Strs Ohio Sells 7,400 Shares of Knowles Co. (NYSE:KN)

Strs Ohio decreased its holdings in Knowles Co. (NYSE:KN) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,200 shares of the communications equipment provider’s stock after selling 7,400 shares during the quarter. Strs Ohio owned approximately 0.05% of Knowles worth $827,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KN. Louisiana State Employees Retirement System bought a new stake in Knowles during the fourth quarter valued at $810,000. Allspring Global Investments Holdings LLC boosted its position in Knowles by 220.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 684,057 shares of the communications equipment provider’s stock valued at $12,251,000 after acquiring an additional 470,376 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Knowles during the fourth quarter valued at $4,083,000. Nordea Investment Management AB boosted its position in Knowles by 81.9% during the fourth quarter. Nordea Investment Management AB now owns 339,021 shares of the communications equipment provider’s stock valued at $6,096,000 after acquiring an additional 152,626 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Knowles by 3.6% during the third quarter. Vanguard Group Inc. now owns 11,991,982 shares of the communications equipment provider’s stock valued at $177,601,000 after acquiring an additional 419,939 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Insider Buying and Selling

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total value of $174,070.00. Following the completion of the sale, the senior vice president now owns 94,870 shares in the company, valued at approximately $1,603,303. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KN shares. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. TheStreet raised shares of Knowles from a “d+” rating to a “c-” rating in a research report on Tuesday, January 2nd.

Knowles Price Performance

KN stock opened at $16.14 on Thursday. The stock has a market capitalization of $1.45 billion, a PE ratio of 20.43 and a beta of 1.49. The company’s 50-day moving average is $15.99 and its 200-day moving average is $16.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.61 and a quick ratio of 1.41. Knowles Co. has a 1 year low of $12.78 and a 1 year high of $18.48.

Knowles (NYSE:KN) last posted its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Knowles had a net margin of 10.23% and a return on equity of 5.28%. The company had revenue of $215.20 million for the quarter.

Knowles Profile

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).