Kennametal Inc. (NYSE:KMT) Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP raised its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,573,638 shares of the industrial products company's stock after buying an additional 78,149 shares during the period. Brandes Investment Partners LP owned about 3.31% of Kennametal worth $61,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kennametal in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its position in shares of Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after purchasing an additional 716 shares during the period. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 459 shares during the period. KBC Group NV lifted its position in shares of Kennametal by 50.3% in the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock worth $80,000 after purchasing an additional 1,122 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Kennametal in the 3rd quarter worth approximately $230,000.

Kennametal Stock Up 1.5 %

NYSE:KMT traded up $0.33 during midday trading on Wednesday, reaching $21.71. 1,065,882 shares of the stock traded hands, compared to its average volume of 764,083. Kennametal Inc. has a 12-month low of $20.50 and a 12-month high of $32.18. The business has a 50-day moving average of $22.83 and a two-hundred day moving average of $25.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53. The stock has a market capitalization of $1.68 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 3.69 and a beta of 1.69.

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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 (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kennametal had a net margin of 4.76% and a return on equity of 8.12%. On average, equities analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business 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. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.69%. Kennametal's payout ratio is 65.57%.

Insider Buying and Selling at Kennametal

In related news, CEO Sanjay Chowbey purchased 10,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were acquired at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the purchase, the chief executive officer now owns 77,595 shares of the company's stock, valued at $1,687,691.25. This trade represents a 14.79 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Kennametal from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. StockNews.com raised shares of Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Loop Capital increased their target price on shares of Kennametal from $24.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, November 19th. Barclays set a $25.00 target price on shares of Kennametal and gave the company an "equal weight" rating in a research report on Monday, March 10th. Finally, Jefferies Financial Group cut shares of Kennametal from a "buy" rating to a "hold" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Friday, December 6th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.60.

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.