Aristotle Capital Boston LLC Sells 447,336 Shares of Knowles Corporation $KN

Aristotle Capital Boston LLC cut its stake in shares of Knowles Corporation (NYSE:KN) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,408 shares of the communications equipment provider’s stock after selling 447,336 shares during the quarter. Knowles makes up approximately 1.4% of Aristotle Capital Boston LLC’s holdings, making the stock its 19th biggest position. Aristotle Capital Boston LLC’s holdings in Knowles were worth $25,018,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in shares of Knowles by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 16,612 shares of the communications equipment provider’s stock valued at $356,000 after acquiring an additional 504 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Knowles by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 45,669 shares of the communications equipment provider’s stock valued at $1,065,000 after acquiring an additional 622 shares during the period. Royal Bank of Canada grew its stake in shares of Knowles by 1.2% during the 4th quarter. Royal Bank of Canada now owns 53,002 shares of the communications equipment provider’s stock valued at $1,136,000 after acquiring an additional 638 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Knowles by 24.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,364 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 652 shares during the period. Finally, Choreo LLC grew its stake in shares of Knowles by 5.3% during the 4th quarter. Choreo LLC now owns 13,188 shares of the communications equipment provider’s stock valued at $285,000 after acquiring an additional 669 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KN. Robert W. Baird boosted their price objective on Knowles from $30.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a report on Friday, May 22nd. Finally, Craig Hallum reissued a “buy” rating and issued a $38.00 price target on shares of Knowles in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Insider Transactions at Knowles

In other news, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $37.32, for a total transaction of $753,901.32. Following the sale, the chief operating officer directly owned 175,855 shares of the company’s stock, valued at $6,562,908.60. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Air A. Jr. Bastarrica sold 3,623 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $30.91, for a total value of $111,986.93. Following the sale, the vice president directly owned 47,569 shares in the company, valued at $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 173,058 shares of company stock valued at $5,809,156 in the last ninety days. Corporate insiders own 2.24% of the company’s stock.

Knowles Stock Down 0.3%

NYSE KN opened at $40.22 on Thursday. The stock’s 50 day moving average is $34.38 and its 200 day moving average is $28.04. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. Knowles Corporation has a 12 month low of $16.94 and a 12 month high of $42.60. The stock has a market cap of $3.44 billion, a PE ratio of 62.84 and a beta of 1.60.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $153.10 million for the quarter, compared to analysts’ expectations of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. Research analysts predict that Knowles Corporation will post 0.94 EPS for the current fiscal year.

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.