Kennametal Inc. (NYSE:KMT) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its position in Kennametal Inc. (NYSE:KMT) by 39.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,200 shares of the industrial products company’s stock after purchasing an additional 12,198 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Kennametal worth $1,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KMT. FMR LLC increased its holdings in Kennametal by 395.8% in the 3rd quarter. FMR LLC now owns 16,561 shares of the industrial products company’s stock worth $429,000 after buying an additional 13,221 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Kennametal by 2.2% during the third quarter. BNP Paribas Financial Markets now owns 90,793 shares of the industrial products company’s stock worth $2,354,000 after purchasing an additional 1,975 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kennametal by 1.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 171,373 shares of the industrial products company’s stock valued at $4,444,000 after purchasing an additional 2,401 shares during the period. Verition Fund Management LLC purchased a new stake in Kennametal in the third quarter valued at $1,117,000. Finally, Centiva Capital LP acquired a new stake in Kennametal during the 3rd quarter worth about $230,000.

Kennametal Stock Down 3.7 %

Kennametal stock opened at $19.10 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.13. The stock has a market capitalization of $1.48 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 3.69 and a beta of 1.55. The business has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $24.69. Kennametal Inc. has a 12 month low of $18.61 and a 12 month high of $32.18.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were given 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 dividend yield of 4.19%. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMT shares. Morgan Stanley lowered their target price on Kennametal from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. StockNews.com lowered Kennametal from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Finally, Barclays cut their target price on shares of Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Kennametal has a consensus rating of “Hold” and a consensus price target of $26.40.

Insider Activity at Kennametal

In other news, CEO Sanjay Chowbey bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. The trade was a 14.79 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.41% of the stock is currently owned by corporate insiders.

About Kennametal

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.