Kennametal Inc. (NYSE:KMT) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $42.00.
KMT has been the topic of a number of research reports. Goldman Sachs Group lowered shares of Micro Focus International from a “neutral” rating to a “sell” rating in a research report on Tuesday, July 16th. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Bank of America set a $10.00 target price on shares of HEXO and gave the stock a “buy” rating in a report on Thursday, June 13th. Barclays raised their price objective on shares of Stanley Black & Decker from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, KeyCorp reissued a “buy” rating and set a $65.00 target price on shares of Talend in a research report on Wednesday, May 8th.
In other news, Director Lawrence W. Stranghoener sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $31.98, for a total value of $223,860.00. Following the transaction, the director now owns 26,108 shares of the company’s stock, valued at $834,933.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMT. Manchester Capital Management LLC bought a new stake in shares of Kennametal during the 1st quarter worth approximately $29,000. Captrust Financial Advisors acquired a new position in shares of Kennametal in the 4th quarter valued at about $44,000. First Mercantile Trust Co. acquired a new position in shares of Kennametal in the 1st quarter valued at about $53,000. Dupont Capital Management Corp acquired a new position in Kennametal in the 1st quarter worth about $183,000. Finally, Meeder Asset Management Inc. raised its holdings in Kennametal by 6.5% in the 1st quarter. Meeder Asset Management Inc. now owns 5,412 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 98.90% of the company’s stock.
KMT stock traded up $0.26 on Tuesday, hitting $34.19. 703,861 shares of the company’s stock traded hands, compared to its average volume of 1,125,423. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.34 and a current ratio of 2.70. The firm has a market cap of $2.82 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.26 and a beta of 2.26. Kennametal has a 1-year low of $30.32 and a 1-year high of $45.10. The stock’s fifty day moving average is $33.84.
Kennametal (NYSE:KMT) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). The business had revenue of $597.20 million for the quarter, compared to analyst estimates of $626.27 million. Kennametal had a return on equity of 19.66% and a net margin of 10.28%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. On average, equities analysts expect that Kennametal will post 3.05 EPS for the current year.
Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure.
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