Systematic Financial Management LP trimmed its position in shares of Kennametal Inc. (NYSE:KMT) by 86.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,755 shares of the industrial products company’s stock after selling 129,015 shares during the period. Systematic Financial Management LP’s holdings in Kennametal were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortaleza Asset Management Inc. purchased a new stake in shares of Kennametal during the 3rd quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $133,000 after acquiring an additional 272 shares in the last quarter. World Asset Management Inc purchased a new stake in shares of Kennametal during the 3rd quarter worth approximately $207,000. Shelton Capital Management purchased a new stake in shares of Kennametal during the 2nd quarter worth approximately $229,000. Finally, Capstone Asset Management Co. raised its holdings in shares of Kennametal by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 6,155 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 290 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on KMT shares. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Jefferies Group upped their price objective on Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, October 4th. Credit Suisse Group upped their price objective on Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 price objective on shares of Kennametal in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Kennametal has an average rating of “Hold” and a consensus price target of $45.23.

Kennametal Inc. (KMT) traded down $0.04 during midday trading on Friday, hitting $46.58. The stock had a trading volume of 858,818 shares, compared to its average volume of 690,630. The company has a market cap of $3,778.47, a P/E ratio of 23.91, a P/E/G ratio of 2.21 and a beta of 1.98. 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 52-week low of $31.12 and a 52-week high of $48.89.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.17. The firm had revenue of $542.45 million for 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 company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. research analysts expect that Kennametal Inc. will post 2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, November 13th. Kennametal’s dividend payout ratio is currently 59.26%.

In other Kennametal news, Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total value of $207,270.35. Following the transaction, the director now owns 29,693 shares of the company’s stock, valued at approximately $1,384,584.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert J. Clemens sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.82, for a total value of $468,200.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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Kennametal 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.

Institutional Ownership by Quarter for Kennametal (NYSE:KMT)

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