11,770 Shares in Kennametal Inc. (NYSE:KMT) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Kennametal Inc. (NYSE:KMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,770 shares of the industrial products company's stock, valued at approximately $283,000.

A number of other large investors have also made changes to their positions in KMT. Wilmington Savings Fund Society FSB acquired a new position in Kennametal in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted 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 valued at $34,000 after purchasing an additional 716 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Kennametal by 45.9% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock worth $35,000 after buying an additional 459 shares during the period. KBC Group NV grew its holdings in shares of Kennametal by 50.3% during the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock valued at $80,000 after buying an additional 1,122 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in Kennametal during the third quarter valued at $230,000.

Kennametal Stock Down 1.7 %

Shares of Kennametal stock traded down $0.36 during trading on Friday, hitting $21.62. 703,920 shares of the stock traded hands, compared to its average volume of 819,078. The stock has a market cap of $1.67 billion, a P/E ratio of 17.72, a PEG ratio of 3.69 and a beta of 1.69. The company has a fifty day moving average price of $22.46 and a two-hundred day moving average price of $24.85. Kennametal Inc. has a twelve month low of $20.50 and a twelve month 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.

Kennametal (NYSE:KMT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share (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%. Equities research analysts predict that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Tuesday, February 11th. Kennametal's dividend payout ratio is presently 65.57%.

Insiders Place Their Bets

In related news, CEO Sanjay Chowbey purchased 10,000 shares of Kennametal stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 77,595 shares of the company's stock, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KMT shares. Morgan Stanley decreased 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. Jefferies Financial Group cut shares of Kennametal from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $32.00 in a report on Friday, December 6th. StockNews.com upgraded shares of Kennametal from a "hold" rating to a "buy" rating in a research note on Monday, January 27th. Finally, Barclays cut their target price on shares of Kennametal from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Kennametal currently has a consensus rating of "Hold" and a consensus price target of $26.40.

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.