Legal & General Group Plc Sells 15,419 Shares of Knowles Corporation $KN

Legal & General Group Plc lowered its position in shares of Knowles Corporation (NYSE:KN) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,560 shares of the communications equipment provider’s stock after selling 15,419 shares during the quarter. Legal & General Group Plc owned 0.26% of Knowles worth $4,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in shares of Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 895 shares in the last quarter. Torren Management LLC bought a new position in shares of Knowles during the 4th quarter worth approximately $43,000. NBC Securities Inc. bought a new position in shares of Knowles during the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted its position in shares of Knowles by 24.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock worth $72,000 after buying an additional 652 shares in the last quarter. Finally, Danske Bank A S lifted its position in shares of Knowles by 600.0% during the 4th quarter. Danske Bank A S now owns 3,500 shares of the communications equipment provider’s stock worth $75,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

KN has been the topic of a number of research reports. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Robert W. Baird lifted their price target on shares of Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Knowles Stock Up 2.5%

Knowles stock opened at $38.19 on Tuesday. Knowles Corporation has a 1-year low of $16.73 and a 1-year high of $39.92. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 59.67 and a beta of 1.60. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $32.44 and a 200 day simple moving average of $27.16.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The business had revenue of $153.10 million during the quarter, compared to analyst estimates of $147.40 million. During the same period in the previous year, the business earned $0.18 EPS. Knowles’s revenue was up 15.8% compared to the same quarter last year. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, analysts predict that Knowles Corporation will post 0.94 earnings per share for the current year.

Insider Activity at Knowles

In related news, COO Daniel J. Giesecke sold 20,201 shares of Knowles stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the completion of the transaction, the chief operating officer directly owned 175,855 shares in the company, valued at approximately $6,562,908.60. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeffrey Niew sold 142,857 shares of Knowles stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the completion of the transaction, the chief executive officer owned 883,719 shares of the company’s stock, valued at $29,383,656.75. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 173,058 shares of company stock worth $5,809,156. Corporate insiders own 2.24% of the company’s stock.

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.