Confluence Investment Management LLC Sells 41,917 Shares of Knowles Corporation $KN

Confluence Investment Management LLC reduced its position in shares of Knowles Corporation (NYSE:KN) by 54.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,005 shares of the communications equipment provider’s stock after selling 41,917 shares during the period. Confluence Investment Management LLC’s holdings in Knowles were worth $1,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KN. Millstone Evans Group LLC increased its stake in shares of 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. McMillan Office Inc. acquired a new stake in Knowles in the fourth quarter valued at about $39,000. Osaic Holdings Inc. boosted its stake in Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 895 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Knowles in the first quarter valued at about $51,000. Finally, Torren Management LLC acquired a new position in Knowles during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KN shares. Wall Street Zen cut shares of Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday. Susquehanna upped their price objective on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Knowles from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $44.00 price target on shares of Knowles in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.67.

Knowles Stock Performance

Shares of KN stock opened at $40.38 on Wednesday. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 52.44 and a beta of 1.60. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $38.16 and its 200-day moving average price is $31.69. Knowles Corporation has a 12 month low of $19.29 and a 12 month high of $42.93.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Equities research analysts forecast that Knowles Corporation will post 1.02 EPS for the current year.

Insider Buying and Selling

In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of the company’s 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 completion of the transaction, the senior vice president directly owned 127,945 shares in the company, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the transaction, the chief operating officer owned 175,855 shares of the company’s stock, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.24% of the company’s stock.

Knowles Company Profile

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.