Kennametal Inc. (NYSE:KMT) – Equities researchers at Barrington Research issued their FY2018 earnings per share estimates for Kennametal in a note issued to investors on Thursday. Barrington Research analyst M. Gall anticipates that the industrial products company will earn $2.48 per share for the year. Barrington Research currently has a “Outperform” rating and a $53.00 target price on the stock.

Several other equities research analysts have also recently weighed in on KMT. ValuEngine cut shares of Kennametal from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on shares of Kennametal from $50.00 to $52.00 and gave the stock a “hold” rating in a research report on Sunday, February 4th. JPMorgan Chase & Co. cut shares of Kennametal from an “overweight” rating to a “neutral” rating in a research report on Monday, February 5th. Zacks Investment Research cut shares of Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, Bank of America boosted their price objective on shares of Kennametal from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $50.25.

Shares of Kennametal (NYSE KMT) traded up $0.41 on Monday, reaching $43.41. 543,091 shares of the company traded hands, compared to its average volume of 1,210,000. Kennametal has a 12 month low of $32.23 and a 12 month high of $52.52. The company has a market capitalization of $3,510.00, a PE ratio of 23.98, a PEG ratio of 1.99 and a beta of 1.94. 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 (NYSE:KMT) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing the 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 the consensus estimate of $541.78 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, February 12th. Kennametal’s dividend payout ratio (DPR) is 44.20%.

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

Several institutional investors and hedge funds have recently modified their holdings of KMT. Wells Fargo & Company MN boosted its stake in shares of Kennametal by 11.7% during the second quarter. Wells Fargo & Company MN now owns 86,507 shares of the industrial products company’s stock valued at $3,238,000 after purchasing an additional 9,072 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Kennametal by 24.2% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 15,400 shares of the industrial products company’s stock worth $576,000 after acquiring an additional 3,000 shares during the period. Voya Investment Management LLC lifted its stake in Kennametal by 28.1% in the second quarter. Voya Investment Management LLC now owns 35,940 shares of the industrial products company’s stock worth $1,345,000 after acquiring an additional 7,874 shares during the period. Stifel Financial Corp purchased a new stake in Kennametal in the second quarter worth about $295,000. Finally, Royal Bank of Canada lifted its stake in Kennametal by 43.2% in the second quarter. Royal Bank of Canada now owns 26,814 shares of the industrial products company’s stock worth $1,005,000 after acquiring an additional 8,090 shares during the period. 98.47% of the stock is owned by hedge funds and other institutional investors.

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Kennametal Company Profile

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.

Earnings History and Estimates for Kennametal (NYSE:KMT)

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