Kennametal Inc. (NYSE:KMT) has received an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $49.67.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Kennametal from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, October 12th. Barclays reiterated a “hold” rating and issued a $44.00 price target on shares of Kennametal in a research report on Wednesday, August 8th. BMO Capital Markets reiterated a “hold” rating and issued a $42.00 price target on shares of Kennametal in a research report on Thursday, July 19th. ValuEngine cut shares of Kennametal from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Wells Fargo & Co reiterated a “market perform” rating on shares of Kennametal in a research report on Thursday, June 28th.

In other Kennametal news, VP Gaalen Jan Kees Van sold 13,606 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $41.09, for a total transaction of $559,070.54. Following the sale, the vice president now owns 68,827 shares in the company, valued at approximately $2,828,101.43. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michelle R. Keating sold 988 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $42.20, for a total value of $41,693.60. Following the sale, the vice president now owns 14,676 shares in the company, valued at approximately $619,327.20. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in Kennametal by 27.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 31,660 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 6,760 shares during the period. Toth Financial Advisory Corp acquired a new stake in Kennametal during the 3rd quarter worth about $560,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in Kennametal during the 3rd quarter worth about $1,638,000. Fox Run Management L.L.C. purchased a new position in Kennametal during the 3rd quarter valued at about $394,000. Finally, Moody Aldrich Partners LLC grew its stake in Kennametal by 69.6% during the 2nd quarter. Moody Aldrich Partners LLC now owns 88,395 shares of the industrial products company’s stock valued at $3,173,000 after acquiring an additional 36,274 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Shares of NYSE KMT opened at $38.99 on Friday. Kennametal has a fifty-two week low of $34.37 and a fifty-two week high of $52.52. The company has a current ratio of 1.74, a quick ratio of 1.15 and a debt-to-equity ratio of 0.48. The stock has a market cap of $3.57 billion, a P/E ratio of 14.71, a P/E/G ratio of 2.77 and a beta of 2.02.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Monday, August 6th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. Kennametal had a net margin of 8.45% and a return on equity of 18.60%. The business had revenue of $646.11 million for the quarter, compared to analysts’ expectations of $631.48 million. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. As a group, analysts predict that Kennametal will post 3.14 earnings per share for the current fiscal year.

About Kennametal

Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure.

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Analyst Recommendations for Kennametal (NYSE:KMT)

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