Keeley Teton Advisors LLC Sells 26,235 Shares of Knowles Corporation (KN)

Keeley Teton Advisors LLC cut its stake in shares of Knowles Corporation (NYSE:KN) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468,570 shares of the communications equipment provider’s stock after selling 26,235 shares during the quarter. Knowles accounts for 1.2% of Keeley Teton Advisors LLC’s portfolio, making the stock its 26th largest holding. Keeley Teton Advisors LLC owned 1.64% of Knowles worth $22,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KN. Janus Henderson Group PLC bought a new stake in shares of Knowles during the 2nd quarter worth $181,842,000. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 27.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,618,463 shares of the communications equipment provider’s stock worth $61,225,000 after acquiring an additional 781,379 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Knowles by 53.6% during the 2nd quarter. Northern Trust Corp now owns 2,152,618 shares of the communications equipment provider’s stock worth $36,423,000 after acquiring an additional 751,386 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Knowles by 125.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 803,070 shares of the communications equipment provider’s stock worth $13,588,000 after acquiring an additional 446,879 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Knowles during the 3rd quarter worth $4,447,000.

Shares of Knowles Corporation (NYSE:KN) traded down $0.29 during trading on Friday, hitting $14.40. The stock had a trading volume of 767,100 shares, compared to its average volume of 802,715. The firm has a market capitalization of $1,314.29, a PE ratio of 21.60, a PEG ratio of 2.37 and a beta of 0.76. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Knowles Corporation has a 1-year low of $14.11 and a 1-year high of $19.90.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million during the quarter, compared to analyst estimates of $220.62 million. During the same period last year, the company earned $0.37 earnings per share. Knowles’s quarterly revenue was down 8.8% compared to the same quarter last year. research analysts anticipate that Knowles Corporation will post 0.62 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $20.00 target price on shares of Knowles in a research report on Monday, November 20th. Zacks Investment Research raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, October 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Knowles in a research report on Friday, October 27th. Finally, BidaskClub raised Knowles from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.00.

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About Knowles

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).

Institutional Ownership by Quarter for Knowles (NYSE:KN)

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