Zacks Research cut Knowles from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Finally, Craig Hallum reiterated a “buy” rating and set a $30.00 target price on shares of Knowles in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Knowles currently has a consensus rating of “Hold” and a consensus price target of $27.67.

Knowles Company Profile

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.