Bogle Investment Management L P DE purchased a new stake in Kennametal Inc. (NYSE:KMT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 35,701 shares of the industrial products company’s stock, valued at approximately $1,728,000.

Other large investors also recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new position in shares of Kennametal in the 3rd quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kennametal by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,019 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 1,463 shares during the period. Trexquant Investment LP purchased a new position in shares of Kennametal in the 3rd quarter valued at $207,000. World Asset Management Inc purchased a new position in shares of Kennametal in the 3rd quarter valued at $207,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Kennametal in the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 98.70% of the company’s stock.

Kennametal Inc. (KMT) opened at $41.03 on Monday. Kennametal Inc. has a one year low of $32.23 and a one year high of $52.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77. The firm has a market capitalization of $3,350.00, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.92 and a beta of 2.01.

Kennametal (NYSE:KMT) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. analysts predict that Kennametal Inc. will post 2.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.80 annualized dividend and a yield of 1.95%. Kennametal’s payout ratio is presently 44.20%.

A number of research analysts have recently issued reports on the company. Barclays assumed coverage on Kennametal in a report on Thursday, February 15th. They issued an “equal weight” rating and a $47.00 price target on the stock. ValuEngine downgraded Kennametal from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Barrington Research restated an “outperform” rating and set a $53.00 target price on shares of Kennametal in a research note on Thursday, February 8th. JPMorgan Chase & Co. downgraded Kennametal from an “overweight” rating to a “neutral” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus boosted their target price on Kennametal from $50.00 to $52.00 and gave the stock a “hold” rating in a research note on Sunday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.95.

In other Kennametal news, Director Timothy R. Mclevish sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $48.00, for a total transaction of $960,000.00. Following the sale, the director now owns 66,904 shares in the company, valued at approximately $3,211,392. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Kennametal (NYSE:KMT)

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