Knowles Co. (NYSE:KN) Shares Bought by Raymond James & Associates

Raymond James & Associates boosted its stake in shares of Knowles Co. (NYSE:KN) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,056 shares of the communications equipment provider’s stock after acquiring an additional 7,059 shares during the quarter. Raymond James & Associates owned about 0.22% of Knowles worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Knowles by 43.5% during the 1st quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock worth $7,773,000 after buying an additional 147,372 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Knowles by 9.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock worth $12,017,000 after buying an additional 62,332 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Knowles during the 1st quarter worth approximately $1,228,000. Sei Investments Co. raised its stake in shares of Knowles by 9.2% during the 1st quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock worth $8,531,000 after buying an additional 44,566 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Knowles in the 2nd quarter valued at approximately $46,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KN shares. Craig Hallum raised Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Susquehanna dropped their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, October 25th.

Insiders Place Their Bets

In other news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the sale, the director now owns 86,192 shares in the company, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the transaction, the director now owns 86,192 shares in the company, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the transaction, the chief financial officer now owns 211,200 shares in the company, valued at $3,907,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,748 shares of company stock valued at $530,948. Corporate insiders own 2.65% of the company’s stock.

Knowles Stock Performance

Knowles stock opened at $17.54 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. The stock has a fifty day moving average of $17.57 and a two-hundred day moving average of $17.44. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -7.50 and a beta of 1.42. Knowles Co. has a fifty-two week low of $13.24 and a fifty-two week high of $19.73.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.97 million. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. Knowles’s revenue was up 31.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share.

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).