Raymond James Financial Inc. Makes New $16.30 Million Investment in Knowles Co. (NYSE:KN)

Raymond James Financial Inc. purchased a new stake in shares of Knowles Co. (NYSE:KN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 817,710 shares of the communications equipment provider’s stock, valued at approximately $16,297,000. Raymond James Financial Inc. owned 0.93% of Knowles as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after purchasing an additional 669 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after buying an additional 1,449 shares during the period. KBC Group NV grew its holdings in Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after buying an additional 1,947 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Knowles during the 4th quarter valued at $194,000. Finally, FourThought Financial Partners LLC acquired a new position in Knowles during the 4th quarter worth $201,000. Institutional investors own 96.35% of the company’s stock.

Knowles Trading Up 1.1 %

Shares of Knowles stock opened at $14.41 on Monday. The business has a fifty day simple moving average of $15.88 and a 200-day simple moving average of $17.89. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -5.44 and a beta of 1.41. Knowles Co. has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, April 7th.

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).