Shares of Kennametal Inc. (NYSE:KMT - Get Free Report) have been assigned a consensus rating of "Reduce" from the five analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.60.
Several brokerages recently weighed in on KMT. Barclays set a $25.00 price objective on shares of Kennametal and gave the stock an "equal weight" rating in a research note on Monday, March 10th. StockNews.com upgraded Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Morgan Stanley lowered their price objective on Kennametal from $28.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group cut Kennametal from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $32.00 in a report on Friday, December 6th.
Get Our Latest Research Report on KMT
Insiders Place Their Bets
In related news, CEO Sanjay Chowbey acquired 10,000 shares of Kennametal stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $21.75 per share, with a total value of $217,500.00. Following the transaction, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. This represents a 14.79 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.41% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kennametal
A number of large investors have recently bought and sold shares of the stock. Neo Ivy Capital Management acquired a new stake in shares of Kennametal in the 4th quarter valued at about $962,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kennametal by 24.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,536 shares of the industrial products company's stock worth $5,105,000 after purchasing an additional 41,163 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Kennametal by 1.4% in the 4th quarter. Voloridge Investment Management LLC now owns 640,162 shares of the industrial products company's stock worth $15,377,000 after purchasing an additional 8,753 shares in the last quarter. Vident Advisory LLC acquired a new stake in Kennametal in the 4th quarter valued at $487,000. Finally, Twinbeech Capital LP bought a new stake in Kennametal during the 4th quarter valued at $410,000.
Kennametal Price Performance
KMT stock traded down $0.05 during midday trading on Wednesday, reaching $21.58. 3,149,331 shares of the stock were exchanged, compared to its average volume of 775,715. Kennametal has a 52 week low of $20.50 and a 52 week high of $32.18. The company has a fifty day moving average price of $22.67 and a 200 day moving average price of $24.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.13. The stock has a market capitalization of $1.67 billion, a PE ratio of 17.69, a P/E/G ratio of 3.69 and a beta of 1.69.
Kennametal (NYSE:KMT - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Kennametal will post 1.17 EPS for the current fiscal year.
Kennametal Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 3.71%. Kennametal's dividend payout ratio is currently 65.57%.
About Kennametal
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Get Free ReportKennametal 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.
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