Public Employees Retirement System of Ohio lessened its holdings in shares of Knowles Corporation (NYSE:KN) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,816 shares of the communications equipment provider’s stock after selling 265 shares during the period. Public Employees Retirement System of Ohio’s holdings in Knowles Corporation were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of Knowles Corporation during the second quarter valued at approximately $181,842,000. BlackRock Inc. raised its holdings in shares of Knowles Corporation by 16,850.3% during the first quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock valued at $172,588,000 after buying an additional 9,053,809 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Knowles Corporation by 2.3% during the second quarter. Vanguard Group Inc. now owns 7,497,520 shares of the communications equipment provider’s stock valued at $126,858,000 after buying an additional 170,687 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Knowles Corporation by 27.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock valued at $61,225,000 after buying an additional 781,379 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Knowles Corporation by 4.3% during the second quarter. State Street Corp now owns 2,879,505 shares of the communications equipment provider’s stock valued at $48,729,000 after buying an additional 119,203 shares during the last quarter.

A number of equities research analysts have recently weighed in on KN shares. Zacks Investment Research raised Knowles Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, October 24th. BidaskClub cut Knowles Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Knowles Corporation in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.75.

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Knowles Corporation (NYSE:KN) opened at $16.09 on Friday. Knowles Corporation has a 12 month low of $14.11 and a 12 month high of $19.90. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,440.00, a P/E ratio of 23.60, a P/E/G ratio of 2.49 and a beta of 0.80.

Knowles Corporation (NYSE:KN) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.09. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The business had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.62 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. research analysts expect that Knowles Corporation will post 0.64 EPS for the current fiscal year.

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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