Northern Trust Corp Has $5.36 Million Stock Position in Kimball Electronics, Inc. (NASDAQ:KE)

Northern Trust Corp raised its stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286,411 shares of the electronics maker's stock after acquiring an additional 43,403 shares during the quarter. Northern Trust Corp owned about 1.16% of Kimball Electronics worth $5,364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KE. Vanguard Group Inc. boosted its position in shares of Kimball Electronics by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after acquiring an additional 92,166 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kimball Electronics by 13.0% during the fourth quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock valued at $9,176,000 after purchasing an additional 56,175 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Kimball Electronics by 14.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock valued at $6,692,000 after buying an additional 44,840 shares during the last quarter. Grace & White Inc. NY raised its holdings in Kimball Electronics by 5.5% in the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after buying an additional 14,100 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in Kimball Electronics by 15.0% during the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker's stock worth $4,717,000 after buying an additional 32,790 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Trading Down 0.8%

Shares of KE traded down $0.14 during trading hours on Monday, hitting $17.50. 172,620 shares of the stock were exchanged, compared to its average volume of 127,103. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The business has a 50-day moving average of $15.59 and a 200-day moving average of $17.41. The firm has a market capitalization of $426.65 million, a P/E ratio of 54.69 and a beta of 1.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The business had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. On average, research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.