Louisiana State Employees Retirement System Invests $968,000 in Knowles Corporation $KN

Louisiana State Employees Retirement System purchased a new stake in shares of Knowles Corporation (NYSE:KN) during the first quarter, Holdings Channel reports. The fund purchased 37,700 shares of the communications equipment provider’s stock, valued at approximately $968,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC increased its position in Knowles by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 12,446 shares of the communications equipment provider’s stock worth $267,000 after buying an additional 1,927 shares during the last quarter. Invesco Ltd. lifted its position in shares of Knowles by 18.6% in the fourth quarter. Invesco Ltd. now owns 418,035 shares of the communications equipment provider’s stock worth $8,958,000 after buying an additional 65,658 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Knowles in the fourth quarter worth about $379,000. XTX Topco Ltd bought a new stake in shares of Knowles during the 4th quarter worth about $1,424,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Knowles during the 4th quarter worth about $6,555,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Transactions at Knowles

In related news, VP Air A. Jr. Bastarrica sold 3,623 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $30.91, for a total transaction of $111,986.93. Following the transaction, the vice president owned 47,569 shares of the company’s stock, valued at approximately $1,470,357.79. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total transaction of $4,749,995.25. Following the transaction, the chief executive officer directly owned 883,719 shares in the company, valued at $29,383,656.75. This trade represents a 13.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 173,058 shares of company stock worth $5,809,156 over the last three months. 2.24% of the stock is currently owned by insiders.

Knowles Price Performance

NYSE KN opened at $36.76 on Monday. Knowles Corporation has a twelve month low of $17.34 and a twelve month high of $42.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. The stock has a market capitalization of $3.14 billion, a PE ratio of 57.43 and a beta of 1.59. The stock has a 50-day simple moving average of $37.08 and a 200 day simple moving average of $29.48.

Knowles (NYSE:KN) last announced its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $153.10 million during the quarter, compared to the consensus estimate of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Research analysts anticipate that Knowles Corporation will post 0.94 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on KN. Zacks Research downgraded Knowles from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Robert W. Baird upped their target price on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Craig Hallum reiterated a “buy” rating and set a $38.00 price target on shares of Knowles in a report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Knowles has a consensus rating of “Hold” and a consensus target price of $33.33.

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.