Insider Selling: Knowles (NYSE:KN) CEO Sells $2,329,554.92 in Stock

Knowles Corporation (NYSE:KN) CEO Jeffrey Niew sold 98,252 shares of Knowles stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $23.71, for a total transaction of $2,329,554.92. Following the completion of the sale, the chief executive officer directly owned 939,370 shares in the company, valued at approximately $22,272,462.70. This represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jeffrey Niew also recently made the following trade(s):

• On Monday, November 3rd, Jeffrey Niew sold 38,404 shares of Knowles stock. The shares were sold at an average price of $23.55, for a total transaction of $904,414.20.

Knowles Trading Down 2.4%

Shares of KN stock opened at $22.49 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.90 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.92 billion, a P/E ratio of 46.86 and a beta of 1.53. The company has a 50 day moving average of $22.89 and a 200-day moving average of $19.68. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $24.53.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. Knowles had a return on equity of 8.98% and a net margin of 7.27%.The business had revenue of $152.90 million during the quarter, compared to analyst estimates of $149.08 million. During the same period in the prior year, the company earned $0.26 earnings per share. Knowles’s revenue was up 7.3% compared to the same quarter last year. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Wall Street Analysts Forecast Growth

KN has been the topic of a number of research reports. Susquehanna boosted their price objective on Knowles from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Knowles in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Knowles from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Craig Hallum set a $28.00 price objective on shares of Knowles and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Robert W. Baird set a $30.00 price objective on shares of Knowles in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Knowles presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Hedge Funds Weigh In On Knowles

Large investors have recently modified their holdings of the company. Public Sector Pension Investment Board increased its holdings in Knowles by 13.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 334,980 shares of the communications equipment provider’s stock worth $7,808,000 after acquiring an additional 38,451 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Knowles by 1.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 44,965 shares of the communications equipment provider’s stock valued at $1,048,000 after purchasing an additional 787 shares in the last quarter. LSV Asset Management purchased a new position in shares of Knowles during the 3rd quarter valued at $182,000. Smartleaf Asset Management LLC increased its holdings in shares of Knowles by 6.2% in the third quarter. Smartleaf Asset Management LLC now owns 16,480 shares of the communications equipment provider’s stock worth $383,000 after purchasing an additional 966 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Knowles by 1.4% in the third quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock worth $1,065,000 after buying an additional 622 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

About Knowles

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).