Aristotle Capital Boston LLC Sells 217,577 Shares of Knowles Co. (NYSE:KN)

Aristotle Capital Boston LLC reduced its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,012,986 shares of the communications equipment provider's stock after selling 217,577 shares during the quarter. Knowles comprises 1.5% of Aristotle Capital Boston LLC's investment portfolio, making the stock its 19th biggest position. Aristotle Capital Boston LLC owned about 2.29% of Knowles worth $40,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Knowles during the fourth quarter worth $28,798,000. Raymond James Financial Inc. bought a new position in Knowles in the 4th quarter worth about $16,297,000. Norges Bank purchased a new position in Knowles during the 4th quarter valued at about $7,983,000. Royce & Associates LP increased its position in shares of Knowles by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock valued at $24,425,000 after buying an additional 355,401 shares during the period. Finally, Franklin Resources Inc. lifted 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 worth $169,135,000 after buying an additional 265,814 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on KN. StockNews.com cut shares of Knowles from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Robert W. Baird upped their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, Craig Hallum raised Knowles from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a research note on Monday, April 7th.

Knowles Price Performance

Knowles stock traded down $0.08 during mid-day trading on Monday, hitting $16.34. 662,636 shares of the company traded hands, compared to its average volume of 684,083. The stock has a fifty day moving average price of $15.38 and a 200-day moving average price of $17.74. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -6.17 and a beta of 1.41. Knowles Co. has a one year low of $12.19 and a one year high of $20.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83.

Knowles (NYSE:KN - Get Free Report) last announced its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The company had revenue of $132.20 million during the quarter, compared to analyst estimates of $128.95 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year.

Knowles 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).