Legal & General Group Plc Takes $8.70 Million Position in Knowles Corporation $KN

Legal & General Group Plc purchased a new position in shares of Knowles Corporation (NYSE:KN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 209,693 shares of the communications equipment provider’s stock, valued at approximately $8,698,000. Legal & General Group Plc owned 0.25% of Knowles at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KN. Millstone Evans Group LLC raised its position in Knowles by 212.9% during the first quarter. Millstone Evans Group LLC now owns 973 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 662 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Knowles by 94.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 895 shares in the last quarter. McMillan Office Inc. bought a new position in shares of Knowles in the 4th quarter valued at $39,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Knowles by 35.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,151 shares of the communications equipment provider’s stock worth $48,000 after buying an additional 304 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Knowles during the 1st quarter worth $51,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insiders Place Their Bets

In related news, Director Cheryl L. Shavers sold 6,618 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $39.27, for a total value of $259,888.86. Following the transaction, the director owned 35,723 shares in the company, valued at $1,402,842.21. The trade was a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raymond D. Cabrera sold 6,178 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.28, for a total transaction of $224,137.84. Following the sale, the senior vice president directly owned 127,945 shares in the company, valued at $4,641,844.60. This trade represents a 4.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.24% of the company’s stock.

Knowles Price Performance

Shares of KN opened at $34.35 on Wednesday. Knowles Corporation has a 1 year low of $20.57 and a 1 year high of $42.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.20 and a quick ratio of 1.75. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 44.61 and a beta of 1.59. The business has a 50-day moving average of $36.97 and a 200-day moving average of $33.28.

Knowles (NYSE:KN) last announced its earnings results on Thursday, July 23rd. The communications equipment provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $166.80 million for the quarter, compared to analysts’ expectations of $156.97 million. Knowles had a return on equity of 11.45% and a net margin of 10.63%.The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. Knowles has set its Q3 2026 guidance at 0.340-0.380 EPS. As a group, equities research analysts anticipate that Knowles Corporation will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

KN has been the topic of several research analyst reports. Robert W. Baird set a $44.00 price objective on Knowles in a research note on Friday, July 24th. Susquehanna increased their target price on shares of Knowles from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Weiss Ratings downgraded shares of Knowles from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research raised shares of Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Knowles from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Knowles presently has an average rating of “Moderate Buy” and a consensus target price of $40.67.

Knowles Profile

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.