Gamco Investors INC. ET AL Sells 32,423 Shares of Knowles Corporation $KN

Gamco Investors INC. ET AL trimmed its holdings in Knowles Corporation (NYSE:KN) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,034 shares of the communications equipment provider’s stock after selling 32,423 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Knowles were worth $1,951,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KN. Osaic Holdings Inc. raised its holdings in shares of Knowles by 94.5% in the second quarter. Osaic Holdings Inc. now owns 1,842 shares of the communications equipment provider’s stock valued at $31,000 after buying an additional 895 shares during the last quarter. Torren Management LLC bought a new position in shares of Knowles in the fourth quarter valued at about $43,000. NBC Securities Inc. bought a new position in shares of Knowles in the fourth quarter valued at about $52,000. Danske Bank A S raised its holdings in shares of Knowles by 600.0% in the fourth quarter. Danske Bank A S now owns 3,500 shares of the communications equipment provider’s stock valued at $75,000 after buying an additional 3,000 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of Knowles in the third quarter valued at about $105,000. 96.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KN shares. Zacks Research raised Knowles from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird boosted their price objective on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Craig Hallum reissued a “buy” rating and set a $38.00 price objective on shares of Knowles in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Insider Transactions at Knowles

In other news, VP Air A. Jr. Bastarrica sold 3,623 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $30.91, for a total transaction of $111,986.93. Following the completion of the transaction, the vice president directly owned 47,569 shares in the company, valued at approximately $1,470,357.79. The trade was a 7.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Niew sold 142,857 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $33.25, for a total value of $4,749,995.25. Following the transaction, the chief executive officer owned 883,719 shares of the company’s stock, valued at $29,383,656.75. The trade was a 13.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 169,500 shares of company stock worth $5,520,894. 2.24% of the stock is currently owned by company insiders.

Knowles Price Performance

Knowles stock opened at $35.28 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 55.12 and a beta of 1.56. Knowles Corporation has a 1 year low of $16.09 and a 1 year high of $37.08. The business has a 50-day moving average of $29.38 and a 200-day moving average of $25.84. The company has a current ratio of 3.27, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $153.10 million during the quarter, compared to analyst estimates of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities analysts anticipate that Knowles Corporation will post 0.94 EPS for the current year.

About Knowles

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.