Wellington Management Group LLP Sells 81,698 Shares of Knowles Corporation $KN

Wellington Management Group LLP decreased its stake in shares of Knowles Corporation (NYSE:KN) by 10.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,937 shares of the communications equipment provider’s stock after selling 81,698 shares during the quarter. Wellington Management Group LLP owned approximately 0.79% of Knowles worth $27,913,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Knowles by 27.0% during the first quarter. Royal Bank of Canada now owns 70,073 shares of the communications equipment provider’s stock valued at $1,064,000 after acquiring an additional 14,900 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Knowles by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,722 shares of the communications equipment provider’s stock worth $786,000 after purchasing an additional 2,245 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Knowles by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 238,557 shares of the communications equipment provider’s stock worth $3,626,000 after buying an additional 15,827 shares during the period. Jane Street Group LLC bought a new position in shares of Knowles during the 1st quarter worth $3,335,000. Finally, Norges Bank purchased a new position in shares of Knowles during the second quarter valued at $1,255,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knowles

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

Knowles Stock Performance

Shares of Knowles stock opened at $35.44 on Friday. The company has a market capitalization of $3.03 billion, a PE ratio of 46.03 and a beta of 1.59. The company has a 50-day simple moving average of $36.64 and a two-hundred day simple moving average of $33.40. Knowles Corporation has a one year low of $20.57 and a one year high of $42.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20.

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

Analyst Ratings Changes

KN has been the subject of a number of research reports. Weiss Ratings lowered shares of Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Susquehanna increased their price objective on shares of Knowles from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird set a $44.00 price objective on shares of Knowles in a report on Friday, July 24th. Finally, Wall Street Zen lowered Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Knowles presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Knowles 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.