Shares of Knowles Corp (NYSE:KN) have received a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.60.
Several equities research analysts have recently commented on KN shares. JPMorgan Chase & Co. cut Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 price target for the company. in a research note on Friday, August 3rd. Craig Hallum upped their price target on Knowles from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Dougherty & Co cut Knowles from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut Knowles from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Finally, ValuEngine upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th.
In related news, VP Thomas G. Jackson sold 2,756 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $18.23, for a total transaction of $50,241.88. Following the transaction, the vice president now owns 31,375 shares of the company’s stock, valued at $571,966.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael S. Polacek acquired 1,634 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average cost of $18.30 per share, for a total transaction of $29,902.20. Following the acquisition, the insider now directly owns 65,878 shares of the company’s stock, valued at $1,205,567.40. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Putnam Investments LLC grew its holdings in Knowles by 15.1% during the second quarter. Putnam Investments LLC now owns 342,978 shares of the communications equipment provider’s stock worth $5,248,000 after acquiring an additional 45,100 shares during the period. Hilltop Holdings Inc. grew its holdings in Knowles by 15.3% during the second quarter. Hilltop Holdings Inc. now owns 30,635 shares of the communications equipment provider’s stock worth $468,000 after acquiring an additional 4,065 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in Knowles during the second quarter worth $349,000. Raymond James & Associates grew its holdings in Knowles by 17.1% during the second quarter. Raymond James & Associates now owns 697,802 shares of the communications equipment provider’s stock worth $10,676,000 after acquiring an additional 102,152 shares during the period. Finally, BB&T Securities LLC grew its holdings in Knowles by 3.5% during the second quarter. BB&T Securities LLC now owns 111,128 shares of the communications equipment provider’s stock worth $1,700,000 after acquiring an additional 3,750 shares during the period.
NYSE KN traded up $0.08 on Tuesday, reaching $17.50. The stock had a trading volume of 506,389 shares, compared to its average volume of 1,098,209. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Knowles has a 12-month low of $10.94 and a 12-month high of $18.32. The stock has a market cap of $1.60 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.63 and a beta of 0.99.
Knowles (NYSE:KN) last released its quarterly earnings results on Tuesday, July 24th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Knowles had a return on equity of 6.08% and a net margin of 13.12%. The business had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $179.86 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. research analysts predict that Knowles will post 0.67 earnings per share for the current year.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.
Recommended Story: Leveraged Buyout (LBO) Explained
Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with MarketBeat.com's FREE daily email newsletter.