Dimensional Fund Advisors LP Buys 101,159 Shares of Kennametal Inc. (NYSE:KMT)

Dimensional Fund Advisors LP increased its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,134,051 shares of the industrial products company's stock after purchasing an additional 101,159 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.60% of Kennametal worth $123,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Kennametal in the third quarter worth approximately $30,000. Blue Trust Inc. grew its position in Kennametal by 120.9% during 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 in the last quarter. GAMMA Investing LLC grew its position in 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. Headlands Technologies LLC raised its stake in Kennametal by 214.2% during the 4th quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 1,444 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Kennametal by 801.8% in the fourth quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 2,181 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Kennametal Stock Up 3.4 %

Kennametal stock traded up $0.67 during mid-day trading on Friday, hitting $20.20. 125,393 shares of the company's stock were exchanged, compared to its average volume of 1,027,296. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $32.18. The stock has a 50 day moving average of $20.45 and a two-hundred day moving average of $23.73. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.56 billion, a P/E ratio of 16.55, a P/E/G ratio of 3.69 and a beta of 1.55.

Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kennametal had a net margin of 4.76% and a return on equity of 8.12%. As a group, analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In other Kennametal 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 cost of $21.75 per share, with a total value of $217,500.00. Following the transaction, the chief executive officer now directly owns 77,595 shares in the company, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.