Knowles (NYSE:KN) COO Sells $753,901.32 in Stock

Knowles Corporation (NYSE:KN) COO Daniel Giesecke sold 20,201 shares of Knowles stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the sale, the chief operating officer owned 175,855 shares in the company, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Trading Down 1.7%

NYSE:KN traded down $0.65 during trading hours on Friday, hitting $37.32. The company had a trading volume of 493,027 shares, compared to its average volume of 769,273. The company has a market capitalization of $3.19 billion, a PE ratio of 58.31 and a beta of 1.56. The stock has a 50-day moving average price of $30.64 and a 200 day moving average price of $26.35. Knowles Corporation has a 52 week low of $16.11 and a 52 week high of $38.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.27 and a quick ratio of 1.77.

Knowles (NYSE:KN) last released its quarterly 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 business had revenue of $153.10 million for the quarter, compared to analysts’ expectations of $147.40 million. Knowles had a net margin of 9.10% and a return on equity of 10.66%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities research analysts predict that Knowles Corporation will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Knowles

A number of hedge funds have recently bought and sold shares of KN. Millstone Evans Group LLC boosted its stake in Knowles by 212.9% in the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 662 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 895 shares in the last quarter. McMillan Office Inc. bought a new position in Knowles in the 4th quarter worth about $39,000. Torren Management LLC bought a new position in Knowles in the 4th quarter worth about $43,000. Finally, Meeder Asset Management Inc. purchased a new position in Knowles in the 1st quarter worth about $51,000. Institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KN. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Craig Hallum restated a “buy” rating and set a $38.00 target price on shares of Knowles in a report on Friday, April 24th. Zacks Research upgraded shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird boosted their target price on shares of Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

About Knowles

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.