PNC Financial Services Group Inc. lessened its holdings in Knowles Corporation (NYSE:KN) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,443 shares of the communications equipment provider’s stock after selling 6,081 shares during the quarter. PNC Financial Services Group Inc. owned 0.07% of Knowles Corporation worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of KN. Great West Life Assurance Co. Can raised its position in Knowles Corporation by 4.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 55,842 shares of the communications equipment provider’s stock worth $1,057,000 after purchasing an additional 2,156 shares during the period. Bank of New York Mellon Corp raised its position in Knowles Corporation by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,232,487 shares of the communications equipment provider’s stock worth $23,355,000 after purchasing an additional 57,825 shares during the period. Comerica Bank raised its position in Knowles Corporation by 1.0% in the 1st quarter. Comerica Bank now owns 79,565 shares of the communications equipment provider’s stock worth $1,431,000 after purchasing an additional 789 shares during the period. Swiss National Bank raised its position in Knowles Corporation by 1.4% in the 1st quarter. Swiss National Bank now owns 146,700 shares of the communications equipment provider’s stock worth $2,780,000 after purchasing an additional 2,000 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Knowles Corporation by 35.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 49,709 shares of the communications equipment provider’s stock worth $942,000 after purchasing an additional 13,082 shares during the period.

A number of equities analysts recently commented on KN shares. Zacks Investment Research cut shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.33.

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In other Knowles Corporation news, insider Michael S. Polacek bought 3,246 shares of the business’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the transaction, the insider now owns 42,866 shares of the company’s stock, valued at approximately $660,136.40. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Shares of Knowles Corporation (KN) opened at 15.66 on Tuesday. The company’s 50-day moving average is $15.05 and its 200 day moving average is $16.73. Knowles Corporation has a 1-year low of $13.80 and a 1-year high of $19.90. The company’s market cap is $1.40 billion.

Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $190.20 million for the quarter, compared to the consensus estimate of $190.24 million. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Equities analysts anticipate that Knowles Corporation will post $0.92 EPS for the current year.

Knowles Corporation Profile

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Institutional Ownership by Quarter for Knowles Corporation (NYSE:KN)

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