Kennametal Inc. (NYSE:KMT) VP Judith L. Bacchus sold 18,125 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $851,875.00. Following the sale, the vice president now directly owns 38,528 shares of the company’s stock, valued at $1,810,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Kennametal Inc. (NYSE:KMT) traded down $0.68 during mid-day trading on Wednesday, hitting $45.78. The stock had a trading volume of 835,600 shares, compared to its average volume of 904,275. Kennametal Inc. has a twelve month low of $31.12 and a twelve month high of $48.89. The stock has a market capitalization of $3,765.50, a PE ratio of 23.83, a P/E/G ratio of 2.20 and a beta of 1.98. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The business had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. During the same quarter last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. analysts forecast that Kennametal Inc. will post 2.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, November 13th. Kennametal’s dividend payout ratio is currently 59.26%.

KMT has been the subject of a number of recent analyst reports. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Jefferies Group raised their target price on Kennametal from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, October 4th. ValuEngine downgraded Kennametal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price on shares of Kennametal in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.23.

Several hedge funds have recently made changes to their positions in KMT. Capstone Asset Management Co. increased its position in shares of Kennametal by 4.9% in the second quarter. Capstone Asset Management Co. now owns 6,155 shares of the industrial products company’s stock valued at $230,000 after buying an additional 290 shares in the last quarter. Aperio Group LLC increased its position in Kennametal by 13.6% during the 2nd quarter. Aperio Group LLC now owns 22,673 shares of the industrial products company’s stock worth $848,000 after purchasing an additional 2,707 shares in the last quarter. Russell Investments Group Ltd. increased its position in Kennametal by 135.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 161,411 shares of the industrial products company’s stock worth $6,039,000 after purchasing an additional 92,774 shares in the last quarter. ING Groep NV purchased a new stake in Kennametal during the 2nd quarter worth about $367,000. Finally, Strs Ohio increased its position in Kennametal by 5.9% during the 2nd quarter. Strs Ohio now owns 9,000 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 98.67% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Kennametal (NYSE:KMT)

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