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Kennametal (NYSE:KMT) was downgraded by investment analysts at BB&T Corp. to a “hold” rating in a note issued to investors on Tuesday, Analyst Ratings.Net reports.

Kennametal (NYSE:KMT) opened at 43.70 on Tuesday. Kennametal has a 52-week low of $35.49 and a 52-week high of $52.37. The stock has a 50-day moving average of $47.76 and a 200-day moving average of $46.62. The company has a market cap of $3.435 billion and a price-to-earnings ratio of 19.84.

Kennametal (NYSE:KMT) last announced its earnings results on Friday, January 31st. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.08. The company had revenue of $690.00 million for the quarter, compared to the consensus estimate of $664.40 million. Analysts expect that Kennametal will post $2.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 26th. Investors of record on Tuesday, February 11th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 7th.

A number of other firms have also recently commented on KMT. Analysts at Zacks reiterated a “neutral” rating on shares of Kennametal in a research note on Monday, February 10th. They now have a $45.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Kennametal from a “neutral” rating to a “buy” rating in a research note on Monday, February 10th. Finally, analysts at Longbow Research downgraded shares of Kennametal from a “buy” rating to a “neutral” rating in a research note on Friday, January 31st. They now have a $56.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Kennametal presently has a consensus rating of “Hold” and a consensus price target of $50.78.

Kennametal Inc (NYSE:KMT), is a supplier of tooling, engineered components and advanced materials consumed in production processes.

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