Principal Financial Group Inc. Buys 29,221 Shares of Knowles Corporation $KN

Principal Financial Group Inc. grew its stake in shares of Knowles Corporation (NYSE:KN) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 435,165 shares of the communications equipment provider’s stock after buying an additional 29,221 shares during the quarter. Principal Financial Group Inc.’s holdings in Knowles were worth $11,175,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd grew its position in Knowles by 0.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 76,098 shares of the communications equipment provider’s stock worth $1,954,000 after acquiring an additional 463 shares in the last quarter. ProShare Advisors LLC raised its position in Knowles by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after purchasing an additional 504 shares in the last quarter. Royal Bank of Canada lifted its stake in Knowles by 1.2% during the fourth quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock worth $1,136,000 after purchasing an additional 638 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Knowles by 24.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 652 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in shares of Knowles by 212.9% in the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 662 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

More Knowles News

Here are the key news stories impacting Knowles this week:

• Positive Sentiment: Knowles beat Q2 earnings and revenue estimates, showing stronger-than-expected demand across its specialty electronic components business. Knowles (KN) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised the outlook for Q3 2026, with EPS guidance of $0.34-$0.38 and revenue guidance of $167.0 million-$177.0 million, both above consensus estimates. Knowles Reports Q2 2026 Financial Results and Provides Outlook for Q3 2026
• Positive Sentiment: Commentary around a “bullish” Q2 and optimistic near-term revenue guidance reinforced the view that operating momentum is improving. Knowles (NYSE:KN) Reports Bullish Q2 CY2026, Provides Optimistic Revenue Guidance for Next Quarter
• Neutral Sentiment: The earnings call transcript and snapshot articles mainly repeat the same results and guidance, adding little new information beyond the headline beat. Knowles Corporation (KN) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Several unrelated entertainment articles about Matthew Knowles and Destiny’s Child are not connected to Knowles Corporation’s fundamentals. Mathew Knowles Says Unreleased Destiny’s Child Remixes Are Coming

Insider Activity at Knowles

In related news, COO Daniel J. Giesecke sold 20,201 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the transaction, the chief operating officer directly owned 175,855 shares in the company, valued at $6,562,908.60. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of Knowles stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total value of $111,986.93. Following the completion of the transaction, the vice president directly owned 47,569 shares in the company, valued at $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 173,058 shares of company stock worth $5,809,156 in the last ninety days. 2.24% of the stock is owned by company insiders.

Knowles Stock Performance

NYSE KN opened at $37.52 on Friday. The company has a 50-day simple moving average of $38.00 and a two-hundred day simple moving average of $30.95. The company has a quick ratio of 1.77, a current ratio of 3.27 and a debt-to-equity ratio of 0.17. Knowles Corporation has a 12-month low of $19.28 and a 12-month high of $42.93. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 48.72 and a beta of 1.59.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a return on equity of 11.55% and a net margin of 10.63%.The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, equities analysts forecast that Knowles Corporation will post 0.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research lowered Knowles from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Craig Hallum restated a “buy” rating and issued a $38.00 target price on shares of Knowles in a research report on Friday, April 24th. Susquehanna upped their target price on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Finally, Robert W. Baird set a $44.00 price target on shares of Knowles in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.67.

About Knowles

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.