Nuveen LLC Invests $5.58 Million in Knowles Corporation $KN

Nuveen LLC bought a new position in shares of Knowles Corporation (NYSE:KN) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 367,148 shares of the communications equipment provider’s stock, valued at approximately $5,581,000. Nuveen LLC owned 0.42% of Knowles as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in KN. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Knowles during the fourth quarter worth about $28,798,000. Royce & Associates LP boosted its stake in shares of Knowles by 31.5% during the first quarter. Royce & Associates LP now owns 1,611,679 shares of the communications equipment provider’s stock worth $24,498,000 after buying an additional 386,155 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Knowles by 38.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,150,158 shares of the communications equipment provider’s stock worth $17,425,000 after buying an additional 320,587 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Knowles during the first quarter worth about $2,583,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Knowles during the fourth quarter worth about $2,366,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Transactions at Knowles

In other Knowles news, VP Air A. Jr. Bastarrica sold 10,000 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $20.94, for a total value of $209,400.00. Following the completion of the transaction, the vice president directly owned 62,537 shares of the company’s stock, valued at approximately $1,309,524.78. This trade represents a 13.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert J. Perna sold 56,130 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $20.47, for a total transaction of $1,148,981.10. Following the completion of the transaction, the senior vice president directly owned 66,552 shares of the company’s stock, valued at approximately $1,362,319.44. This trade represents a 45.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.54% of the stock is owned by company insiders.

Knowles Price Performance

Shares of NYSE:KN opened at $21.36 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.83 billion, a P/E ratio of 73.66 and a beta of 1.45. Knowles Corporation has a 52 week low of $12.19 and a 52 week high of $21.69. The company has a 50-day moving average price of $18.98 and a 200 day moving average price of $17.17.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KN shares. Wall Street Zen downgraded shares of Knowles from a “strong-buy” rating to a “buy” rating in a research note on Friday. Craig Hallum raised their price objective on shares of Knowles from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.00.

About Knowles

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).