American Century Companies Inc. Has $61.11 Million Stock Holdings in Kennametal Inc. (NYSE:KMT)

American Century Companies Inc. increased its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,543,973 shares of the industrial products company's stock after acquiring an additional 308,000 shares during the period. American Century Companies Inc. owned 3.27% of Kennametal worth $61,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KMT. Wilmington Savings Fund Society FSB acquired a new position in Kennametal during the third quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock valued at $34,000 after buying an additional 716 shares during the last quarter. GAMMA Investing LLC raised its holdings in Kennametal by 45.9% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock worth $35,000 after acquiring an additional 459 shares during the period. KBC Group NV lifted its position in Kennametal by 50.3% during the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock worth $80,000 after acquiring an additional 1,122 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in Kennametal during the third quarter valued at about $230,000.

Insider Buying and Selling at Kennametal

In related news, CEO Sanjay Chowbey acquired 10,000 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of $21.75 per share, with a total value of $217,500.00. Following the completion of the acquisition, the chief executive officer now owns 77,595 shares in the company, valued at $1,687,691.25. The trade was a 14.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.41% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMT. StockNews.com upgraded Kennametal from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Barclays dropped their price target on Kennametal from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Jefferies Financial Group cut Kennametal from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $32.00 in a research report on Friday, December 6th. Finally, Morgan Stanley dropped their target price on shares of Kennametal from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.40.

Kennametal Stock Performance

Shares of KMT stock traded down $0.36 during mid-day trading on Friday, reaching $21.62. The stock had a trading volume of 703,920 shares, compared to its average volume of 819,078. Kennametal Inc. has a one year low of $20.50 and a one year high of $32.18. The firm has a market cap of $1.67 billion, a PE ratio of 17.72, a P/E/G ratio of 3.69 and a beta of 1.69. The firm's 50 day simple moving average is $22.46 and its 200 day simple moving average is $24.85. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47.

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

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Tuesday, February 11th. Kennametal's dividend payout ratio is 65.57%.

Kennametal Profile

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.