Kennametal Inc. (NYSE:KMT) Director Timothy R. Mclevish sold 7,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $47.00, for a total transaction of $329,000.00. Following the sale, the director now owns 78,904 shares in the company, valued at approximately $3,708,488. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Kennametal Inc. (KMT) traded down $0.68 during trading on Wednesday, reaching $45.78. 835,600 shares of the company’s stock were exchanged, compared to its average volume of 904,275. Kennametal Inc. has a 1 year low of $31.12 and a 1 year high of $48.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.71 and a quick ratio of 1.41. The firm has a market capitalization of $3,765.50, a price-to-earnings ratio of 23.83, a P/E/G ratio of 2.20 and a beta of 1.98.

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

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

A number of analysts have weighed in on the stock. BMO Capital Markets restated a “hold” rating and issued a $45.00 target price on shares of Kennametal in a research report on Wednesday, August 23rd. ValuEngine lowered shares of Kennametal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet upgraded shares of Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Jefferies Group restated a “buy” rating and issued a $50.00 target price on shares of Kennametal in a research report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.23.

Several hedge funds have recently added to or reduced their stakes in KMT. Capstone Asset Management Co. raised its stake in shares of Kennametal by 4.9% during the second quarter. Capstone Asset Management Co. now owns 6,155 shares of the industrial products company’s stock valued at $230,000 after acquiring an additional 290 shares during the last quarter. Aperio Group LLC raised its stake in shares of Kennametal by 13.6% during the second quarter. Aperio Group LLC now owns 22,673 shares of the industrial products company’s stock valued at $848,000 after acquiring an additional 2,707 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Kennametal by 135.2% during the second quarter. Russell Investments Group Ltd. now owns 161,411 shares of the industrial products company’s stock valued at $6,039,000 after acquiring an additional 92,774 shares during the last quarter. ING Groep NV bought a new position in shares of Kennametal during the second quarter valued at $367,000. Finally, Strs Ohio raised its stake in shares of Kennametal by 5.9% during the second quarter. Strs Ohio now owns 9,000 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 500 shares during the last quarter. 98.67% of the stock is owned by hedge funds and other institutional investors.

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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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