Franklin Resources Inc. Sells 24,497 Shares of Knowles Corporation $KN

Franklin Resources Inc. lessened its holdings in Knowles Corporation (NYSE:KN) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,623,684 shares of the communications equipment provider’s stock after selling 24,497 shares during the period. Franklin Resources Inc. owned approximately 5.38% of Knowles worth $81,469,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Knowles in the 1st quarter worth about $533,000. Hsbc Holdings PLC increased its stake in Knowles by 9.6% during the first quarter. Hsbc Holdings PLC now owns 16,095 shares of the communications equipment provider’s stock worth $244,000 after acquiring an additional 1,415 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Knowles during the second quarter worth approximately $278,000. First Hawaiian Bank raised its position in Knowles by 118.1% during the first quarter. First Hawaiian Bank now owns 34,007 shares of the communications equipment provider’s stock valued at $517,000 after purchasing an additional 18,415 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Knowles by 39.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 71,984 shares of the communications equipment provider’s stock valued at $1,268,000 after purchasing an additional 20,441 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Stock Up 2.3%

Shares of KN opened at $21.82 on Tuesday. The firm has a fifty day moving average price of $22.94 and a 200-day moving average price of $20.24. The company has a current ratio of 1.90, a quick ratio of 1.19 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.86 billion, a P/E ratio of 45.46 and a beta of 1.53. Knowles Corporation has a 12-month low of $12.19 and a 12-month high of $24.53.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, October 23rd. The communications equipment provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $149.08 million. Knowles had a net margin of 7.27% and a return on equity of 8.98%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. Knowles has set its Q4 2025 guidance at 0.330-0.370 EPS.

Wall Street Analysts Forecast Growth

KN has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Knowles in a report on Wednesday, November 19th. Craig Hallum set a $28.00 price objective on shares of Knowles and gave the company a “buy” rating in a research report on Friday, October 24th. Robert W. Baird set a $30.00 target price on shares of Knowles in a research note on Friday, October 24th. Wall Street Zen raised shares of Knowles from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. Finally, Susquehanna increased their price objective on shares of Knowles from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Knowles currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Buying and Selling at Knowles

In related news, CEO Jeffrey Niew sold 38,404 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $23.55, for a total value of $904,414.20. Following the completion of the sale, the chief executive officer owned 939,370 shares in the company, valued at approximately $22,122,163.50. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.54% of the company’s stock.

About Knowles

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).