Kennametal Inc. (NYSE:KMT) Stock Holdings Lifted by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its position in Kennametal Inc. (NYSE:KMT) by 43.5% during the first quarter, HoldingsChannel.com reports. The firm owned 19,664 shares of the industrial products company’s stock after buying an additional 5,964 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Kennametal were worth $490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Kennametal by 119.6% in the fourth quarter. Signaturefd LLC now owns 1,107 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 603 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Kennametal during the 1st quarter worth about $32,000. First United Bank & Trust bought a new stake in shares of Kennametal during the 4th quarter worth about $45,000. CWM LLC boosted its stake in shares of Kennametal by 191.1% during the 4th quarter. CWM LLC now owns 1,767 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 1,160 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Kennametal during the 4th quarter worth about $48,000.

Insider Activity at Kennametal

In other Kennametal news, CEO Sanjay Chowbey purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $24.28 per share, with a total value of $121,400.00. Following the acquisition, the chief executive officer now directly owns 49,270 shares of the company’s stock, valued at approximately $1,196,275.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on KMT shares. StockNews.com downgraded Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Loop Capital decreased their target price on Kennametal from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, June 21st. Finally, Barclays decreased their target price on Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $23.67.

Kennametal Stock Performance

Kennametal stock traded up $0.33 during trading hours on Friday, hitting $25.52. The stock had a trading volume of 541,847 shares, compared to its average volume of 641,741. The company has a 50-day moving average of $24.36 and a two-hundred day moving average of $24.50. The company has a quick ratio of 1.09, a current ratio of 2.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.01 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.40 and a beta of 1.66. Kennametal Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $30.60.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $515.80 million during the quarter, compared to analyst estimates of $518.50 million. Kennametal had a net margin of 5.29% and a return on equity of 9.35%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. On average, equities research analysts anticipate that Kennametal Inc. will post 1.45 EPS for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, May 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.13%. Kennametal’s dividend payout ratio is 59.26%.

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.