52,338 Shares in Knowles Corporation $KN Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 52,338 Knowles shares worth approximately $2.17 million, giving it a 0.06% stake. Institutional investors collectively own 96.35% of the company.
• Knowles insiders sold 32,997 shares valued at about $1.24 million over the past three months, while insiders retain 2.24% ownership.
• Analyst sentiment remains positive, with an overall “Buy” rating and a consensus price target of $40.67. Knowles recently exceeded quarterly earnings and revenue expectations, reporting $0.33 EPS and $166.8 million in revenue.

Quantbot Technologies LP acquired a new position in shares of Knowles Corporation (NYSE:KN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,338 shares of the communications equipment provider's stock, valued at approximately $2,171,000. Quantbot Technologies LP owned about 0.06% of Knowles as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC grew its stake in shares of Knowles by 212.9% during the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 662 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Knowles by 35.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider's stock worth $48,000 after purchasing an additional 304 shares during the last quarter. Global Retirement Partners LLC bought a new position in Knowles in the 2nd quarter worth approximately $60,000. McMillan Office Inc. acquired a new position in Knowles during the 4th quarter worth $39,000. Finally, Osaic Holdings Inc. lifted its holdings in Knowles by 94.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock worth $31,000 after buying an additional 895 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Raymond D. Cabrera sold 6,178 shares of the company's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the completion of the sale, the senior vice president owned 127,945 shares in the company, valued at approximately $4,641,844.60. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cheryl L. Shavers sold 6,618 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the completion of the transaction, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,997 shares of company stock valued at $1,237,928 over the last three months. Company insiders own 2.24% of the company's stock.

Analyst Ratings Changes

KN has been the subject of several research reports. Weiss Ratings raised Knowles from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 14th. Robert W. Baird set a $44.00 price target on Knowles in a research note on Friday, July 24th. Zacks Research raised Knowles from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Susquehanna raised their price target on Knowles from $33.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Wall Street Zen lowered Knowles from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $40.67.

Knowles Price Performance

Shares of KN stock opened at $32.59 on Tuesday. Knowles Corporation has a 52-week low of $20.57 and a 52-week high of $42.93. The stock has a market cap of $2.78 billion, a PE ratio of 42.33 and a beta of 1.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. The firm's 50 day moving average price is $37.77 and its two-hundred day moving average price is $32.94.

Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $166.80 million during the quarter, compared to analyst estimates of $156.97 million. Knowles had a net margin of 10.63% and a return on equity of 11.45%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, analysts forecast that Knowles Corporation will post 1.02 EPS for the current year.

Knowles Profile

Knowles Corporation NYSE: KN is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company's product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.