Analysts at Barclays assumed coverage on shares of Kennametal (NYSE:KMT) in a research note issued on Thursday, The Fly reports. The firm set an “equal weight” rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the company. TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $60.00 target price on shares of Kennametal in a research report on Thursday, January 18th. KeyCorp reiterated a “buy” rating and set a $56.00 target price on shares of Kennametal in a research report on Wednesday, January 10th. ValuEngine upgraded Kennametal from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research cut Kennametal from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.25.

Shares of Kennametal (NYSE:KMT) opened at $43.87 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77. Kennametal has a 1 year low of $32.23 and a 1 year high of $52.52. The stock has a market capitalization of $3,507.66, a PE ratio of 24.93, a P/E/G ratio of 2.01 and a beta of 1.95.

Kennametal (NYSE:KMT) last released its earnings results on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The business had revenue of $571.00 million for the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. analysts forecast that Kennametal will post 2.57 EPS for the current fiscal year.

In other Kennametal news, Director Timothy R. Mclevish sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $48.00, for a total transaction of $960,000.00. Following the completion of the transaction, the director now owns 66,904 shares in the company, valued at approximately $3,211,392. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy R. Mclevish sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $47.00, for a total value of $329,000.00. Following the transaction, the director now owns 78,904 shares of the company’s stock, valued at approximately $3,708,488. The disclosure for this sale can be found here. Insiders have sold a total of 45,125 shares of company stock valued at $2,140,875 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortaleza Asset Management Inc. purchased a new position in Kennametal during the 3rd quarter valued at approximately $115,000. Hartford Investment Management Co. purchased a new position in Kennametal during the 3rd quarter valued at approximately $202,000. World Asset Management Inc bought a new stake in shares of Kennametal in the 3rd quarter valued at approximately $207,000. Trexquant Investment LP bought a new stake in shares of Kennametal in the 3rd quarter valued at approximately $207,000. Finally, Koch Industries Inc. bought a new stake in shares of Kennametal in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Kennametal (NYSE:KMT)

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