Knowles Co. (NYSE:KN) Position Increased by Blue Trust Inc.

Blue Trust Inc. increased its stake in Knowles Co. (NYSE:KN) by 72.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,451 shares of the communications equipment provider’s stock after purchasing an additional 1,449 shares during the period. Blue Trust Inc.’s holdings in Knowles were worth $69,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in Knowles by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock valued at $169,135,000 after acquiring an additional 265,814 shares in the last quarter. Pacer Advisors Inc. raised its stake in Knowles by 54,279.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock valued at $47,268,000 after acquiring an additional 2,616,805 shares in the last quarter. Wellington Management Group LLP raised its stake in Knowles by 33.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock valued at $43,140,000 after acquiring an additional 594,484 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Knowles by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider’s stock valued at $36,986,000 after acquiring an additional 191,383 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Knowles by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,018,615 shares of the communications equipment provider’s stock valued at $36,403,000 after acquiring an additional 7,658 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Stock Down 1.4 %

KN opened at $17.59 on Monday. Knowles Co. has a one year low of $15.00 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The stock’s fifty day moving average is $19.37 and its 200-day moving average is $18.52. The company has a market capitalization of $1.54 billion, a PE ratio of -6.64 and a beta of 1.42.

Knowles (NYSE:KN) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

Analysts Set New Price Targets

KN has been the topic of a number of research reports. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday, February 14th.

Knowles Company 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).