Shares of Kennametal Inc. (NYSE:KMT) have received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.09.

KMT has been the topic of several research reports. Zacks Investment Research lowered Kennametal from a “buy” rating to a “hold” rating in a research note on Thursday, April 13th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price (up previously from $45.00) on shares of Kennametal in a research note on Friday, April 14th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of Kennametal in a research note on Thursday, April 20th. Stifel Nicolaus increased their target price on Kennametal from $38.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Finally, Barrington Research increased their target price on Kennametal from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th.

In other Kennametal news, Director Philip A. Dur sold 7,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $40.01, for a total value of $280,070.00. Following the sale, the director now owns 22,024 shares of the company’s stock, valued at approximately $881,180.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Judith L. Bacchus sold 9,168 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $41.89, for a total value of $384,047.52. Following the completion of the sale, the vice president now directly owns 16,767 shares in the company, valued at approximately $702,369.63. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in Kennametal during the fourth quarter worth about $2,158,000. Norges Bank acquired a new stake in shares of Kennametal during the fourth quarter valued at $25,446,000. Quadrature Capital Ltd acquired a new stake in shares of Kennametal during the fourth quarter valued at $1,862,000. Teachers Advisors LLC raised its stake in shares of Kennametal by 333.3% in the fourth quarter. Teachers Advisors LLC now owns 606,301 shares of the industrial products company’s stock valued at $18,953,000 after buying an additional 466,365 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in shares of Kennametal by 79.2% in the fourth quarter. Highbridge Capital Management LLC now owns 100,875 shares of the industrial products company’s stock valued at $3,154,000 after buying an additional 44,571 shares during the period. 97.02% of the stock is currently owned by institutional investors.

Kennametal (KMT) traded down 1.56% during mid-day trading on Friday, hitting $37.86. The company had a trading volume of 637,486 shares. Kennametal has a 52-week low of $23.75 and a 52-week high of $43.09. The company has a 50-day moving average price of $39.04 and a 200 day moving average price of $38.06. The company’s market capitalization is $3.05 billion.

Kennametal (NYSE:KMT) last posted its earnings results on Tuesday, April 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. Kennametal had a positive return on equity of 11.59% and a negative net margin of 2.09%. The firm had revenue of $528.60 million for the quarter, compared to analyst estimates of $511.79 million. During the same quarter in the prior year, the company earned $0.37 EPS. Kennametal’s revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Kennametal will post $1.59 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Kennametal Inc. (KMT) Given Average Rating of “Hold” by Brokerages” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/21/kennametal-inc-kmt-given-average-rating-of-hold-by-brokerages.html.

About Kennametal

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.

Analyst Recommendations for Kennametal (NYSE:KMT)

Receive News & Ratings for Kennametal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal Inc. and related companies with MarketBeat.com's FREE daily email newsletter.