AMH Equity Ltd Takes $1.44 Million Position in Kennametal Inc. (NYSE:KMT)

AMH Equity Ltd acquired a new stake in Kennametal Inc. (NYSE:KMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 60,000 shares of the industrial products company's stock, valued at approximately $1,441,000. Kennametal accounts for 1.4% of AMH Equity Ltd's holdings, making the stock its 18th biggest holding. AMH Equity Ltd owned approximately 0.08% of Kennametal at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Kennametal during the third quarter worth $30,000. Blue Trust Inc. boosted its position in shares of Kennametal by 120.9% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after buying an additional 716 shares during the period. GAMMA Investing LLC lifted its position in Kennametal by 45.9% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock worth $35,000 after purchasing an additional 459 shares during the period. Signaturefd LLC increased its holdings in shares of Kennametal by 98.7% in the third quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company's stock valued at $53,000 after buying an additional 1,008 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Kennametal by 50.3% in the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock valued at $80,000 after buying an additional 1,122 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KMT. StockNews.com raised Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Barclays lowered their price target on Kennametal from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Morgan Stanley lowered their price objective on Kennametal from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group downgraded Kennametal from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $32.00 in a report on Friday, December 6th. Finally, Loop Capital upped their price objective on Kennametal from $24.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Kennametal presently has a consensus rating of "Hold" and a consensus target price of $27.00.

Insider Buying and Selling

In other Kennametal news, CEO Sanjay Chowbey bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were purchased at an average cost of $21.75 per share, for a total transaction of $217,500.00. Following the purchase, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Franklin Cardenas sold 20,470 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $28.24, for a total value of $578,072.80. Following the sale, the vice president now owns 39,581 shares in the company, valued at approximately $1,117,767.44. The trade was a 34.09 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by insiders.

Kennametal Stock Up 0.8 %

KMT stock traded up $0.19 during trading on Friday, reaching $22.11. The stock had a trading volume of 1,340,857 shares, compared to its average volume of 1,025,078. Kennametal Inc. has a one year low of $20.50 and a one year high of $32.18. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $23.44 and its two-hundred day moving average is $25.33. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 3.69 and a beta of 1.66.

Kennametal (NYSE:KMT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. Equities research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.62%. Kennametal's dividend payout ratio is presently 65.57%.

About Kennametal

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.