Systematic Financial Management LP Has $723,000 Stake in Kennametal Inc. (KMT)
Systematic Financial Management LP lessened its holdings in Kennametal Inc. (NYSE:KMT) by 28.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,925 shares of the industrial products company’s stock after selling 5,830 shares during the period. Systematic Financial Management LP’s holdings in Kennametal were worth $723,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kennametal by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,019 shares of the industrial products company’s stock worth $243,000 after buying an additional 1,463 shares in the last quarter. Granahan Investment Management Inc. MA increased its stake in Kennametal by 1.6% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 94,429 shares of the industrial products company’s stock worth $3,809,000 after buying an additional 1,477 shares in the last quarter. PEAK6 Investments L.P. increased its stake in Kennametal by 25.9% in the 3rd quarter. PEAK6 Investments L.P. now owns 7,673 shares of the industrial products company’s stock worth $310,000 after buying an additional 1,578 shares in the last quarter. Strs Ohio increased its stake in Kennametal by 23.5% in the 4th quarter. Strs Ohio now owns 10,500 shares of the industrial products company’s stock worth $508,000 after buying an additional 2,000 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Kennametal by 8.9% in the 3rd quarter. Aperio Group LLC now owns 24,701 shares of the industrial products company’s stock worth $996,000 after buying an additional 2,028 shares in the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.
In other Kennametal news, Director Timothy R. Mclevish sold 7,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $329,000.00. Following the completion of the transaction, the director now owns 78,904 shares of the company’s stock, valued at approximately $3,708,488. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Judith L. Bacchus sold 18,125 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $851,875.00. Following the transaction, the vice president now directly owns 38,528 shares of the company’s stock, valued at approximately $1,810,816. The disclosure for this sale can be found here. Insiders have sold a total of 45,125 shares of company stock valued at $2,140,875 in the last three months. Insiders own 2.00% of the company’s stock.
Kennametal Inc. (KMT) opened at $41.03 on Friday. Kennametal Inc. has a 1-year low of $32.23 and a 1-year high of $52.52. The company has a market cap of $3,324.93, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.91 and a beta of 2.01. The company has a current ratio of 2.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60.
Kennametal (NYSE:KMT) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The company had revenue of $571.00 million for the quarter, compared to the consensus estimate of $541.78 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. equities research analysts forecast that Kennametal Inc. will post 2.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Monday, February 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.45%.
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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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