Fuller & Thaler Asset Management Inc. Has $34.11 Million Stock Position in Kennametal Inc. (NYSE:KMT)

Fuller & Thaler Asset Management Inc. cut its holdings in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,420,115 shares of the industrial products company's stock after selling 13,538 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.83% of Kennametal worth $34,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Kennametal in the third quarter valued at approximately $30,000. Blue Trust Inc. increased its holdings in shares of Kennametal by 120.9% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after acquiring an additional 716 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kennametal by 45.9% during 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. Headlands Technologies LLC lifted its holdings in shares of Kennametal by 214.2% during the 4th quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Kennametal by 801.8% during the 4th quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company's stock worth $59,000 after buying an additional 2,181 shares during the period.

Insider Buying and Selling

In other news, CEO Sanjay Chowbey purchased 10,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was purchased at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the acquisition, the chief executive officer now owns 77,595 shares in the company, valued at $1,687,691.25. This trade represents a 14.79 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMT. Barclays reduced their price objective on Kennametal from $24.00 to $22.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Morgan Stanley decreased their target price on shares of Kennametal from $24.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, StockNews.com downgraded shares of Kennametal from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Kennametal currently has an average rating of "Hold" and an average price target of $25.20.

Kennametal Price Performance

Shares of KMT traded down $0.10 during midday trading on Monday, hitting $19.34. The company's stock had a trading volume of 794,307 shares, compared to its average volume of 863,827. 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 stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 3.69 and a beta of 1.55. Kennametal Inc. has a one year low of $17.30 and a one year high of $32.18. The company's fifty day simple moving average is $20.69 and its two-hundred day simple moving average is $23.88.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.25 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%. As a group, equities analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were given a $0.20 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.14%. Kennametal's dividend payout ratio (DPR) 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.