Kennametal Inc. (NYSE:KMT – Get Free Report) has been given an average recommendation of “Reduce” by the five research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.00.
KMT has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Kennametal from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Loop Capital increased their price target on Kennametal from $24.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, November 19th. StockNews.com raised Kennametal from a “hold” rating to a “buy” rating in a report on Monday, January 27th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $32.00 in a report on Friday, December 6th. Finally, Barclays lowered their price target on Kennametal from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th.
Check Out Our Latest Stock Report on Kennametal
Insider Buying and Selling
Institutional Investors Weigh In On Kennametal
Institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in Kennametal in the 3rd quarter worth $30,000. Blue Trust Inc. increased its stake in 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 in the last quarter. GAMMA Investing LLC increased its stake in Kennametal by 45.9% in the 4th 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 in the last quarter. Headlands Technologies LLC increased its stake in Kennametal by 214.2% in the 4th quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company’s stock worth $51,000 after buying an additional 1,444 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Kennametal by 98.7% in the 3rd quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company’s stock worth $53,000 after buying an additional 1,008 shares in the last quarter.
Kennametal Stock Performance
Shares of KMT opened at $22.24 on Friday. The business’s fifty day simple moving average is $23.79 and its two-hundred day simple moving average is $25.40. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. Kennametal has a 12 month low of $20.50 and a 12 month high of $32.18. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 3.67 and a beta of 1.66.
Kennametal (NYSE:KMT – Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 EPS 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%. Research analysts anticipate that Kennametal will post 1.17 earnings per share for the current fiscal year.
Kennametal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.60%. Kennametal’s dividend payout ratio is currently 65.57%.
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.
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