Strs Ohio Buys New Holdings in Knowles Corporation $KN

Key Points

• Strs Ohio has made a new investment in Knowles Corporation, purchasing 43,700 shares valued at approximately $664,000, which represents about 0.05% of the company.
• The share price for Knowles Corporation has shown a significant fluctuation, with a twelve-month low of $12.19 and a high of $23.03, currently trading around $22.57.
• Recent analyst ratings indicate positive sentiment towards Knowles, with upgrades from Craig Hallum and Wall Street Zen, providing an average target price of $21.00.

Strs Ohio bought a new stake in Knowles Corporation (NYSE:KN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 43,700 shares of the communications equipment provider's stock, valued at approximately $664,000. Strs Ohio owned 0.05% of Knowles as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Knowles in the first quarter valued at $533,000. Hsbc Holdings PLC grew its stake in shares of Knowles by 9.6% in the first quarter. Hsbc Holdings PLC now owns 16,095 shares of the communications equipment provider's stock valued at $244,000 after buying an additional 1,415 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Knowles by 17.9% in the fourth quarter. Bank of America Corp DE now owns 436,464 shares of the communications equipment provider's stock valued at $8,699,000 after buying an additional 66,202 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Knowles by 46.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,881 shares of the communications equipment provider's stock valued at $226,000 after buying an additional 4,699 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Knowles by 2.2% in the first quarter. Principal Financial Group Inc. now owns 436,486 shares of the communications equipment provider's stock valued at $6,635,000 after buying an additional 9,418 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Knowles news, VP Air A. Jr. Bastarrica sold 10,000 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $20.94, for a total transaction of $209,400.00. Following the sale, the vice president owned 62,537 shares in the company, valued at approximately $1,309,524.78. This represents a 13.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert J. Perna sold 56,130 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $20.47, for a total value of $1,148,981.10. Following the sale, the senior vice president owned 66,552 shares in the company, valued at $1,362,319.44. This trade represents a 45.75% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.54% of the company's stock.

Knowles Price Performance

Shares of KN traded down $0.21 on Friday, reaching $22.57. The stock had a trading volume of 1,868,850 shares, compared to its average volume of 590,341. The firm has a market capitalization of $1.94 billion, a PE ratio of 77.84 and a beta of 1.50. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $20.49 and a 200 day moving average of $17.74. Knowles Corporation has a twelve month low of $12.19 and a twelve month high of $23.03.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Knowles from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 13th. Craig Hallum boosted their target price on Knowles from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Knowles 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).