Dean Investment Associates LLC Raises Stake in Kennametal Inc. (NYSE:KMT)

Dean Investment Associates LLC lifted its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,046 shares of the industrial products company's stock after buying an additional 36,749 shares during the quarter. Dean Investment Associates LLC owned approximately 0.20% of Kennametal worth $3,676,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KMT. Arrowstreet Capital Limited Partnership lifted its position in shares of Kennametal by 32.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 469,202 shares of the industrial products company's stock worth $11,270,000 after purchasing an additional 115,718 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Kennametal by 45.9% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 459 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Kennametal during the fourth quarter worth approximately $373,000. AMH Equity Ltd purchased a new stake in shares of Kennametal during the 4th quarter worth approximately $1,441,000. Finally, Amundi raised its stake in Kennametal by 174.7% during the 4th quarter. Amundi now owns 40,359 shares of the industrial products company's stock worth $982,000 after acquiring an additional 25,666 shares in the last quarter.

Kennametal Price Performance

Shares of KMT traded up $0.43 during trading hours on Tuesday, reaching $19.01. The company had a trading volume of 224,704 shares, compared to its average volume of 856,366. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 3.69 and a beta of 1.55. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $32.18. The firm has a 50 day simple moving average of $20.95 and a 200-day simple moving average of $24.03. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47.

Kennametal (NYSE:KMT - Get Free Report) last posted 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%. Research analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Tuesday, February 11th. Kennametal's dividend payout ratio (DPR) is presently 65.57%.

Analyst Ratings Changes

Several research firms have commented on KMT. Barclays cut their price target on Kennametal from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley dropped their price target on Kennametal from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, StockNews.com cut Kennametal from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, Kennametal has an average rating of "Hold" and a consensus price target of $25.20.

Insider Buying and Selling

In other Kennametal news, CEO Sanjay Chowbey purchased 10,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average cost of $21.75 per share, for a total transaction of $217,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,595 shares of the company's stock, valued at $1,687,691.25. This trade represents a 14.79 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.41% of the company's stock.

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.