Kennametal Inc. (NYSE:KMT) Position Increased by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in shares of Kennametal Inc. (NYSE:KMT) by 196.3% in the fourth quarter, HoldingsChannel reports. The firm owned 43,421 shares of the industrial products company’s stock after purchasing an additional 28,768 shares during the quarter. WINTON GROUP Ltd’s holdings in Kennametal were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in KMT. GAMMA Investing LLC boosted its holdings in shares of Kennametal by 45.9% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 459 shares during the period. Sei Investments Co. boosted its stake in Kennametal by 1.8% during the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 609 shares during the period. Inspire Investing LLC grew its position in Kennametal by 3.8% in the 4th quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 672 shares during the last quarter. Blue Trust Inc. grew its position in Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 716 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Kennametal by 50.3% in the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 1,122 shares during the period.

Kennametal Stock Performance

Shares of NYSE KMT opened at $21.62 on Friday. Kennametal Inc. has a 1 year low of $20.50 and a 1 year high of $32.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53. The stock has a fifty day moving average price of $22.46 and a two-hundred day moving average price of $24.84. The firm has a market cap of $1.67 billion, a P/E ratio of 17.72, a PEG ratio of 3.69 and a beta of 1.69.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. Research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.70%. Kennametal’s payout ratio is currently 65.57%.

Wall Street Analyst Weigh In

KMT has been the subject of several analyst reports. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $32.00 in a research report on Friday, December 6th. StockNews.com upgraded Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Barclays decreased their price target on Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Morgan Stanley cut their price objective on shares of Kennametal from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.40.

Insider Activity at Kennametal

In related news, CEO Sanjay Chowbey purchased 10,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were bought at an average price of $21.75 per share, with a total value of $217,500.00. Following the completion of the acquisition, the chief executive officer now owns 77,595 shares of the company’s stock, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.41% of the company’s stock.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.