Wells Fargo & Company MN Has $4.05 Million Holdings in Knowles Co. (NYSE:KN)

Wells Fargo & Company MN lifted its position in shares of Knowles Co. (NYSE:KN) by 24.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,214 shares of the communications equipment provider’s stock after purchasing an additional 40,100 shares during the quarter. Wells Fargo & Company MN owned 0.23% of Knowles worth $4,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KN. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Knowles during the 4th quarter worth $28,798,000. Raymond James Financial Inc. bought a new stake in Knowles in the 4th quarter worth about $16,297,000. Norges Bank purchased a new stake in Knowles in the 4th quarter valued at about $7,983,000. Royce & Associates LP boosted its stake in shares of Knowles by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider’s stock worth $24,425,000 after buying an additional 355,401 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Knowles by 2.9% in the third 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. Institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Craig Hallum raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, April 7th. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th.

Knowles Stock Performance

NYSE:KN opened at $14.27 on Tuesday. Knowles Co. has a 1 year low of $12.19 and a 1 year high of $20.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The business has a fifty day simple moving average of $15.80 and a two-hundred day simple moving average of $17.87. The company has a market capitalization of $1.25 billion, a P/E ratio of -5.38 and a beta of 1.41.

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

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).