Knowles Corporation $KN Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in shares of Knowles Corporation (NYSE:KN) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,495 shares of the communications equipment provider’s stock after purchasing an additional 4,015 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.13% of Knowles worth $2,017,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Ariel Investments LLC increased its position in shares of Knowles by 3.9% in the 1st quarter. Ariel Investments LLC now owns 4,657,747 shares of the communications equipment provider’s stock worth $70,798,000 after purchasing an additional 174,549 shares during the last quarter. Wellington Management Group LLP grew its stake in Knowles by 3.7% in the first quarter. Wellington Management Group LLP now owns 2,592,223 shares of the communications equipment provider’s stock worth $39,402,000 after purchasing an additional 92,792 shares in the last quarter. Royce & Associates LP grew its stake in Knowles by 31.5% in the first quarter. Royce & Associates LP now owns 1,611,679 shares of the communications equipment provider’s stock worth $24,498,000 after purchasing an additional 386,155 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Knowles by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,220,236 shares of the communications equipment provider’s stock valued at $21,635,000 after buying an additional 70,078 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Knowles by 4.2% during the first quarter. Raymond James Financial Inc. now owns 851,752 shares of the communications equipment provider’s stock valued at $12,947,000 after buying an additional 34,042 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Trading Up 0.0%

Knowles stock opened at $23.60 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 50-day moving average price of $22.74 and a two-hundred day moving average price of $19.38. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 49.17 and a beta of 1.53. Knowles Corporation has a 52-week low of $12.19 and a 52-week high of $24.53.

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

Wall Street Analysts Forecast Growth

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

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).