Kennametal Inc. (NYSE:KMT) has earned a consensus rating of “Buy” from the twelve analysts that are presently covering the firm. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.50.
Several analysts have recently commented on KMT shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 target price on shares of Kennametal in a research report on Monday, February 6th. Bank of America Corp raised Kennametal from an “underperform” rating to a “neutral” rating and set a $36.00 target price for the company in a research report on Friday, January 13th. Zacks Investment Research cut Kennametal from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. JPMorgan Chase & Co. raised Kennametal from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $27.00 to $36.00 in a research report on Friday, February 3rd. Finally, Jefferies Group LLC raised their target price on Kennametal from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd.
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Kennametal (NYSE:KMT) opened at 38.54 on Tuesday. Kennametal has a 52-week low of $20.40 and a 52-week high of $39.94. The company’s 50-day moving average price is $37.85 and its 200 day moving average price is $32.79. The stock’s market capitalization is $3.09 billion.
Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, February 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $488 million for the quarter, compared to analysts’ expectations of $488.72 million. Kennametal had a positive return on equity of 9.14% and a negative net margin of 3.27%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that Kennametal will post $1.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. Kennametal’s payout ratio is -98.76%.
A number of hedge funds have recently added to or reduced their stakes in KMT. Tyers Asset Management LLC purchased a new stake in Kennametal during the fourth quarter worth about $124,000. First Bank & Trust purchased a new stake in Kennametal during the fourth quarter worth about $140,000. Flinton Capital Management LLC purchased a new stake in Kennametal during the fourth quarter worth about $151,000. LS Investment Advisors LLC boosted its stake in Kennametal by 7.3% in the third quarter. LS Investment Advisors LLC now owns 5,233 shares of the company’s stock worth $152,000 after buying an additional 355 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in Kennametal during the third quarter worth about $200,000. 99.15% of the stock is owned by hedge funds and other institutional investors.
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.
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