Kennametal (KMT) Getting Somewhat Positive Press Coverage, Accern Reports
Media coverage about Kennametal (NYSE:KMT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.7495587083526 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Kennametal To Attend Goldman Sachs Industrial Conference On November 14, 2017 (finance.yahoo.com)
- Calgon Carbon (CCC) Q3 Earnings Miss Estimates, Sales Beat (finance.yahoo.com)
- Robert J. Clemens Sells 10,000 Shares of Kennametal Inc. (KMT) Stock (americanbankingnews.com)
- Insider Selling: Kennametal Inc. (KMT) Director Sells 4,445 Shares of Stock (americanbankingnews.com)
- Q3 2018 Earnings Forecast for Kennametal Inc. Issued By Jefferies Group (KMT) (americanbankingnews.com)
Several brokerages have weighed in on KMT. Credit Suisse Group upped their target price on shares of Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Jefferies Group LLC upped their target price on shares of Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. TheStreet upgraded shares of Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. BMO Capital Markets restated a “hold” rating and set a $45.00 target price on shares of Kennametal in a research report on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.23.
Kennametal (KMT) traded up $0.15 during mid-day trading on Friday, hitting $44.28. 18,721 shares of the stock traded hands, compared to its average volume of 918,240. The firm has a market capitalization of $3,638.25, a price-to-earnings ratio of 23.02, a PEG ratio of 2.12 and a beta of 1.96. Kennametal has a twelve month low of $31.12 and a twelve month high of $48.89. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.63.
Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.17. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The firm had revenue of $542.45 million for the quarter, compared to analyst estimates of $516.80 million. During the same quarter last year, the business earned $0.11 earnings per share. Kennametal’s revenue was up 13.6% compared to the same quarter last year. sell-side analysts expect that Kennametal will post 2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, November 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. Kennametal’s dividend payout ratio (DPR) is currently 59.26%.
In other news, VP Charles Michael Jr. Byrnes bought 1,900 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $33.00 per share, for a total transaction of $62,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven H. Wunning sold 4,445 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now owns 29,693 shares in the company, valued at approximately $1,384,584.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,015 shares of company stock worth $695,563. 2.00% of the stock is owned by company insiders.
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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