Barrow Hanley Mewhinney & Strauss LLC Purchases Shares of 1,444,942 Knowles Co. (NYSE:KN)

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Knowles Co. (NYSE:KN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,444,942 shares of the communications equipment provider’s stock, valued at approximately $28,798,000. Barrow Hanley Mewhinney & Strauss LLC owned 1.64% of Knowles as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KN shares. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Craig Hallum cut shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research note on Friday, February 14th.

Knowles Price Performance

Shares of KN stock opened at $15.36 on Monday. The stock’s fifty day simple moving average is $17.56 and its 200 day simple moving average is $18.28. Knowles Co. has a one year low of $14.36 and a one year high of $20.86. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -5.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23.

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 the consensus estimate of $0.23 by ($0.01). Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The firm had revenue of $142.50 million during the quarter.

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).