Putnam Investments LLC boosted its holdings in shares of Knowles Corp (NYSE:KN) by 15.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,978 shares of the communications equipment provider’s stock after acquiring an additional 45,100 shares during the period. Putnam Investments LLC owned about 0.38% of Knowles worth $5,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KN. Schwab Charles Investment Management Inc. grew its holdings in shares of Knowles by 4.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 721,423 shares of the communications equipment provider’s stock worth $9,083,000 after buying an additional 28,234 shares in the last quarter. Aperio Group LLC grew its holdings in Knowles by 78.8% in the first quarter. Aperio Group LLC now owns 21,408 shares of the communications equipment provider’s stock valued at $270,000 after purchasing an additional 9,436 shares during the period. Northern Trust Corp grew its holdings in Knowles by 0.6% in the first quarter. Northern Trust Corp now owns 2,106,090 shares of the communications equipment provider’s stock valued at $26,517,000 after purchasing an additional 11,844 shares during the period. BlackRock Inc. grew its holdings in Knowles by 0.3% in the first quarter. BlackRock Inc. now owns 9,397,639 shares of the communications equipment provider’s stock valued at $118,317,000 after purchasing an additional 25,896 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in Knowles by 16.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 286,864 shares of the communications equipment provider’s stock valued at $3,612,000 after purchasing an additional 39,649 shares during the period.

A number of research firms recently issued reports on KN. Lake Street Capital restated a “buy” rating and issued a $19.00 target price (up from $17.00) on shares of Knowles in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Knowles from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine upgraded shares of Knowles from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Craig Hallum boosted their target price on shares of Knowles from $16.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Dougherty & Co downgraded shares of Knowles from a “buy” rating to a “neutral” rating in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $17.50.

Knowles stock opened at $16.51 on Friday. Knowles Corp has a 1 year low of $10.94 and a 1 year high of $18.32. The company has a market capitalization of $1.49 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.46 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 0.17.

Knowles (NYSE:KN) last released its earnings results on Tuesday, July 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $188.40 million during the quarter, compared to the consensus estimate of $179.86 million. Knowles had a net margin of 13.12% and a return on equity of 6.08%. Knowles’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. research analysts predict that Knowles Corp will post 0.67 earnings per share for the current year.

In other Knowles news, insider Michael S. Polacek purchased 1,634 shares of Knowles stock in a transaction on Thursday, July 26th. The shares were purchased at an average cost of $18.30 per share, with a total value of $29,902.20. Following the completion of the transaction, the insider now directly owns 65,878 shares in the company, valued at approximately $1,205,567.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas G. Jackson sold 2,756 shares of Knowles stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $18.23, for a total transaction of $50,241.88. Following the transaction, the vice president now directly owns 31,375 shares in the company, valued at $571,966.25. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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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