Barrow Hanley Mewhinney & Strauss LLC Sells 83,730 Shares of Kennametal Inc. (NYSE:KMT)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,950,197 shares of the industrial products company's stock after selling 83,730 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.51% of Kennametal worth $46,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KMT. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kennametal during the third quarter worth about $30,000. Blue Trust Inc. grew its position in shares of Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after buying an additional 716 shares during the last quarter. GAMMA Investing LLC increased its stake 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 valued at $35,000 after buying an additional 459 shares during the period. KBC Group NV lifted its stake in Kennametal by 50.3% in the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock worth $80,000 after acquiring an additional 1,122 shares during the period. Finally, Centiva Capital LP bought a new stake in Kennametal in the third quarter valued at $230,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KMT shares. Jefferies Financial Group lowered shares of Kennametal from a "buy" rating to a "hold" rating and cut their target price for the company from $40.00 to $32.00 in a research note on Friday, December 6th. Morgan Stanley reduced their target price on Kennametal from $28.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. StockNews.com cut Kennametal from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Barclays reduced their price target on Kennametal from $25.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Kennametal presently has an average rating of "Hold" and a consensus price target of $26.40.

Insider Activity

In other news, CEO Sanjay Chowbey acquired 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, for a total transaction of $217,500.00. Following the acquisition, the chief executive officer now directly owns 77,595 shares in the company, valued at approximately $1,687,691.25. The trade was a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.41% of the company's stock.

Kennametal Stock Down 3.7 %

Shares of Kennametal stock traded down $0.73 during midday trading on Friday, hitting $19.10. The company had a trading volume of 1,282,590 shares, compared to its average volume of 827,045. Kennametal Inc. has a 52-week low of $18.61 and a 52-week high of $32.18. 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 has a market capitalization of $1.48 billion, a P/E ratio of 15.66, a P/E/G ratio of 3.69 and a beta of 1.55. The company has a 50 day moving average of $22.11 and a 200 day moving average of $24.70.

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

Kennametal Announces Dividend

The company also recently announced 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 was Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. Kennametal's dividend payout ratio 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.