Diamond Hill Capital Management LLC Investment Advisor Makes New $3.40 Million Investment in Knowles Corporation $KN

Key Points

• Diamond Hill Capital Management acquired 81,954 Knowles shares worth approximately $3.4 million, giving it a 0.10% stake. Institutional investors collectively own 96.35% of the company.
• Knowles insiders sold shares: executives Raymond Cabrera and Daniel Giesecke disposed of stock worth about $224,000 and $754,000, respectively. Insiders retain 2.24% ownership.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and a $40.67 price target. Knowles also beat quarterly earnings and revenue estimates, reporting $0.33 EPS and $166.8 million in revenue, up 14.3% year over year.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Knowles Corporation (NYSE:KN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 81,954 shares of the communications equipment provider's stock, valued at approximately $3,399,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.10% of Knowles at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millstone Evans Group LLC grew its stake in shares of 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 period. Osaic Holdings Inc. grew its position in shares of 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 purchasing an additional 895 shares during the period. McMillan Office Inc. purchased a new stake in Knowles during the 4th quarter worth approximately $39,000. Torren Management LLC purchased a new stake in shares of Knowles during the fourth quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Knowles by 35.9% during the second 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 in the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

Insider Buying and Selling

In related news, SVP Raymond D. Cabrera sold 6,178 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.28, for a total value of $224,137.84. Following the sale, the senior vice president owned 127,945 shares in the company, valued at $4,641,844.60. This represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Daniel J. Giesecke sold 20,201 shares of Knowles 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 directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KN. Craig Hallum reissued a "buy" rating and issued a $38.00 price target on shares of Knowles in a research note on Friday, April 24th. Robert W. Baird set a $44.00 target price on Knowles in a research report on Friday, July 24th. Susquehanna upped their price objective on Knowles from $33.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Zacks Research upgraded shares of Knowles from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered 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 issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $40.67.

Knowles Stock Performance

Shares of KN opened at $39.12 on Tuesday. The company's 50 day simple moving average is $38.28 and its 200-day simple moving average is $32.60. The firm has a market cap of $3.34 billion, a PE ratio of 50.81 and a beta of 1.60. Knowles Corporation has a 12-month low of $20.10 and a 12-month high of $42.93. The company has a current ratio of 3.20, a quick ratio of 1.75 and a debt-to-equity ratio of 0.16.

Knowles (NYSE:KN - Get Free Report) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS 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 business had revenue of $166.80 million during the quarter, compared to analysts' expectations of $156.97 million. During the same period in the prior 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, equities analysts predict that Knowles Corporation will post 1.02 EPS for the current year.

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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