Kennametal VP Sells $138,000 in Stock (KMT)
Kennametal (NYSE:KMT) VP Steven Hanna sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $46.00, for a total value of $138,000.00. Following the completion of the transaction, the vice president now directly owns 4,955 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Global Hunter Securities upgraded shares of Kennametal (NYSE:KMT) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, up previously from $37.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kennametal (NYSE:KMT) in a research note to investors on Tuesday, August 6th. They now have a $47.00 price target on the stock.
Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.83.
Shares of Kennametal (NYSE:KMT) traded up 0.22% on Friday, hitting $45.90. 521,363 shares of the company’s stock traded hands. Kennametal has a 52 week low of $33.95 and a 52 week high of $46.43. The stock has a 50-day moving average of $44. and a 200-day moving average of $41.0. The company has a market cap of $3.573 billion and a P/E ratio of 18.17.
Kennametal (NYSE:KMT) last released its earnings data on Thursday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $671.41 million for the quarter, compared to the consensus estimate of $678.92 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts predict that Kennametal will post $3.01 earnings per share for the current fiscal year.
Kennametal Inc (NYSE:KMT), is a supplier of tooling, engineered components and advanced materials consumed in production processes.
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