Knowles Corporation (NYSE:KN) Insider Michael S. Polacek Acquires 3,246 Shares of Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek purchased 3,246 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was bought at an average price of $15.40 per share, with a total value of $49,988.40. Following the acquisition, the insider now directly owns 42,866 shares in the company, valued at $660,136.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Knowles Corporation (KN) opened at 15.21 on Wednesday. The company has a 50-day moving average of $16.51 and a 200-day moving average of $17.88. The firm’s market capitalization is $1.36 billion. Knowles Corporation has a 52 week low of $13.32 and a 52 week high of $19.90.
Knowles Corporation (NYSE:KN) last issued its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The business had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $190.24 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Knowles Corporation will post $0.95 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 2,580 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Knowles Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 1,056 shares during the period. Bank of Montreal Can boosted its stake in shares of Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 562 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock valued at $182,000 after buying an additional 2,300 shares during the period. Finally, ING Groep NV acquired a new stake in shares of Knowles Corporation during the second quarter valued at approximately $184,000.
A number of brokerages have recently issued reports on KN. Zacks Investment Research downgraded shares of Knowles Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub downgraded shares of Knowles Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Dougherty & Co began coverage on shares of Knowles Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $22.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.33.
About Knowles Corporation
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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