Kennametal Inc. (NYSE:KMT) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 40.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,510 shares of the industrial products company's stock after selling 17,550 shares during the quarter. Tudor Investment Corp ET AL's holdings in Kennametal were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Kennametal by 45.9% in 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. Sei Investments Co. increased its position in shares of Kennametal by 1.8% in the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company's stock valued at $831,000 after acquiring an additional 609 shares during the period. Inspire Investing LLC increased its position in shares of Kennametal by 3.8% in the 4th quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company's stock valued at $445,000 after acquiring an additional 672 shares during the period. 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. Finally, Bank of Montreal Can lifted its position in Kennametal by 10.5% during 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 period.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Kennametal from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday. Barclays upped their target price on Kennametal from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, StockNews.com raised shares of Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. One 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. According to MarketBeat.com, Kennametal currently has an average rating of "Hold" and an average price target of $25.80.

Kennametal Stock Performance

Shares of KMT stock traded up $0.41 on Tuesday, hitting $22.13. The company had a trading volume of 106,221 shares, compared to its average volume of 868,154. The firm has a market cap of $1.69 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39. The company has a 50-day moving average price of $20.26 and a 200-day moving average price of $23.46. 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 twelve month low of $17.30 and a twelve month high of $32.18.

Kennametal (NYSE:KMT - Get Free Report) last announced 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. Kennametal had a return on equity of 8.12% and a net margin of 4.76%. The company had revenue of $486.40 million during the quarter, compared to analysts' expectations of $489.30 million. During the same period last year, the business earned $0.30 earnings per share. Kennametal's quarterly revenue was down 5.7% on a year-over-year basis. As a group, equities research analysts predict that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.80 annualized dividend and a yield of 3.62%. Kennametal's dividend payout ratio is presently 57.55%.

Kennametal Company 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.