Kennametal Inc. (NYSE:KMT) – Investment analysts at Barrington Research reduced their Q1 2017 EPS estimates for shares of Kennametal in a note issued to investors on Monday. Barrington Research analyst R. Hokanson now anticipates that the brokerage will earn $0.11 per share for the quarter, down from their prior estimate of $0.15. Barrington Research has a “Outperform” rating and a $31.00 price target on the stock.

Kennametal (NYSE:KMT) last released its earnings results on Tuesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The company earned $521.20 million during the quarter, compared to analyst estimates of $519.51 million. Kennametal had a positive return on equity of 7.51% and a negative net margin of 10.77%. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share.

Several other research firms have also weighed in on KMT. Seaport Global Securities lowered shares of Kennametal from an “accumulate” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Thursday, August 18th. Zacks Investment Research raised shares of Kennametal from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Credit Suisse Group AG reissued a “hold” rating and issued a $23.00 price target on shares of Kennametal in a report on Tuesday, August 2nd. Jefferies Group reissued a “buy” rating and issued a $30.00 price target on shares of Kennametal in a report on Sunday, July 17th. Finally, Bank of America Corp. lowered shares of Kennametal from a “neutral” rating to an “underperform” rating in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Kennametal presently has a consensus rating of “Hold” and an average target price of C$24.44.

Shares of Kennametal (NYSE:KMT) opened at 28.28 on Tuesday. The stock’s market cap is $2.25 billion. The stock has a 50 day moving average price of $27.96 and a 200-day moving average price of $24.50. Kennametal has a 12-month low of $15.11 and a 12-month high of $29.45.

Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of Kennametal by 77.3% in the second quarter. LS Investment Advisors LLC now owns 4,878 shares of the company’s stock worth $108,000 after buying an additional 2,126 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Kennametal by 305.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,136 shares of the company’s stock worth $136,000 after buying an additional 4,624 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Kennametal during the second quarter worth $150,000. Amalgamated Bank boosted its position in shares of Kennametal by 2.4% in the second quarter. Amalgamated Bank now owns 9,816 shares of the company’s stock worth $283,000 after buying an additional 228 shares in the last quarter. Finally, Cantab Capital Partners LLP purchased a new position in shares of Kennametal during the second quarter worth $223,000. 97.92% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. Kennametal’s dividend payout ratio is -28.27%.

Kennametal Company Profile

Kennametal Inc (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. The Company manages and reports its business in two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science, serving customers across diverse sectors of industrial production, transportation, earthworks, energy, infrastructure and aerospace.

5 Day Chart for NYSE:KMT

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