Barrow Hanley Mewhinney & Strauss LLC Has $46.84 Million Position in Kennametal Inc. (NYSE:KMT)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,950,197 shares of the industrial products company's stock after selling 83,730 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 2.51% of Kennametal worth $46,844,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KMT. Pacer Advisors Inc. acquired a new position in Kennametal in the 4th quarter valued at $59,207,000. American Century Companies Inc. boosted its position in shares of Kennametal by 13.8% in the fourth quarter. American Century Companies Inc. now owns 2,543,973 shares of the industrial products company's stock valued at $61,106,000 after acquiring an additional 308,000 shares during the period. Norges Bank bought a new stake in shares of Kennametal in the fourth quarter valued at about $5,543,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Kennametal by 32.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 469,202 shares of the industrial products company's stock valued at $11,270,000 after acquiring an additional 115,718 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Kennametal by 2.0% during 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 acquiring an additional 101,159 shares during the period.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Kennametal from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Morgan Stanley boosted their price target on Kennametal from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, Barclays increased their price target on Kennametal from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. One 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.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.80.

Kennametal Price Performance

KMT stock traded down $0.16 during mid-day trading on Wednesday, hitting $21.58. The stock had a trading volume of 235,672 shares, compared to its average volume of 878,032. The firm has a fifty day simple moving average of $20.24 and a 200 day simple moving average of $23.07. The firm has a market capitalization of $1.65 billion, a P/E ratio of 17.67, a P/E/G ratio of 3.69 and a beta of 1.39. 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 Inc. has a 52 week low of $17.30 and a 52 week high of $32.18.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. Kennametal had a net margin of 4.76% and a return on equity of 8.12%. The business had revenue of $486.40 million for the quarter, compared to analysts' expectations of $489.30 million. During the same period last year, the firm posted $0.30 earnings per share. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. As a group, research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.71%. Kennametal's dividend payout ratio (DPR) is currently 57.55%.

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.