Dimensional Fund Advisors LP Has $115.28 Million Stock Holdings in Knowles Co. (NYSE:KN)

Dimensional Fund Advisors LP boosted its stake in shares of Knowles Co. (NYSE:KN) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,678,995 shares of the communications equipment provider’s stock after purchasing an additional 375,822 shares during the period. Dimensional Fund Advisors LP owned 7.44% of Knowles worth $115,277,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Knowles by 43.5% in the first quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock valued at $7,773,000 after buying an additional 147,372 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Knowles in the first quarter valued at approximately $1,435,000. Allspring Global Investments Holdings LLC increased its stake in shares of Knowles by 9.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock worth $12,017,000 after purchasing an additional 62,332 shares during the period. Trexquant Investment LP bought a new position in shares of Knowles during the fourth quarter worth approximately $920,000. Finally, Norges Bank bought a new position in shares of Knowles during the fourth quarter worth approximately $10,562,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Knowles news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now owns 211,200 shares in the company, valued at approximately $3,907,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.65% of the company’s stock.

Knowles Price Performance

Shares of NYSE KN opened at $17.20 on Tuesday. The firm has a market cap of $1.54 billion, a P/E ratio of 19.55 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. Knowles Co. has a 1-year low of $12.78 and a 1-year high of $19.73. The business’s 50 day moving average is $17.74 and its 200-day moving average is $17.07.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%. The company had revenue of $204.70 million for the quarter.

Analyst Ratings Changes

Separately, Susquehanna increased their target price on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

Knowles Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).