Azarias Capital Management L.P. Has $4.69 Million Stock Holdings in Kennametal Inc. (NYSE:KMT)

Azarias Capital Management L.P. trimmed its position in Kennametal Inc. (NYSE:KMT - Free Report) by 20.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,281 shares of the industrial products company's stock after selling 49,290 shares during the quarter. Kennametal makes up approximately 2.1% of Azarias Capital Management L.P.'s holdings, making the stock its 20th largest position. Azarias Capital Management L.P. owned 0.25% of Kennametal worth $4,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KMT. Sanctuary Advisors LLC bought a new stake in Kennametal during the second quarter valued at $451,000. SG Americas Securities LLC grew its position in shares of Kennametal by 74.6% during the 3rd quarter. SG Americas Securities LLC now owns 12,173 shares of the industrial products company's stock valued at $316,000 after buying an additional 5,202 shares during the last quarter. CWM LLC raised its stake in Kennametal by 40.3% during the third quarter. CWM LLC now owns 4,279 shares of the industrial products company's stock worth $111,000 after acquiring an additional 1,230 shares during the period. Inspire Advisors LLC acquired a new stake in Kennametal during the third quarter worth about $204,000. Finally, Signaturefd LLC lifted its holdings in Kennametal by 98.7% in the third quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company's stock worth $53,000 after acquiring an additional 1,008 shares during the last quarter.

Analyst Ratings Changes

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

Kennametal Price Performance

KMT traded up $0.05 on Monday, reaching $22.52. The company had a trading volume of 778,102 shares, compared to its average volume of 950,510. The company has a market capitalization of $1.75 billion, a P/E ratio of 18.46, a PEG ratio of 2.57 and a beta of 1.66. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $24.23 and a 200-day moving average of $25.48. Kennametal Inc. has a one year low of $20.50 and a one year high of $32.18.

Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts anticipate that Kennametal Inc. will post 1.18 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, February 11th. Kennametal's payout ratio is currently 65.57%.

Insider Activity

In other news, VP John Wayne Witt sold 1,765 shares of Kennametal stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $29.35, for a total value of $51,802.75. Following the transaction, the vice president now owns 1,642 shares of the company's stock, valued at $48,192.70. The trade was a 51.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Franklin Cardenas sold 20,470 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $28.24, for a total transaction of $578,072.80. Following the sale, the vice president now directly owns 39,581 shares of the company's stock, valued at approximately $1,117,767.44. This represents a 34.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.41% of the stock is owned by insiders.

Kennametal Company 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.