Harvey Partners LLC Invests $14.51 Million in Knowles Corporation $KN

Harvey Partners LLC bought a new position in shares of Knowles Corporation (NYSE:KN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 622,500 shares of the communications equipment provider’s stock, valued at approximately $14,510,000. Harvey Partners LLC owned about 0.73% of Knowles at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KN. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Knowles by 4.1% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 14,648 shares of the communications equipment provider’s stock valued at $258,000 after buying an additional 578 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Knowles by 1.4% during the third quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock worth $1,065,000 after acquiring an additional 622 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Knowles by 1.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 44,965 shares of the communications equipment provider’s stock worth $1,048,000 after purchasing an additional 787 shares during the last quarter. Amundi increased its stake in Knowles by 4.3% during the 3rd quarter. Amundi now owns 19,691 shares of the communications equipment provider’s stock valued at $481,000 after purchasing an additional 816 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Knowles by 94.5% during 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. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Trading Down 1.1%

Knowles stock opened at $24.74 on Monday. The firm has a market cap of $2.12 billion, a PE ratio of 48.50 and a beta of 1.48. The company has a current ratio of 2.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $25.42 and its two-hundred day simple moving average is $23.59. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $28.74.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The company had revenue of $162.20 million during the quarter, compared to analysts’ expectations of $156.23 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KN. Zacks Research downgraded shares of Knowles from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Monday, December 29th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $30.00 price target on shares of Knowles in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.67.

Insider Buying and Selling

In other news, SVP Robert J. Perna sold 9,221 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $27.88, for a total transaction of $257,081.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Barnes sold 41,048 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $27.16, for a total value of $1,114,863.68. The disclosure for this sale is available in the SEC filing. Insiders sold 248,742 shares of company stock valued at $6,549,780 in the last 90 days. Corporate insiders own 2.54% 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.