Comerica Bank trimmed its position in Knowles Corp (NYSE:KN) by 8.3% in the third quarter, Holdings Channel reports. The fund owned 87,897 shares of the communications equipment provider’s stock after selling 7,928 shares during the quarter. Comerica Bank’s holdings in Knowles were worth $1,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in KN. UBS Group AG increased its holdings in shares of Knowles by 112.3% in the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock valued at $184,000 after acquiring an additional 7,733 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Knowles by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 378,509 shares of the communications equipment provider’s stock valued at $4,765,000 after acquiring an additional 10,366 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Knowles by 38.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,472 shares of the communications equipment provider’s stock valued at $237,000 after acquiring an additional 4,290 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Knowles by 23.5% in the 2nd quarter. New York State Teachers Retirement System now owns 185,490 shares of the communications equipment provider’s stock valued at $2,838,000 after acquiring an additional 35,310 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Knowles by 145.0% in the 2nd quarter. First Trust Advisors LP now owns 76,714 shares of the communications equipment provider’s stock valued at $1,174,000 after acquiring an additional 45,397 shares during the period.

NYSE:KN opened at $14.54 on Friday. Knowles Corp has a 1-year low of $10.94 and a 1-year high of $18.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.55 and a current ratio of 2.60. The firm has a market capitalization of $1.31 billion, a P/E ratio of 20.77, a PEG ratio of 2.08 and a beta of 0.90.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, October 24th. The communications equipment provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Knowles had a net margin of 8.99% and a return on equity of 6.40%. The firm had revenue of $236.20 million for the quarter, compared to analyst estimates of $219.73 million. During the same period last year, the firm posted $0.26 EPS. Knowles’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts forecast that Knowles Corp will post 0.7 earnings per share for the current fiscal year.

A number of research firms recently weighed in on KN. Roth Capital lowered their price objective on shares of Knowles from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. ValuEngine upgraded shares of Knowles from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Robert W. Baird reiterated a “buy” rating and issued a $18.00 price objective on shares of Knowles in a research report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.14.

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About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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