SCHEDULE 13G/A: Franklin Mutual Advisers Discloses 4.4% Passive Stake in Knowles Corporation

Franklin Mutual Advisers, LLC has filed an amended Schedule 13G, reporting a 4.4% beneficial ownership stake in Knowles Corporation as of March 31, 2025.

Summary

• Franklin Mutual Advisers, LLC (FMA) reported beneficial ownership of 3,890,460 shares of Knowles Corporation common stock.
• This ownership represents 4.4% of the class of securities, which is below the 5% threshold.
• FMA holds sole voting power over 3,672,116 shares and sole dispositive power over 3,890,460 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Knowles Corporation.
• FMA, an indirect wholly owned subsidiary of Franklin Resources, Inc. (FRI), exercises voting and investment powers independently from FRI and its other affiliates.
• Clients of FMA, including registered investment companies and other managed accounts, have the right to receive dividends and proceeds from the sale of these securities.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership without any qualitative statements about company performance, strategic direction, or outlook.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics for Knowles Corporation.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming no intent to influence control.

Key Dates

Keywords

Knowles Corporation, Franklin Mutual Advisers, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Adviser, Common Stock