Sherbrooke Park Advisers LLC Buys Shares of 17,515 Kennametal Inc. (NYSE:KMT)

Sherbrooke Park Advisers LLC acquired a new position in Kennametal Inc. (NYSE:KMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,515 shares of the industrial products company's stock, valued at approximately $421,000.

Several other institutional investors have also recently made changes to their positions in KMT. Dimensional Fund Advisors LP lifted its holdings in shares of Kennametal by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,134,051 shares of the industrial products company's stock worth $123,319,000 after buying an additional 101,159 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Kennametal by 3.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,573,638 shares of the industrial products company's stock valued at $61,819,000 after acquiring an additional 78,149 shares during the last quarter. American Century Companies Inc. lifted its stake in Kennametal by 13.8% in the 4th quarter. American Century Companies Inc. now owns 2,543,973 shares of the industrial products company's stock worth $61,106,000 after purchasing an additional 308,000 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Kennametal in the 4th quarter worth $59,207,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kennametal by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,479,599 shares of the industrial products company's stock valued at $35,540,000 after purchasing an additional 56,104 shares during the last quarter.

Kennametal Trading Down 1.0%

KMT traded down $0.22 on Friday, reaching $21.06. 118,409 shares of the company traded hands, compared to its average volume of 1,024,542. The company has a market cap of $1.61 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47. Kennametal Inc. has a one year low of $17.30 and a one year high of $32.18. The firm has a fifty day simple moving average of $20.26 and a two-hundred day simple moving average of $23.28.

Kennametal (NYSE:KMT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.21. The firm had revenue of $486.40 million during the quarter, compared to the consensus estimate of $489.30 million. Kennametal had a net margin of 4.76% and a return on equity of 8.12%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, equities research analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Tuesday, May 13th. Kennametal's dividend payout ratio (DPR) is presently 57.55%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMT. Wall Street Zen upgraded Kennametal from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Morgan Stanley increased their price objective on shares of Kennametal from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Barclays lifted their price objective on shares of Kennametal from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $25.80.

Kennametal 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.