Diamond Hill Capital Management LLC Investment Advisor Buys New Shares in Knowles Corporation $KN

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Knowles Corporation (NYSE:KN) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 81,954 shares of the communications equipment provider’s stock, valued at approximately $3,399,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC raised its holdings 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 worth $25,000 after purchasing an additional 662 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 895 shares in the last quarter. McMillan Office Inc. purchased a new stake in shares of Knowles during the 4th quarter worth about $39,000. Torren Management LLC purchased a new position in Knowles in the fourth quarter valued at approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Knowles by 35.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock valued at $48,000 after buying an additional 304 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Knowles from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Susquehanna upped their price target 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. Weiss Ratings upgraded Knowles from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Robert W. Baird set a $44.00 price objective on Knowles in a research report on Friday, July 24th. Finally, Craig Hallum restated a “buy” rating and set a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $40.67.

Insiders Place Their Bets

In other Knowles news, COO Daniel J. Giesecke sold 20,201 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the sale, the chief operating officer directly owned 175,855 shares in the company, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the sale, the senior vice president directly owned 127,945 shares in the company, valued at approximately $4,641,844.60. This trade represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. 2.24% of the stock is currently owned by corporate insiders.

Knowles Stock Up 1.6%

Shares of NYSE:KN opened at $39.12 on Tuesday. 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 company has a fifty day simple moving average of $38.28 and a 200 day simple moving average of $32.60. The firm has a market cap of $3.34 billion, a PE ratio of 50.81 and a beta of 1.60. Knowles Corporation has a 12-month low of $20.10 and a 12-month high of $42.93.

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

Knowles 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.