Knowles Co. (NYSE:KN) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in Knowles Co. (NYSE:KN - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,499,431 shares of the communications equipment provider's stock after purchasing an additional 106,763 shares during the quarter. Wellington Management Group LLP owned approximately 2.85% of Knowles worth $49,814,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after purchasing an additional 669 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock worth $55,000 after purchasing an additional 2,448 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. KBC Group NV boosted its position in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock worth $97,000 after purchasing an additional 1,947 shares in the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Knowles during the 4th quarter valued at approximately $201,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target on the stock in a report on Monday, April 7th. Wall Street Zen lowered Knowles from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Robert W. Baird upped their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th.

Knowles Trading Up 1.7%

Shares of Knowles stock traded up $0.28 during mid-day trading on Tuesday, hitting $16.52. The stock had a trading volume of 67,001 shares, compared to its average volume of 682,556. The firm has a 50-day moving average of $15.55 and a two-hundred day moving average of $17.53. The firm has a market cap of $1.44 billion, a P/E ratio of -6.23 and a beta of 1.40. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. Knowles Co. has a 12-month low of $12.19 and a 12-month high of $20.86.

Knowles (NYSE:KN - Get Free Report) last posted its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The company had revenue of $132.20 million for the quarter, compared to analysts' expectations of $128.95 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Knowles's revenue for the quarter was down .8% compared to the same quarter last year.

Insider Activity

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $17.25, for a total value of $95,651.25. Following the completion of the transaction, the senior vice president now owns 111,286 shares in the company, valued at $1,919,683.50. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.54% of the company's stock.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).