Connor Clark & Lunn Investment Management Ltd. Buys Shares of 506,867 Knowles Corporation $KN

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Knowles Corporation (NYSE:KN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 506,867 shares of the communications equipment provider's stock, valued at approximately $21,025,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.59% of Knowles at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC grew its position in shares of Knowles by 212.9% in the 1st 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 period. MassMutual Private Wealth & Trust FSB raised its holdings in Knowles by 35.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider's stock worth $48,000 after buying an additional 304 shares during the period. Global Retirement Partners LLC acquired a new stake in Knowles during the 2nd quarter worth approximately $60,000. McMillan Office Inc. bought a new position in Knowles in the fourth quarter valued at approximately $39,000. Finally, Osaic Holdings Inc. increased its position in shares of Knowles by 94.5% during the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

Insider Buying and Selling at Knowles

In other news, Director Cheryl L. Shavers sold 6,618 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the firm's 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KN. Susquehanna increased their target price on Knowles from $33.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Robert W. Baird set a $44.00 target price on Knowles in a research note on Friday, July 24th. Weiss Ratings raised Knowles from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 14th. Zacks Research raised shares of Knowles from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Knowles from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One equities research 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. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $40.67.

Knowles Price Performance

NYSE:KN opened at $33.67 on Wednesday. Knowles Corporation has a 52-week low of $20.57 and a 52-week high of $42.93. The company has a market cap of $2.88 billion, a P/E ratio of 43.73 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 stock's 50-day simple moving average is $37.64 and its 200 day simple moving average is $33.00.

Knowles (NYSE:KN - Get Free Report) last posted 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 return on equity of 11.45% and a net margin of 10.63%.The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $156.97 million. During the same period last year, the company earned $0.24 earnings per share. The business's 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. As a group, sell-side analysts forecast that Knowles Corporation will post 1.02 EPS 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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