Franklin Resources Inc. Has $156.49 Million Holdings in Knowles Co. (NYSE:KN)

Franklin Resources Inc. trimmed its holdings in Knowles Co. (NYSE:KN) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,852,040 shares of the communications equipment provider’s stock after selling 1,623,299 shares during the period. Franklin Resources Inc. owned 8.92% of Knowles worth $156,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Knowles by 46.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 669 shares in the last quarter. Blue Trust Inc. lifted its stake in Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after purchasing an additional 1,449 shares during the last quarter. KBC Group NV boosted its holdings in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after purchasing an additional 1,947 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Knowles in the 4th quarter valued at $194,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Knowles during the 4th quarter worth $201,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KN has been the subject of several research analyst reports. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Friday, February 14th. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

Knowles Stock Performance

NYSE:KN opened at $15.27 on Thursday. The stock’s 50-day moving average is $17.25 and its 200-day moving average is $18.23. Knowles Co. has a 1-year low of $14.89 and a 1-year high of $20.86. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.34 billion, a P/E ratio of -5.76 and a beta of 1.42.

Knowles (NYSE:KN) last posted its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $142.50 million for the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

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).