Texas Permanent School Fund Corp grew its stake in shares of Knowles Co. (NYSE:KN – Free Report) by 33.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,818 shares of the communications equipment provider’s stock after purchasing an additional 20,676 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Knowles worth $1,391,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its stake in shares of Knowles by 496.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,515 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 1,261 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of Knowles by 265.4% during the 1st quarter. Ronald Blue Trust Inc. now owns 2,726 shares of the communications equipment provider’s stock valued at $45,000 after acquiring an additional 1,980 shares during the period. Federated Hermes Inc. bought a new stake in shares of Knowles during the 3rd quarter valued at $33,000. Captrust Financial Advisors raised its holdings in shares of Knowles by 65.5% during the 1st quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock worth $65,000 after buying an additional 1,188 shares in the last quarter. Finally, Ellevest Inc. raised its holdings in shares of Knowles by 130.1% during the 4th quarter. Ellevest Inc. now owns 4,161 shares of the communications equipment provider’s stock worth $68,000 after buying an additional 2,353 shares in the last quarter. Institutional investors and hedge funds own 97.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on KN shares. Susquehanna lowered their target price on Knowles from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd.
Knowles Stock Up 3.5 %
Insider Buying and Selling at Knowles
In other news, Director Cheryl L. Shavers sold 12,205 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $16.61, for a total value of $202,725.05. Following the sale, the director now directly owns 50,772 shares of the company’s stock, valued at approximately $843,322.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.65% of the company’s stock.
Knowles Company Profile
Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).
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