Knowles Co. (NYSE:KN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in Knowles Co. (NYSE:KN) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,370 shares of the communications equipment provider’s stock after selling 42,149 shares during the period. Bank of New York Mellon Corp owned approximately 0.78% of Knowles worth $13,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KN. Pacer Advisors Inc. boosted its position in Knowles by 54,279.3% during the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock worth $47,268,000 after purchasing an additional 2,616,805 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Knowles by 33.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock worth $43,140,000 after buying an additional 594,484 shares in the last quarter. Victory Capital Management Inc. grew its stake in Knowles by 64.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider’s stock valued at $19,692,000 after acquiring an additional 426,214 shares during the last quarter. Foundry Partners LLC acquired a new stake in Knowles in the 3rd quarter valued at about $5,243,000. Finally, Franklin Resources Inc. increased its holdings 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. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KN shares. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Craig Hallum lowered Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research note on Friday, February 14th.

Knowles Trading Down 0.5 %

Knowles stock opened at $16.20 on Thursday. The stock has a market cap of $1.42 billion, a PE ratio of -6.11 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.41. Knowles Co. has a 52 week low of $15.00 and a 52 week high of $20.86.

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

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).