Harvey Partners LLC Takes Position in Knowles Corporation $KN

Harvey Partners LLC bought a new position in shares of Knowles Corporation (NYSE:KN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 622,500 shares of the communications equipment provider’s stock, valued at approximately $14,510,000.

Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in Knowles by 10.5% in the 3rd 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. Cramer Rosenthal Mcglynn LLC increased its stake in Knowles by 5.6% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,421,713 shares of the communications equipment provider’s stock worth $33,140,000 after buying an additional 75,367 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Knowles by 365.4% during 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 acquiring an additional 1,094,715 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Knowles by 52.8% during the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock valued at $31,723,000 after acquiring an additional 470,100 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Knowles by 95.9% in the third quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock valued at $22,340,000 after acquiring an additional 469,286 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Activity at Knowles

In other Knowles news, VP Air A. Jr. Bastarrica sold 12,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $26.76, for a total value of $321,120.00. Following the completion of the sale, the vice president directly owned 48,200 shares in the company, valued at $1,289,832. This represents a 19.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel J. Giesecke sold 15,885 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $27.22, for a total value of $432,389.70. Following the completion of the sale, the chief operating officer owned 164,963 shares of the company’s stock, valued at approximately $4,490,292.86. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 248,742 shares of company stock valued at $6,549,780 in the last three months. Company insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

KN has been the topic of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price target on shares of Knowles in a research note on Friday, February 6th. Zacks Research downgraded Knowles from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a report on Monday, December 29th. Two 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.67.

Knowles Trading Down 1.1%

KN opened at $24.74 on Monday. 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 company’s 50 day simple moving average is $25.42 and its two-hundred day simple moving average is $23.59. Knowles Corporation has a 1-year low of $12.19 and a 1-year high of $28.74. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 48.50 and a beta of 1.48.

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

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.