Knowles Corp CFO John Anderson sells $1,813 in stock

John Anderson, the Senior Vice President and CFO of Knowles Corp (NYSE:KN), a $1.57 billion market cap company currently trading at $17.92, recently filed a Form 4 with the Securities and Exchange Commission, detailing several transactions involving the company’s common stock. According to InvestingPro analysis, the company currently trades above its Fair Value.

On February 18, Anderson reported a sale of 93 shares at a price of $19.50 each, totaling $1,813. This transaction was conducted through the company’s 401(k) plan, as Knowles Corp had eliminated its stock fund as an investment option.

In addition to the sale, Anderson acquired a total of 63,824 shares on the same day. This includes 35,442 restricted stock units granted under Knowles Corporation’s 2018 Equity and Cash Incentive Plan, which vest over three years, and 28,382 shares resulting from the settlement of performance share units. The total value of these acquisitions was approximately $520,525, with prices ranging from $0.0 to $18.34 per share.

Moreover, Anderson disposed of 12,006 shares at $18.34 each to cover tax liabilities, amounting to $220,190. Following these transactions, Anderson holds 247,879 shares directly. The company maintains strong financial health with a current ratio of 1.83, operating with moderate debt levels and liquid assets exceeding short-term obligations. Get deeper insights into insider trading patterns and comprehensive analysis with a InvestingPro subscription.

In other recent news, Knowles Corporation reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $0.27, slightly below the forecasted $0.28, and revenue of $142.5 million, missing the anticipated $146 million. Despite the quarterly miss, Knowles achieved a full-year revenue growth of 21% from continuing operations. The company also completed the sale of its consumer MEMS microphone business and secured a significant $75 million order in the energy sector. Looking forward, Knowles has provided revenue guidance for the first quarter of 2025 between $124 million and $134 million, with an EPS range of $0.16 to $0.20. The company expects a return to revenue and earnings growth in the second quarter of 2025. Additionally, Knowles has been focusing on niche markets, such as medtech and defense, which contributed to a 12% revenue CAGR over the past five years. Analysts from Craig Hallum have noted ongoing production challenges in the specialty film capacitor line, but company executives express confidence that these issues will be resolved by mid-2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.