Deutsche Bank AG Purchases Shares of 124,113 Knowles Corporation $KN

Deutsche Bank AG purchased a new stake in Knowles Corporation (NYSE:KN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 124,113 shares of the communications equipment provider's stock, valued at approximately $5,148,000. Deutsche Bank AG owned approximately 0.15% of Knowles as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KN. Millstone Evans Group LLC raised its holdings in Knowles by 212.9% during the 1st quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 662 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 valued at $48,000 after purchasing an additional 304 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Knowles in the second quarter worth $60,000. McMillan Office Inc. bought a new stake in Knowles during the fourth quarter worth about $39,000. Finally, Osaic Holdings Inc. lifted its stake in Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider's stock valued at $31,000 after acquiring an additional 895 shares during the last quarter. Institutional investors own 96.35% of the company's stock.

Wall Street Analyst Weigh In

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

Knowles Price Performance

Knowles stock opened at $32.59 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.75 and a current ratio of 3.20. Knowles Corporation has a 52 week low of $20.57 and a 52 week high of $42.93. The stock has a market capitalization of $2.78 billion, a P/E ratio of 42.33 and a beta of 1.60. The stock has a fifty day moving average of $37.77 and a 200-day moving average of $32.94.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The business had revenue of $166.80 million for the quarter, compared to analyst estimates of $156.97 million. During the same period last year, the firm posted $0.24 earnings per share. Knowles'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. On average, sell-side analysts expect that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Daniel J. Giesecke sold 20,201 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total value of $753,901.32. Following the sale, the chief operating officer directly owned 175,855 shares in the company, valued at approximately $6,562,908.60. This trade represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cheryl L. Shavers sold 6,618 shares of Knowles stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total transaction of $259,888.86. Following the sale, the director directly owned 35,723 shares in the company, valued at $1,402,842.21. This trade represents a 15.63% 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. In the last three months, insiders have sold 32,997 shares of company stock worth $1,237,928. Corporate insiders own 2.24% of the company's stock.

Knowles Company 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.

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