Bank of New York Mellon Corp lessened its stake in shares of Knowles Corporation (NYSE:KN) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,223,304 shares of the communications equipment provider’s stock after selling 9,183 shares during the period. Bank of New York Mellon Corp owned about 1.37% of Knowles Corporation worth $20,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KN. BlackRock Inc. raised its holdings in Knowles Corporation by 16,850.3% during the 1st quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock worth $172,588,000 after buying an additional 9,053,809 shares during the period. JPMorgan Chase & Co. raised its holdings in Knowles Corporation by 23,168.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,399,150 shares of the communications equipment provider’s stock worth $26,514,000 after buying an additional 1,393,137 shares during the period. Dimensional Fund Advisors LP raised its holdings in Knowles Corporation by 32.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,837,084 shares of the communications equipment provider’s stock worth $53,763,000 after buying an additional 696,122 shares during the period. Sensato Investors LLC raised its holdings in Knowles Corporation by 626.7% during the 1st quarter. Sensato Investors LLC now owns 579,200 shares of the communications equipment provider’s stock worth $10,976,000 after buying an additional 499,500 shares during the period. Finally, Rothschild Asset Management Inc. raised its holdings in Knowles Corporation by 29.3% during the 1st quarter. Rothschild Asset Management Inc. now owns 1,656,300 shares of the communications equipment provider’s stock worth $31,387,000 after buying an additional 375,613 shares during the period.

Knowles Corporation (NYSE:KN) opened at 15.19 on Friday. Knowles Corporation has a 1-year low of $13.32 and a 1-year high of $19.90. The stock’s market cap is $1.36 billion. The firm’s 50-day moving average price is $14.86 and its 200 day moving average price is $17.13.

Knowles Corporation (NYSE:KN) last released its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.24 million. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. Knowles Corporation’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Equities research analysts expect that Knowles Corporation will post $0.92 EPS for the current year.

KN has been the topic of several recent analyst reports. Zacks Investment Research upgraded Knowles Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub downgraded Knowles Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, Dougherty & Co initiated coverage on Knowles Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Knowles Corporation has a consensus rating of “Hold” and an average target price of $19.00.

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In other Knowles Corporation news, insider Michael S. Polacek purchased 3,246 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $15.40 per share, with a total value of $49,988.40. Following the completion of the transaction, the insider now directly owns 42,866 shares in the company, valued at approximately $660,136.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

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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Institutional Ownership by Quarter for Knowles Corporation (NYSE:KN)

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