Kennametal Inc. (NYSE:KMT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in Kennametal Inc. (NYSE:KMT - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,532 shares of the industrial products company's stock after selling 14,428 shares during the period. Deutsche Bank AG owned approximately 0.17% of Kennametal worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Kennametal by 1.8% in the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company's stock worth $831,000 after acquiring an additional 609 shares during the last quarter. Inspire Investing LLC raised its stake in Kennametal by 3.8% in the 4th quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company's stock worth $445,000 after acquiring an additional 672 shares during the last quarter. Blue Trust Inc. raised its stake in Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock worth $34,000 after acquiring an additional 716 shares during the last quarter. Bank of Montreal Can raised its stake in Kennametal by 10.5% in the 4th quarter. Bank of Montreal Can now owns 9,437 shares of the industrial products company's stock worth $227,000 after acquiring an additional 898 shares during the last quarter. Finally, KBC Group NV raised its stake in Kennametal by 50.3% in the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock worth $80,000 after acquiring an additional 1,122 shares during the last quarter.

Kennametal Stock Performance

Shares of NYSE KMT traded down $0.26 during trading on Friday, reaching $21.03. 753,732 shares of the company traded hands, compared to its average volume of 880,732. The firm's fifty day simple moving average is $20.25 and its 200 day simple moving average is $23.24. The stock has a market cap of $1.60 billion, a P/E ratio of 17.23, a PEG ratio of 3.69 and a beta of 1.39. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $32.18. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47.

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

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders 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 dividend yield of 3.80%. The ex-dividend date is Tuesday, May 13th. Kennametal's dividend payout ratio (DPR) is presently 57.55%.

Analyst Ratings Changes

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

About Kennametal

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.