Kennametal Inc. (NYSE:KMT) Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the sale, the director now directly owns 29,693 shares in the company, valued at approximately $1,384,584.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kennametal Inc. (KMT) traded down $0.92 during mid-day trading on Tuesday, hitting $45.86. The stock had a trading volume of 1,134,998 shares, compared to its average volume of 819,312. The firm has a market cap of $3,700.00, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.95. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. Kennametal Inc. has a 1-year low of $29.02 and a 1-year high of $48.89.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.17. The business had revenue of $542.45 million during the quarter, compared to the consensus estimate of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. equities analysts forecast that Kennametal Inc. will post 2.4 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, November 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Kennametal’s payout ratio is 59.26%.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Kennametal Inc. (KMT) Director Sells 4,445 Shares of Stock” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/07/insider-selling-kennametal-inc-kmt-director-sells-4445-shares-of-stock.html.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fortaleza Asset Management Inc. acquired a new stake in Kennametal in the 3rd quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kennametal by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,556 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 272 shares in the last quarter. World Asset Management Inc acquired a new stake in Kennametal in the 3rd quarter valued at $207,000. Koch Industries Inc. acquired a new stake in Kennametal in the 2nd quarter valued at $211,000. Finally, Oakbrook Investments LLC increased its holdings in Kennametal by 2.6% in the 2nd quarter. Oakbrook Investments LLC now owns 5,950 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.

A number of equities research analysts recently issued reports on KMT shares. BidaskClub lowered Kennametal from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Wells Fargo & Company raised Kennametal from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $26.10 to $43.50 in a research note on Friday, August 4th. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating on shares of Kennametal in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co raised Kennametal from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $40.00 to $43.00 in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Kennametal currently has an average rating of “Hold” and an average target price of $45.23.

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)

Receive News & Stock Ratings for Kennametal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal Inc. and related stocks with our FREE daily email newsletter.