UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 212,536 shares of the industrial products company's stock after buying an additional 41,163 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Kennametal worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMT. Blue Trust Inc. grew its position in shares of Kennametal by 120.9% in the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 716 shares during the last quarter. Headlands Technologies LLC raised its stake in Kennametal by 214.2% during the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company's stock worth $51,000 after purchasing an additional 1,444 shares during the period. Sterling Capital Management LLC raised its stake in shares of Kennametal by 801.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 2,181 shares during the period. KBC Group NV raised its stake in shares of Kennametal by 50.3% in the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock valued at $80,000 after acquiring an additional 1,122 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Kennametal by 10.5% in the 4th quarter. Bank of Montreal Can now owns 9,437 shares of the industrial products company's stock valued at $227,000 after acquiring an additional 898 shares during the period.
Kennametal Price Performance
Shares of NYSE:KMT traded up $0.12 during trading on Thursday, reaching $21.77. The company had a trading volume of 766,563 shares, compared to its average volume of 886,640. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $32.18. The firm has a market capitalization of $1.66 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39. The firm's fifty day moving average is $20.19 and its 200 day moving average is $22.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53.
Kennametal (NYSE:KMT - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.26 by $0.21. The business had revenue of $486.40 million during the quarter, compared to analyst estimates of $489.30 million. Kennametal had a net margin of 4.76% and a return on equity of 8.12%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. On average, equities analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.
Kennametal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were given a $0.20 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.67%. Kennametal's dividend payout ratio (DPR) is presently 57.55%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on KMT shares. 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 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 upped their target price on shares of 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.80.
Read Our Latest Stock Report on KMT
Kennametal Profile
(
Free Report)
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.
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