WINTON GROUP Ltd Grows Position in Kennametal Inc. (NYSE:KMT)

WINTON GROUP Ltd lifted its position in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 196.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,421 shares of the industrial products company's stock after buying an additional 28,768 shares during the quarter. WINTON GROUP Ltd owned about 0.06% of Kennametal worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Kennametal during the third quarter valued at $30,000. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 716 shares in the last quarter. GAMMA Investing LLC grew its stake in 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. KBC Group NV grew its stake in Kennametal by 50.3% during the fourth 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 bought a new stake in Kennametal in the third quarter worth approximately $230,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Kennametal from a "buy" rating to a "hold" rating in a research report on Monday. Morgan Stanley decreased 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 note on Wednesday, February 12th. Barclays cut their price objective on shares of Kennametal from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Finally, Jefferies Financial Group lowered 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.40.

Remove Ads

Kennametal Stock Up 1.1 %

Shares of Kennametal stock traded up $0.23 during trading hours on Wednesday, reaching $21.64. The company's stock had a trading volume of 113,564 shares, compared to its average volume of 817,022. 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's fifty day simple moving average is $22.34 and its two-hundred day simple moving average is $24.79. The company has a market capitalization of $1.67 billion, a P/E ratio of 17.73, a P/E/G ratio of 3.69 and a beta of 1.55. Kennametal Inc. has a one year low of $20.50 and a one year high of $32.18.

Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.76% and a return on equity of 8.12%. On average, research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were given 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 dividend yield of 3.70%. Kennametal's dividend payout ratio is currently 65.57%.

Insider Transactions at Kennametal

In other Kennametal news, CEO Sanjay Chowbey purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average cost of $21.75 per share, with a total value of $217,500.00. Following the completion of the transaction, the chief executive officer now owns 77,595 shares of the company's stock, valued at $1,687,691.25. The trade was a 14.79 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.