Dean Capital Management Acquires 31,639 Shares of Kennametal Inc. (NYSE:KMT)

Dean Capital Management raised its holdings in Kennametal Inc. (NYSE:KMT - Free Report) by 44.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,146 shares of the industrial products company's stock after buying an additional 31,639 shares during the quarter. Kennametal accounts for approximately 1.1% of Dean Capital Management's holdings, making the stock its 16th biggest holding. Dean Capital Management owned approximately 0.13% of Kennametal worth $2,478,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Kennametal by 95.6% during the 3rd quarter. Barclays PLC now owns 163,670 shares of the industrial products company's stock worth $4,244,000 after buying an additional 79,992 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kennametal in the 3rd quarter valued at $30,000. JPMorgan Chase & Co. grew its holdings in shares of Kennametal by 48.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 242,439 shares of the industrial products company's stock worth $6,286,000 after purchasing an additional 79,547 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kennametal by 45.9% during the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock worth $35,000 after purchasing an additional 459 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Kennametal by 20.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,717 shares of the industrial products company's stock valued at $402,000 after purchasing an additional 2,841 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on KMT shares. Barclays dropped their price objective on shares of Kennametal from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. StockNews.com raised Kennametal from a "hold" rating to a "buy" rating in a report on Monday, April 28th. Finally, Morgan Stanley reduced their price objective on Kennametal from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.20.

Kennametal Trading Up 0.1 %

NYSE:KMT traded up $0.02 during trading hours on Friday, hitting $20.76. 773,510 shares of the stock were exchanged, compared to its average volume of 869,475. The company has a market capitalization of $1.61 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $32.18. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $20.25 and its two-hundred day moving average is $23.50.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $486.40 million during the quarter, compared to analysts' expectations of $489.30 million. Kennametal had a return on equity of 8.12% and a net margin of 4.76%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Tuesday, May 13th. Kennametal's payout ratio is 65.57%.

Insider Buying and Selling

In related news, CEO Sanjay Chowbey bought 10,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was bought at an average cost of $21.75 per share, for a total transaction of $217,500.00. Following the transaction, the chief executive officer now owns 77,595 shares of the company's stock, valued at $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.41% of the stock is owned by insiders.

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.