Insider Selling: Knowles (NYSE:KN) Director Sells 6,618 Shares

Key Points

• Knowles director Cheryl Shavers sold 6,618 shares at an average price of $39.27, generating approximately $259,889. The Rule 10b5-1 transaction reduced her holdings by 15.63% to 35,723 shares.
• Knowles shares fell 8.5% to $35.66, although the company recently beat quarterly earnings and revenue estimates, reporting $0.33 EPS and $166.8 million in revenue.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and a $40.67 target price; institutional investors own 96.35% of the shares.

Knowles Corporation (NYSE:KN - Get Free Report) Director Cheryl Shavers sold 6,618 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the sale, the director owned 35,723 shares of the company's stock, valued at approximately $1,402,842.21. This represents a 15.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Knowles Stock Down 8.5%

Shares of NYSE:KN traded down $3.33 during trading on Tuesday, reaching $35.66. 453,678 shares of the stock were exchanged, compared to its average volume of 868,989. Knowles Corporation has a 1-year low of $20.10 and a 1-year high of $42.93. The stock has a fifty day moving average of $38.28 and a two-hundred day moving average of $32.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.20 and a quick ratio of 1.75. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 46.32 and a beta of 1.60.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly 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 analyst estimates of $156.97 million. During the same quarter in the previous year, the business posted $0.24 EPS. Knowles's quarterly revenue was up 14.3% on a year-over-year basis. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. Research analysts anticipate that Knowles Corporation will post 1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Knowles

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Knowles in the second quarter worth about $571,614,000. Franklin Resources Inc. increased its stake in shares of Knowles by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider's stock worth $119,072,000 after purchasing an additional 484,500 shares during the last quarter. Andar Capital Management HK Ltd bought a new stake in shares of Knowles in the 2nd quarter worth approximately $117,000,000. Goldman Sachs Group Inc. raised its holdings in shares of Knowles by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,806,916 shares of the communications equipment provider's stock worth $60,152,000 after purchasing an additional 205,573 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Knowles in the second quarter valued at approximately $102,398,000. Institutional investors own 96.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KN shares. Zacks Research upgraded Knowles from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Knowles from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Knowles from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. Robert W. Baird set a $44.00 target price on shares of Knowles in a research report on Friday, July 24th. Finally, Craig Hallum restated a "buy" rating and issued a $38.00 target price on shares of Knowles in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $40.67.

About Knowles

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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