Robert Perna Sells 7,422 Shares of Knowles (NYSE:KN) Stock

Knowles Corporation (NYSE:KN) SVP Robert Perna sold 7,422 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $28.10, for a total value of $208,558.20. Following the completion of the sale, the senior vice president directly owned 80,272 shares in the company, valued at approximately $2,255,643.20. The trade was a 8.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Knowles Stock Down 2.7%

KN opened at $27.16 on Friday. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $28.74. The business has a 50-day moving average of $24.65 and a two-hundred day moving average of $23.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.75 and a quick ratio of 1.58. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 53.25 and a beta of 1.52.

Knowles (NYSE:KN) last released its earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The business had revenue of $162.20 million for the quarter, compared to analysts’ expectations of $156.23 million. During the same period last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KN shares. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 target price on shares of Knowles in a research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a research note on Monday, December 29th. Finally, Zacks Research downgraded Knowles from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.67.

Institutional Trading of Knowles

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in Knowles by 365.4% in the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock valued at $32,502,000 after purchasing an additional 1,094,715 shares during the period. Harvey Partners LLC acquired a new stake in shares of Knowles in the third quarter valued at about $14,510,000. Franklin Resources Inc. grew its stake in shares of Knowles by 10.5% in the third quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock valued at $119,072,000 after buying an additional 484,500 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Knowles by 52.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after buying an additional 470,100 shares during the period. Finally, American Century Companies Inc. lifted its position in Knowles by 95.9% during the 3rd quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock worth $22,340,000 after acquiring an additional 469,286 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.