Kennametal Inc. (NYSE:KMT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Kennametal Inc. (NYSE:KMT) by 120.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,308 shares of the industrial products company’s stock after acquiring an additional 716 shares during the quarter. Blue Trust Inc.’s holdings in Kennametal were worth $34,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Kennametal by 45.9% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 459 shares during the last quarter. Covestor Ltd boosted its stake in Kennametal by 14.4% during the 3rd quarter. Covestor Ltd now owns 3,753 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 472 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Kennametal by 3.8% during the fourth quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company’s stock worth $445,000 after buying an additional 672 shares in the last quarter. Signaturefd LLC raised its position in shares of Kennametal by 98.7% in the third quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company’s stock valued at $53,000 after buying an additional 1,008 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Kennametal by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 43,877 shares of the industrial products company’s stock worth $1,033,000 after buying an additional 1,016 shares in the last quarter.

Kennametal Trading Up 1.3 %

Shares of KMT stock opened at $22.26 on Monday. Kennametal Inc. has a 1-year low of $20.50 and a 1-year high of $32.18. The firm has a market cap of $1.73 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.57 and a beta of 1.66. The company has a 50-day moving average of $24.84 and a two-hundred day moving average of $25.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.16.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, analysts predict that Kennametal Inc. will post 1.18 EPS for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 3.59%. Kennametal’s dividend payout ratio is presently 65.57%.

Insider Buying and Selling

In other news, VP Franklin Cardenas sold 20,470 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $28.24, for a total value of $578,072.80. Following the sale, the vice president now directly owns 39,581 shares in the company, valued at approximately $1,117,767.44. This trade represents a 34.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John Wayne Witt sold 1,765 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $29.35, for a total value of $51,802.75. Following the completion of the transaction, the vice president now directly owns 1,642 shares in the company, valued at $48,192.70. This trade represents a 51.81 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMT shares. Barclays cut their price objective on shares of Kennametal from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Loop Capital lifted their price objective on Kennametal from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, November 19th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $32.00 in a report on Friday, December 6th. Bank of America lowered Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 price target on the stock. in a report on Friday, October 18th. Finally, StockNews.com raised shares of Kennametal from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.40.

Kennametal Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.