Shares of Kennametal Inc. (NYSE:KMT) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.05.

Several equities research analysts have commented on KMT shares. Credit Suisse Group upped their target price on shares of Kennametal from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, October 4th. Jefferies Group reissued a “buy” rating and issued a $50.00 target price on shares of Kennametal in a report on Friday, October 20th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 target price on shares of Kennametal in a report on Friday, October 20th. Finally, TheStreet raised shares of Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd.

Shares of Kennametal (NYSE KMT) traded up $0.21 during trading hours on Monday, reaching $46.78. 1,403,700 shares of the company’s stock traded hands, compared to its average volume of 916,052. Kennametal has a 1 year low of $31.12 and a 1 year high of $48.91. 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 company has a market capitalization of $3,870.00, a P/E ratio of 23.98, a PEG ratio of 2.21 and a beta of 1.98.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were paid a $0.20 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.71%. Kennametal’s payout ratio is currently 59.26%.

In related news, Director Timothy R. Mclevish sold 7,000 shares of Kennametal stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $329,000.00. Following the sale, the director now directly owns 78,904 shares in the company, valued at approximately $3,708,488. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy R. Mclevish sold 20,000 shares of Kennametal stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $48.00, for a total transaction of $960,000.00. Following the sale, the director now owns 66,904 shares in the company, valued at $3,211,392. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,570 shares of company stock worth $2,816,345. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of KMT. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Kennametal by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,756 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 42 shares during the last quarter. Affinity Wealth Management boosted its stake in Kennametal by 1.5% in the 2nd quarter. Affinity Wealth Management now owns 8,780 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 130 shares during the period. PNC Financial Services Group Inc. boosted its stake in Kennametal by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 16,606 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 215 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Kennametal by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,434 shares of the industrial products company’s stock valued at $241,000 after buying an additional 250 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kennametal by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,556 shares of the industrial products company’s stock valued at $133,000 after buying an additional 272 shares during the period. 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.

Analyst Recommendations for Kennametal (NYSE:KMT)

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