Kennametal Inc. (NYSE:KMT) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $51.69.
A number of research analysts have recently weighed in on KMT shares. TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $60.00 price target on shares of Kennametal in a report on Thursday, January 18th. KeyCorp reiterated a “buy” rating and set a $56.00 price target on shares of Kennametal in a report on Wednesday, January 10th. ValuEngine upgraded Kennametal from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus boosted their target price on Kennametal from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Sunday, February 4th.
In other Kennametal news, VP Judith L. Bacchus sold 18,125 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $851,875.00. Following the transaction, the vice president now owns 38,528 shares in the company, valued at $1,810,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Mclevish sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the completion of the transaction, the director now owns 66,904 shares in the company, valued at approximately $3,211,392. The disclosure for this sale can be found here. Insiders sold 45,125 shares of company stock worth $2,140,875 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the business. Fortaleza Asset Management Inc. acquired a new stake in shares of Kennametal in the third quarter worth about $115,000. Hartford Investment Management Co. acquired a new stake in shares of Kennametal in the third quarter worth about $202,000. Trexquant Investment LP acquired a new stake in shares of Kennametal in the third quarter worth about $207,000. World Asset Management Inc acquired a new stake in shares of Kennametal in the third quarter worth about $207,000. Finally, Koch Industries Inc. acquired a new stake in shares of Kennametal in the second quarter worth about $211,000. 98.11% of the stock is owned by institutional investors.
Shares of Kennametal (KMT) traded down $0.01 during mid-day trading on Tuesday, hitting $42.59. The stock had a trading volume of 2,267,009 shares, compared to its average volume of 1,160,000. Kennametal has a twelve month low of $32.23 and a twelve month high of $52.52. The company has a quick ratio of 1.52, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3,450.00, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.94.
Kennametal (NYSE:KMT) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The business had revenue of $571.00 million for the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. analysts anticipate that Kennametal will post 2.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be paid a $0.20 dividend. The ex-dividend date is Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. Kennametal’s dividend payout ratio (DPR) is currently 45.45%.
Kennametal Company Profile
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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