Kennametal (KMT) Getting Somewhat Favorable Media Coverage, Report Finds
Press coverage about Kennametal (NYSE:KMT) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennametal earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.5077166174481 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Kennametal in a research report on Wednesday, August 23rd. BidaskClub downgraded Kennametal from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Jefferies Group restated a “buy” rating and set a $50.00 price objective on shares of Kennametal in a research report on Thursday, September 21st. Wells Fargo & Company upgraded Kennametal from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $26.10 to $43.50 in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co upgraded Kennametal from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $43.00 in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.23.
Shares of Kennametal (NYSE KMT) traded down $0.31 on Wednesday, reaching $45.39. The company’s stock had a trading volume of 510,700 shares, compared to its average volume of 904,492. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.71 and a quick ratio of 1.41. The firm has a market cap of $3,670.00, a P/E ratio of 22.89, a PEG ratio of 2.11 and a beta of 1.95. Kennametal has a 52 week low of $31.12 and a 52 week high of $48.89.
Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.17. The company had revenue of $542.45 million during the quarter, compared to the consensus estimate of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. Kennametal’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. research analysts anticipate that Kennametal will post 2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th will be issued a $0.20 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.80 annualized dividend and a yield of 1.76%. Kennametal’s dividend payout ratio (DPR) is presently 59.26%.
In other news, VP Robert J. Clemens sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.82, for a total transaction of $468,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven H. Wunning sold 4,445 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now directly owns 29,693 shares of the company’s stock, valued at $1,384,584.59. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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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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