JPMorgan Chase & Co. downgraded shares of Kennametal (NYSE:KMT) from an overweight rating to a neutral rating in a research note published on Monday, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on KMT. Jefferies Group restated a buy rating and set a $50.00 price target on shares of Kennametal in a research report on Friday, October 20th. Stifel Nicolaus raised their price target on Kennametal from $50.00 to $52.00 and gave the company a hold rating in a research report on Sunday. KeyCorp restated a buy rating and set a $56.00 price target on shares of Kennametal in a research report on Wednesday, January 10th. Zacks Investment Research downgraded Kennametal from a buy rating to a hold rating in a research report on Thursday, February 1st. Finally, BMO Capital Markets restated a hold rating and set a $45.00 price target on shares of Kennametal in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $49.95.

Shares of Kennametal (NYSE:KMT) opened at $44.11 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 1.52. Kennametal has a 12-month low of $32.23 and a 12-month high of $52.52. The stock has a market capitalization of $3,570.00, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.07 and a beta of 1.94.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The business had revenue of $571.00 million during the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter last year, the business posted $0.24 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. analysts expect that Kennametal will post 2.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. Kennametal’s dividend payout ratio (DPR) is currently 45.45%.

In other news, Director Timothy R. Mclevish sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $47.00, for a total transaction of $329,000.00. Following the transaction, the director now directly owns 78,904 shares of the company’s stock, valued at $3,708,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy R. Mclevish sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the transaction, the director now directly owns 66,904 shares in the company, valued at $3,211,392. The disclosure for this sale can be found here. Insiders have sold 45,125 shares of company stock worth $2,140,875 over the last ninety days. Insiders own 2.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new position in shares of Kennametal during the third quarter valued at about $115,000. Hartford Investment Management Co. bought a new position in shares of Kennametal during the third quarter valued at about $202,000. World Asset Management Inc bought a new position in shares of Kennametal during the third quarter valued at about $207,000. Trexquant Investment LP bought a new position in shares of Kennametal during the third quarter valued at about $207,000. Finally, Koch Industries Inc. bought a new position in shares of Kennametal during the second quarter valued at about $211,000. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

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About Kennametal

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.

Analyst Recommendations for Kennametal (NYSE:KMT)

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