Fuller & Thaler Asset Management Inc. Sells 13,538 Shares of Kennametal Inc. (NYSE:KMT)

Fuller & Thaler Asset Management Inc. cut its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,420,115 shares of the industrial products company's stock after selling 13,538 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.83% of Kennametal worth $34,111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kennametal during the 3rd quarter worth about $30,000. Blue Trust Inc. boosted its holdings in Kennametal by 120.9% in the fourth 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 increased its position in Kennametal by 45.9% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company's stock worth $35,000 after buying an additional 459 shares during the last quarter. Headlands Technologies LLC raised its holdings in Kennametal by 214.2% during the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company's stock valued at $51,000 after buying an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position 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 worth $59,000 after buying an additional 2,181 shares during the last quarter.

Kennametal Stock Performance

KMT stock traded down $0.10 on Wednesday, reaching $19.30. 126,648 shares of the company were exchanged, compared to its average volume of 862,551. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.13. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $32.18. The stock's fifty day moving average price is $20.56 and its 200 day moving average price is $23.80. The firm has a market capitalization of $1.49 billion, a PE ratio of 15.82, a PEG ratio of 3.69 and a beta of 1.55.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 EPS 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%. On average, research analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

KMT has been the topic of a number of recent analyst reports. Barclays cut their price objective on Kennametal from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. StockNews.com raised shares of Kennametal from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Morgan Stanley decreased their price objective on shares of Kennametal from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. One 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's stock. According to MarketBeat.com, Kennametal has a consensus rating of "Hold" and a consensus price target of $25.20.

Insider Transactions at Kennametal

In other Kennametal news, CEO Sanjay Chowbey purchased 10,000 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was purchased at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the completion of the purchase, the chief executive officer now directly owns 77,595 shares in the company, valued at approximately $1,687,691.25. This trade represents a 14.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.41% of the stock is owned by insiders.

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.