Knowles (NYSE:KN) SVP Sells $224,137.84 in Stock

Knowles Corporation (NYSE:KN) SVP Raymond Cabrera sold 6,178 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.28, for a total value of $224,137.84. Following the transaction, the senior vice president directly owned 127,945 shares of the company’s stock, valued at $4,641,844.60. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knowles Stock Up 4.4%

Shares of KN opened at $36.09 on Friday. The stock has a 50 day moving average price of $38.10 and a 200 day moving average price of $31.38. Knowles Corporation has a one year low of $19.29 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. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 46.87 and a beta of 1.59.

Knowles (NYSE:KN) last announced its quarterly earnings data 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. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The company had revenue of $166.80 million for the quarter, compared to analyst estimates of $156.97 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities research analysts forecast that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KN. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Craig Hallum reiterated a “buy” rating and issued a $38.00 price objective on shares of Knowles in a report on Friday, April 24th. Susquehanna raised their target price on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Zacks Research upgraded Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird set a $44.00 price target on Knowles in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.67.

Hedge Funds Weigh In On Knowles

Institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC boosted its holdings in Knowles by 212.9% in the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 662 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after buying an additional 895 shares during the last quarter. McMillan Office Inc. purchased a new stake in shares of Knowles during the 4th quarter valued at approximately $39,000. Torren Management LLC acquired a new position in Knowles in the fourth quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Knowles by 35.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 304 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

About Knowles

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.