California State Teachers Retirement System Cuts Position in Knowles Corporation (KN)

California State Teachers Retirement System reduced its stake in Knowles Corporation (NYSE:KN) by 9.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 141,096 shares of the communications equipment provider’s stock after selling 15,110 shares during the quarter. California State Teachers Retirement System’s holdings in Knowles were worth $2,155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KN. Dimensional Fund Advisors LP increased its stake in Knowles by 20.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,343,949 shares of the communications equipment provider’s stock valued at $66,332,000 after buying an additional 725,486 shares during the last quarter. BB&T Securities LLC increased its stake in Knowles by 5.1% in the 3rd quarter. BB&T Securities LLC now owns 90,997 shares of the communications equipment provider’s stock valued at $1,389,000 after buying an additional 4,386 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Knowles by 5.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 673,099 shares of the communications equipment provider’s stock valued at $10,279,000 after buying an additional 32,850 shares during the last quarter. Legal & General Group Plc increased its stake in Knowles by 5.3% in the 3rd quarter. Legal & General Group Plc now owns 72,813 shares of the communications equipment provider’s stock valued at $1,112,000 after buying an additional 3,651 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in Knowles by 2.9% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 456,800 shares of the communications equipment provider’s stock valued at $7,116,000 after buying an additional 12,845 shares during the last quarter.

KN has been the topic of several recent research reports. Lake Street Capital reiterated a “buy” rating and issued a $20.00 price target on shares of Knowles in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, October 24th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price target on shares of Knowles in a research note on Friday, October 27th. Finally, Piper Jaffray Companies initiated coverage on shares of Knowles in a research note on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.90.

Knowles Corporation (KN) opened at $16.29 on Wednesday. The firm has a market cap of $1,460.00, a PE ratio of -814.50, a PEG ratio of 2.19 and a beta of 0.76. Knowles Corporation has a 52 week low of $14.11 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 2.39.

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

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Knowles Profile

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).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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