Jump Financial LLC Acquires Shares of 46,394 Kennametal Inc. (NYSE:KMT)

Jump Financial LLC bought a new position in Kennametal Inc. (NYSE:KMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,394 shares of the industrial products company's stock, valued at approximately $1,114,000. Jump Financial LLC owned about 0.06% of Kennametal at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Kennametal by 45.9% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 459 shares during the period. Sei Investments Co. lifted its holdings in Kennametal by 1.8% during the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company's stock worth $831,000 after purchasing an additional 609 shares in the last quarter. Inspire Investing LLC boosted its stake in Kennametal by 3.8% in the 4th quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company's stock worth $445,000 after purchasing an additional 672 shares during the period. Blue Trust Inc. grew its holdings in Kennametal by 120.9% during 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 in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Kennametal by 10.5% during the fourth quarter. Bank of Montreal Can now owns 9,437 shares of the industrial products company's stock valued at $227,000 after buying an additional 898 shares during the period.

Insider Activity

In other news, CEO Sanjay Chowbey purchased 10,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of $21.75 per share, for a total transaction of $217,500.00. Following the purchase, the chief executive officer now directly owns 77,595 shares in the company, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.41% of the stock is owned by corporate insiders.

Kennametal Trading Down 0.9 %

NYSE KMT opened at $18.64 on Monday. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $32.18. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average price is $21.02 and its 200-day moving average price is $24.08. The stock has a market cap of $1.44 billion, a P/E ratio of 15.28, a P/E/G ratio of 3.69 and a beta of 1.55.

Kennametal (NYSE:KMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. Kennametal's dividend payout ratio is presently 65.57%.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.