Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in Knowles Corporation $KN

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Knowles Corporation (NYSE:KN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 506,867 shares of the communications equipment provider’s stock, valued at approximately $21,025,000.

Several other large investors also recently modified their holdings of KN. Millstone Evans Group LLC boosted its holdings in shares of Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 662 shares during the period. Osaic Holdings Inc. raised its holdings in Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 895 shares during the period. McMillan Office Inc. acquired a new stake in Knowles during the fourth quarter worth approximately $39,000. Torren Management LLC bought a new stake in shares of Knowles during the fourth quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Knowles by 35.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 304 shares during the period. 96.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Knowles news, Director Cheryl L. Shavers sold 6,618 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following the sale, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. This represents a 15.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president owned 127,945 shares in the company, valued at $4,641,844.60. The trade was a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.24% of the stock is currently owned by company insiders.

Knowles Trading Up 3.3%

Shares of KN stock opened at $33.67 on Wednesday. The stock has a market cap of $2.88 billion, a P/E ratio of 43.73 and a beta of 1.60. Knowles Corporation has a 1 year low of $20.57 and a 1 year high of $42.93. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $37.64 and a 200 day simple moving average of $33.00.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $166.80 million for the quarter, compared to analyst estimates of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. On average, research analysts predict that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KN shares. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Susquehanna increased their price objective on Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird set a $44.00 target price on Knowles in a report on Friday, July 24th. Weiss Ratings raised shares of Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Finally, Wall Street Zen downgraded shares of Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Knowles currently has an average rating of “Buy” and a consensus 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.