Barrow Hanley Mewhinney & Strauss LLC Purchases New Shares in Knowles Corporation $KN

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles Corporation (NYSE:KN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,468,608 shares of the communications equipment provider's stock, valued at approximately $102,398,000. Barrow Hanley Mewhinney & Strauss LLC owned 2.89% of Knowles at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Knowles in the 2nd quarter worth approximately $571,614,000. Franklin Resources Inc. increased its holdings in Knowles by 10.5% during the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider's stock valued at $119,072,000 after buying an additional 484,500 shares during the period. Andar Capital Management HK Ltd purchased a new position in Knowles during the second quarter valued at approximately $117,000,000. Goldman Sachs Group Inc. raised its stake in Knowles by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider's stock worth $60,152,000 after buying an additional 205,573 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Knowles by 365.4% during the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider's stock worth $32,502,000 after buying an additional 1,094,715 shares during the period. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 6,178 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.28, for a total transaction of $224,137.84. Following the completion of the transaction, the senior vice president owned 127,945 shares of the company's stock, valued at $4,641,844.60. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Daniel J. Giesecke sold 20,201 shares of the firm's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total value of $753,901.32. Following the transaction, the chief operating officer owned 175,855 shares of the company's stock, valued at approximately $6,562,908.60. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 32,997 shares of company stock worth $1,237,928. Insiders own 2.24% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on KN shares. Weiss Ratings raised shares of Knowles from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Knowles from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 1st. Robert W. Baird set a $44.00 price target on shares of Knowles in a report on Friday, July 24th. Zacks Research upgraded Knowles from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Susquehanna upped their target price on Knowles from $33.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $40.67.

Knowles Stock Performance

KN opened at $33.25 on Monday. The company has a quick ratio of 1.75, a current ratio of 3.20 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 43.18 and a beta of 1.60. Knowles Corporation has a 52-week low of $20.50 and a 52-week high of $42.93. The firm's fifty day simple moving average is $37.95 and its two-hundred day simple moving average is $32.88.

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

About Knowles

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.

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