Insider Buying: Knowles Corporation (KN) Insider Buys 925 Shares of Stock
Knowles Corporation (NYSE:KN) insider Michael S. Polacek acquired 925 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of $16.18 per share, for a total transaction of $14,966.50. Following the completion of the transaction, the insider now directly owns 43,791 shares in the company, valued at approximately $708,538.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Knowles Corporation (NYSE KN) traded up $0.30 on Monday, reaching $16.46. 541,700 shares of the company’s stock traded hands, compared to its average volume of 795,357. The company has a quick ratio of 1.43, a current ratio of 2.39 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,450.00, a PE ratio of 24.21, a P/E/G ratio of 2.55 and a beta of 0.80. Knowles Corporation has a 1-year low of $14.11 and a 1-year high of $19.90.
Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. The business had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $220.62 million. Knowles Corporation had a net margin of 0.25% and a return on equity of 6.13%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. research analysts forecast that Knowles Corporation will post 0.64 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Insider Buying: Knowles Corporation (KN) Insider Buys 925 Shares of Stock” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/11/13/insider-buying-knowles-corporation-kn-insider-buys-925-shares-of-stock.html.
Several large investors have recently modified their holdings of KN. Janus Henderson Group PLC bought a new position in shares of Knowles Corporation in the 2nd quarter worth approximately $181,842,000. BlackRock Inc. lifted its stake in shares of Knowles Corporation by 16,850.3% in the 1st quarter. BlackRock Inc. now owns 9,107,540 shares of the communications equipment provider’s stock worth $172,588,000 after purchasing an additional 9,053,809 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Knowles Corporation by 27.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock worth $61,225,000 after purchasing an additional 781,379 shares during the period. Northern Trust Corp lifted its stake in shares of Knowles Corporation by 53.6% in the 2nd quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock worth $36,423,000 after purchasing an additional 751,386 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Knowles Corporation by 125.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 803,070 shares of the communications equipment provider’s stock worth $13,588,000 after purchasing an additional 446,879 shares during the period.
KN has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird restated a “buy” rating and set a $20.00 target price on shares of Knowles Corporation in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Knowles Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Knowles Corporation currently has an average rating of “Hold” and a consensus price target of $18.75.
Knowles Corporation Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
Receive News & Stock Ratings for Knowles Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles Corporation and related stocks with our FREE daily email newsletter.