Quantbot Technologies LP Has $873,000 Holdings in Kennametal Inc. (NYSE:KMT)

Quantbot Technologies LP boosted its position in shares of Kennametal Inc. (NYSE:KMT) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,335 shares of the industrial products company’s stock after buying an additional 17,540 shares during the period. Quantbot Technologies LP’s holdings in Kennametal were worth $873,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMT. Teacher Retirement System of Texas boosted its position in shares of Kennametal by 7.0% during the 4th quarter. Teacher Retirement System of Texas now owns 37,606 shares of the industrial products company’s stock worth $903,000 after acquiring an additional 2,459 shares in the last quarter. Intech Investment Management LLC lifted its stake in Kennametal by 54.1% during the fourth quarter. Intech Investment Management LLC now owns 33,001 shares of the industrial products company’s stock worth $793,000 after purchasing an additional 11,589 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Kennametal by 3.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,573,638 shares of the industrial products company’s stock valued at $61,819,000 after purchasing an additional 78,149 shares in the last quarter. Amundi lifted its position in shares of Kennametal by 174.7% during the 4th quarter. Amundi now owns 40,359 shares of the industrial products company’s stock worth $982,000 after buying an additional 25,666 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Kennametal in the fourth quarter valued at about $373,000.

Kennametal Price Performance

Shares of NYSE:KMT opened at $22.07 on Thursday. The firm has a market cap of $1.71 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 3.69 and a beta of 1.69. Kennametal Inc. has a 52 week low of $20.50 and a 52 week high of $32.18. The firm’s fifty day moving average is $22.57 and its 200-day moving average is $24.88. 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) last released its quarterly earnings results 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%. Sell-side analysts predict that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 3.63%. Kennametal’s payout ratio is 65.57%.

Insider Transactions at Kennametal

In other news, CEO Sanjay Chowbey bought 10,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average price of $21.75 per share, with a total value of $217,500.00. Following the completion of the purchase, the chief executive officer now directly owns 77,595 shares of the company’s stock, valued at approximately $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.41% of the company’s stock.

Analyst Ratings Changes

KMT has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of Kennametal from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $32.00 in a research report on Friday, December 6th. StockNews.com upgraded Kennametal from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Barclays reduced their price objective on Kennametal from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research 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, the company presently has an average rating of “Hold” and a consensus target price of $26.40.

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.