Legal & General Group Plc Makes New Investment in Knowles Corporation $KN

Legal & General Group Plc acquired a new position in shares of Knowles Corporation (NYSE:KN) in the 2nd quarter, HoldingsChannel reports. The fund acquired 209,693 shares of the communications equipment provider’s stock, valued at approximately $8,698,000.

Several other hedge funds also recently modified their holdings of the stock. The Manufacturers Life Insurance Company bought a new position in Knowles during the second quarter worth $1,737,000. Algert Global LLC grew its stake in Knowles by 11.7% in the second quarter. Algert Global LLC now owns 104,000 shares of the communications equipment provider’s stock valued at $4,314,000 after acquiring an additional 10,880 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Knowles in the second quarter valued at approximately $21,025,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles during the second quarter valued at approximately $102,398,000. Finally, Commerce Bank acquired a new position in shares of Knowles during the second quarter worth approximately $398,000. Institutional investors own 96.35% of the company’s stock.

Insider Transactions at Knowles

In related news, Director Cheryl L. Shavers sold 6,618 shares of Knowles stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the sale, the director owned 35,723 shares of the company’s stock, valued at approximately $1,402,842.21. The trade was a 15.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of Knowles stock in a transaction that occurred on 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 $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 owned by insiders.

Knowles Stock Up 0.5%

Shares of NYSE:KN opened at $34.35 on Wednesday. Knowles Corporation has a 1 year low of $20.57 and a 1 year high of $42.93. The company has a market capitalization of $2.93 billion, a PE ratio of 44.61 and a beta of 1.59. The business has a fifty day moving average price of $36.97 and a two-hundred day moving average price of $33.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.20 and a quick ratio of 1.75.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KN shares. Wall Street Zen cut Knowles from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Susquehanna upped their target price on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Robert W. Baird set a $44.00 price target on shares of Knowles in a research report on Friday, July 24th. Weiss Ratings downgraded Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.67.

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.