Knowles Co. (NYSE:KN) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.00.
KN has been the subject of a number of research analyst reports. Susquehanna Bancshares cut shares of Knowles from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $22.00 in a report on Monday, April 19th. Colliers Securities reiterated a “neutral” rating on shares of Knowles in a research note on Thursday, January 28th. TheStreet upgraded shares of Knowles from a “c” rating to a “b” rating in a research note on Friday, February 5th. Susquehanna reiterated a “neutral” rating and issued a $22.00 price objective (down previously from $24.00) on shares of Knowles in a research note on Monday, April 26th. Finally, Zacks Investment Research lowered shares of Knowles from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Tuesday, April 13th.
Shares of NYSE KN traded up $0.27 during midday trading on Tuesday, reaching $19.78. The company had a trading volume of 1,427,197 shares, compared to its average volume of 700,085. The business’s 50-day simple moving average is $20.94 and its 200 day simple moving average is $19.34. The stock has a market cap of $1.84 billion, a P/E ratio of -494.38, a P/E/G ratio of 1.95 and a beta of 1.41. Knowles has a 1 year low of $12.95 and a 1 year high of $22.11. The company has a current ratio of 3.15, a quick ratio of 1.99 and a debt-to-equity ratio of 0.17.
In related news, Director Cheryl L. Shavers sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $21.09, for a total transaction of $168,720.00. Following the sale, the director now owns 46,388 shares in the company, valued at $978,322.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Raymond D. Cabrera sold 36,419 shares of Knowles stock in a transaction dated Tuesday, April 27th. The shares were sold at an average price of $21.11, for a total transaction of $768,805.09. Following the completion of the sale, the senior vice president now owns 104,216 shares in the company, valued at approximately $2,199,999.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,562 shares of company stock worth $1,671,600. 4.48% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in shares of Knowles by 0.7% in the fourth quarter. Baird Financial Group Inc. now owns 77,796 shares of the communications equipment provider’s stock valued at $1,434,000 after purchasing an additional 507 shares during the period. Waterfront Wealth Inc. grew its position in shares of Knowles by 3.0% in the first quarter. Waterfront Wealth Inc. now owns 18,443 shares of the communications equipment provider’s stock valued at $395,000 after purchasing an additional 538 shares during the period. Comerica Bank grew its position in shares of Knowles by 0.6% in the fourth quarter. Comerica Bank now owns 96,416 shares of the communications equipment provider’s stock valued at $1,917,000 after purchasing an additional 583 shares during the period. Prudential Financial Inc. grew its position in shares of Knowles by 0.6% in the first quarter. Prudential Financial Inc. now owns 105,787 shares of the communications equipment provider’s stock valued at $2,213,000 after purchasing an additional 600 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Knowles by 1.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 37,459 shares of the communications equipment provider’s stock worth $784,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.
Knowles Company Profile
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medtech, defense, electric vehicle, and industrial markets. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones, balanced armature speakers, and audio processors used in applications that serve the mobile, ear, and Internet of Things markets.
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