Raymond James Financial Inc. Acquires Shares of 21,184 Kimball Electronics, Inc. (NASDAQ:KE)

Raymond James Financial Inc. acquired a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,184 shares of the electronics maker's stock, valued at approximately $397,000. Raymond James Financial Inc. owned approximately 0.09% of Kimball Electronics as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KE. Martingale Asset Management L P bought a new stake in Kimball Electronics during the fourth quarter worth about $1,088,000. Legal & General Group Plc boosted its position in shares of Kimball Electronics by 32.1% in the 4th quarter. Legal & General Group Plc now owns 26,903 shares of the electronics maker's stock worth $504,000 after purchasing an additional 6,532 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Kimball Electronics by 133.4% in the 4th quarter. Russell Investments Group Ltd. now owns 48,149 shares of the electronics maker's stock worth $902,000 after buying an additional 27,520 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Kimball Electronics by 15.0% in the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker's stock worth $4,717,000 after buying an additional 32,790 shares during the last quarter. Finally, ExodusPoint Capital Management LP grew its stake in shares of Kimball Electronics by 4.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after acquiring an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Analysts Set New Price Targets

KE has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Kimball Electronics from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Lake Street Capital reduced their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Price Performance

Shares of KE traded down $0.10 during mid-day trading on Tuesday, reaching $18.53. The stock had a trading volume of 106,932 shares, compared to its average volume of 124,845. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $24.45. The business has a fifty day moving average of $15.37 and a 200 day moving average of $17.50. The firm has a market cap of $451.76 million, a price-to-earnings ratio of 57.91 and a beta of 1.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The company had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. Equities analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.