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

Franklin Resources Inc. trimmed its holdings in shares of Knowles Corporation (NYSE:KN) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,623,684 shares of the communications equipment provider’s stock after selling 24,497 shares during the period. Franklin Resources Inc. owned about 0.05% of Knowles worth $81,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of KN. Envestnet Asset Management Inc. boosted its stake in shares of Knowles by 25.2% during the first quarter. Envestnet Asset Management Inc. now owns 40,620 shares of the communications equipment provider’s stock valued at $617,000 after purchasing an additional 8,175 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Knowles during the first quarter worth $214,000. Meeder Asset Management Inc. boosted its position in Knowles by 47.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider’s stock valued at $56,000 after acquiring an additional 1,184 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Knowles by 59.4% in the 1st quarter. XTX Topco Ltd now owns 36,836 shares of the communications equipment provider’s stock valued at $560,000 after acquiring an additional 13,722 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Knowles by 4.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,110 shares of the communications equipment provider’s stock worth $260,000 after acquiring an additional 759 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

Insider Activity at Knowles

In related news, CEO Jeffrey Niew sold 38,404 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 939,370 shares of the company’s stock, valued at approximately $22,122,163.50. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.54% of the company’s stock.

Knowles Stock Up 2.3%

KN opened at $21.82 on Tuesday. The company has a market cap of $1.86 billion, a PE ratio of 45.46 and a beta of 1.53. Knowles Corporation has a twelve month low of $12.19 and a twelve month high of $24.53. The company has a 50-day moving average price of $22.94 and a 200 day moving average price of $20.24. The company has a quick ratio of 1.19, a current ratio of 1.90 and a debt-to-equity ratio of 0.14.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KN. Craig Hallum set a $28.00 price objective on Knowles and gave the stock a “buy” rating 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 report on Saturday, September 13th. Robert W. Baird set a $30.00 price objective on shares of Knowles in a report on Friday, October 24th. Susquehanna upped 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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).