Grace & White Inc. NY lowered its position in Kimball Electronics, Inc. (NASDAQ:KE) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,598 shares of the electronics maker’s stock after selling 5,221 shares during the period. Grace & White Inc. NY owned about 0.16% of Kimball Electronics worth $944,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Kimball Electronics by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,295,943 shares of the electronics maker’s stock valued at $38,916,000 after purchasing an additional 65,669 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kimball Electronics by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,176,252 shares of the electronics maker’s stock valued at $21,231,000 after purchasing an additional 31,106 shares during the last quarter. State Street Corp boosted its holdings in shares of Kimball Electronics by 8.6% during the 2nd quarter. State Street Corp now owns 598,524 shares of the electronics maker’s stock valued at $10,804,000 after purchasing an additional 47,269 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Kimball Electronics by 280.4% during the 2nd quarter. LSV Asset Management now owns 491,983 shares of the electronics maker’s stock valued at $8,880,000 after purchasing an additional 362,655 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Kimball Electronics by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 430,495 shares of the electronics maker’s stock valued at $7,296,000 after purchasing an additional 27,752 shares during the last quarter. 55.07% of the stock is owned by institutional investors.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, November 1st. The electronics maker reported $0.31 earnings per share (EPS) for the quarter. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.24%. The business had revenue of $253.20 million for the quarter.

Kimball Electronics announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 24th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 42% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several research analysts have commented on the stock. ValuEngine downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Friday, September 15th.

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Kimball Electronics Company Profile

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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