Northwestern Mutual Investment Management Company LLC Acquires 8 Shares of Knowles Corporation (KN)
Northwestern Mutual Investment Management Company LLC raised its holdings in Knowles Corporation (NYSE:KN) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,293 shares of the communications equipment provider’s stock after acquiring an additional 8 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Knowles Corporation were worth $209,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in KN. LS Investment Advisors LLC boosted its position in shares of Knowles Corporation by 17.9% during the second quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,056 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Knowles Corporation by 6.6% during the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 562 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Knowles Corporation by 31.5% during the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after purchasing an additional 2,300 shares in the last quarter. ING Groep NV bought a new position in shares of Knowles Corporation during the second quarter worth $184,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Knowles Corporation during the second quarter worth $203,000.
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A number of brokerages have recently weighed in on KN. Dougherty & Co began coverage on shares of Knowles Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $22.00 price target on the stock. BidaskClub cut shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research raised shares of Knowles Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. One 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’s stock. The company has an average rating of “Hold” and an average target price of $19.00.
Knowles Corporation (NYSE:KN) opened at 15.24 on Thursday. Knowles Corporation has a 12 month low of $13.32 and a 12 month high of $19.90. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $17.05. The company’s market capitalization is $1.36 billion.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.24 million. During the same period in the prior year, the firm posted $0.13 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect that Knowles Corporation will post $0.92 EPS for the current year.
In other news, insider Michael S. Polacek acquired 3,246 shares of Knowles Corporation stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $15.40 per share, with a total value of $49,988.40. Following the purchase, the insider now owns 42,866 shares in the company, valued at approximately $660,136.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Knowles Corporation Company Profile
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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