Knowles Co. (NYSE:KN) SVP Raymond D. Cabrera Sells 63,830 Shares

Knowles Co. (NYSE:KN – Get Rating) SVP Raymond D. Cabrera sold 63,830 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $19.07, for a total value of $1,217,238.10. Following the transaction, the senior vice president now directly owns 83,131 shares of the company’s stock, valued at approximately $1,585,308.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

KN stock traded up $0.05 during trading on Tuesday, reaching $18.67. 34,409 shares of the company traded hands, compared to its average volume of 1,032,428. Knowles Co. has a 12 month low of $18.13 and a 12 month high of $23.81. The business has a 50 day simple moving average of $20.29 and a 200 day simple moving average of $21.34. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.28 and a beta of 1.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.45 and a current ratio of 2.68.

Knowles (NYSE:KN – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The communications equipment provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Knowles had a return on equity of 8.79% and a net margin of 17.96%. The company had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $200.18 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that Knowles Co. will post 1.4 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in shares of Knowles by 33.3% in the third quarter. Franklin Resources Inc. now owns 10,039,867 shares of the communications equipment provider’s stock worth $188,148,000 after purchasing an additional 2,507,151 shares during the last quarter. BlackRock Inc. raised its stake in shares of Knowles by 13.6% in the fourth quarter. BlackRock Inc. now owns 17,678,656 shares of the communications equipment provider’s stock worth $412,796,000 after purchasing an additional 2,112,552 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Knowles by 48,203.1% in the third quarter. William Blair Investment Management LLC now owns 1,980,429 shares of the communications equipment provider’s stock worth $37,113,000 after purchasing an additional 1,976,329 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Knowles by 2,171.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,688,658 shares of the communications equipment provider’s stock worth $39,430,000 after purchasing an additional 1,614,305 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Knowles in the fourth quarter worth about $24,403,000. Institutional investors own 99.90% of the company’s stock.

A number of research firms have issued reports on KN. Susquehanna restated a “hold” rating and set a $20.00 price target on shares of Knowles in a research note on Friday, April 29th. Zacks Investment Research downgraded Knowles from a “strong-buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Tuesday, April 12th. StockNews.com assumed coverage on Knowles in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Colliers Securities raised Knowles from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a research report on Thursday, February 10th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $20.00 price objective on shares of Knowles in a research report on Friday, April 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Knowles currently has an average rating of “Buy” and a consensus target price of $22.50.

About Knowles (Get Rating)

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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