Bank of Montreal Can Makes New $381,000 Investment in Knowles Co. (NYSE:KN)

Bank of Montreal Can bought a new stake in Knowles Co. (NYSE:KN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,061 shares of the communications equipment provider’s stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quest Partners LLC purchased a new position in shares of Knowles during the second quarter worth about $30,000. Innealta Capital LLC bought a new stake in Knowles in the second quarter valued at $46,000. CWM LLC lifted its holdings in Knowles by 38.0% in the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 836 shares during the period. EntryPoint Capital LLC bought a new position in Knowles in the first quarter worth $135,000. Finally, SG Americas Securities LLC purchased a new stake in Knowles in the first quarter worth about $227,000. Institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Susquehanna upped their price objective on Knowles from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a research report on Thursday.

Knowles Trading Down 0.6 %

Shares of Knowles stock opened at $17.24 on Friday. The company has a fifty day moving average of $17.49 and a 200 day moving average of $17.22. Knowles Co. has a fifty-two week low of $12.78 and a fifty-two week high of $19.73. The company has a market capitalization of $1.55 billion, a P/E ratio of 19.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36.

Knowles (NYSE:KN) last announced its quarterly earnings results 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 negative net margin of 24.36% and a positive return on equity of 5.39%. The firm had revenue of $204.70 million for the quarter.

Insider Buying and Selling at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the completion of the sale, the director now directly owns 48,933 shares of the company’s stock, valued at $846,051.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now owns 48,933 shares of the company’s stock, valued at approximately $846,051.57. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Barnes sold 6,725 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the sale, the director now directly owns 86,192 shares of the company’s stock, valued at $1,541,112.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,748 shares of company stock worth $530,948 over the last quarter. Insiders own 2.65% of the company’s stock.

About Knowles

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).