Insider Buying: Knowles Corporation (KN) Director Purchases 2,000 Shares of Stock

Knowles Corporation (NYSE:KN) Director Didier Hirsch acquired 2,000 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $13.40 per share, for a total transaction of $26,800.00. Following the completion of the purchase, the director now owns 40,821 shares in the company, valued at approximately $547,001.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Knowles Corporation (NYSE KN) traded down $0.11 on Tuesday, hitting $13.62. The stock had a trading volume of 1,224,950 shares, compared to its average volume of 991,862. The firm has a market cap of $1,198.29, a P/E ratio of 18.41, a P/E/G ratio of 1.81 and a beta of 0.78. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. Knowles Corporation has a fifty-two week low of $13.10 and a fifty-two week high of $19.90.

Knowles (NYSE:KN) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. Knowles’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. sell-side analysts anticipate that Knowles Corporation will post 0.74 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in KN. AXA lifted its holdings in Knowles by 6.3% during the 4th quarter. AXA now owns 246,648 shares of the communications equipment provider’s stock worth $3,616,000 after buying an additional 14,700 shares in the last quarter. Leucadia National Corp lifted its holdings in Knowles by 91.5% during the 4th quarter. Leucadia National Corp now owns 23,358 shares of the communications equipment provider’s stock worth $342,000 after buying an additional 11,160 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Knowles during the 4th quarter worth $267,000. Geode Capital Management LLC lifted its holdings in Knowles by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 760,980 shares of the communications equipment provider’s stock worth $11,155,000 after buying an additional 4,102 shares in the last quarter. Finally, Investors Research Corp acquired a new position in Knowles during the 4th quarter worth $216,000.

Several equities research analysts have recently weighed in on KN shares. Zacks Investment Research upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Friday, October 27th. Lake Street Capital reiterated a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Monday, November 20th. Piper Jaffray Companies began coverage on Knowles in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price objective on the stock. Finally, Craig Hallum reissued a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of Knowles in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Knowles presently has an average rating of “Hold” and an average target price of $18.08.

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Knowles Company Profile

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Insider Buying and Selling by Quarter for Knowles (NYSE:KN)

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