Blue Rock Advisors LLC acquired a new position in Kennametal Inc. (NYSE:KMT) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 34,783 shares of the industrial products company’s stock, valued at approximately $1,403,000. Kennametal makes up approximately 2.2% of Blue Rock Advisors LLC’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds have also modified their holdings of KMT. Public Employees Retirement System of Ohio grew its holdings in Kennametal by 338.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 48,494 shares of the industrial products company’s stock worth $1,902,000 after buying an additional 37,439 shares in the last quarter. Capstone Asset Management Co. grew its holdings in Kennametal by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 6,155 shares of the industrial products company’s stock worth $230,000 after buying an additional 290 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Kennametal by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,364 shares of the industrial products company’s stock worth $1,099,000 after buying an additional 1,266 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Kennametal by 19.2% in the 2nd quarter. LS Investment Advisors LLC now owns 6,552 shares of the industrial products company’s stock worth $245,000 after buying an additional 1,057 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in Kennametal by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the industrial products company’s stock worth $786,000 after buying an additional 700 shares in the last quarter. 96.26% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Robert J. Clemens sold 10,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.82, for a total transaction of $468,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven H. Wunning sold 4,445 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total value of $207,270.35. Following the sale, the director now directly owns 29,693 shares of the company’s stock, valued at $1,384,584.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,015 shares of company stock valued at $695,563. Corporate insiders own 2.00% of the company’s stock.

Shares of Kennametal Inc. (KMT) traded up $0.71 during midday trading on Monday, reaching $43.78. The company’s stock had a trading volume of 586,900 shares, compared to its average volume of 915,272. The company has a market cap of $3,548.29, a price-to-earnings ratio of 22.45, a P/E/G ratio of 2.07 and a beta of 1.96. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. Kennametal Inc. has a 52-week low of $31.12 and a 52-week high of $48.89.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.17. The business had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $0.11 EPS. analysts predict that Kennametal Inc. will post 2.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, November 13th. Kennametal’s dividend payout ratio is presently 59.26%.

A number of equities analysts recently issued reports on KMT shares. BidaskClub lowered Kennametal from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Wells Fargo & Company raised Kennametal from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $26.10 to $43.50 in a report on Friday, August 4th. Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, August 4th. Stifel Nicolaus reissued a “hold” rating on shares of Kennametal in a report on Friday, August 4th. Finally, J P Morgan Chase & Co raised Kennametal from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $40.00 to $43.00 in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.23.

Kennametal Profile

Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.

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Institutional Ownership by Quarter for Kennametal (NYSE:KMT)

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