Kennametal Inc. (NYSE:KMT) – Analysts at Barrington Research issued their Q3 2018 earnings per share estimates for shares of Kennametal in a report released on Thursday. Barrington Research analyst M. Gall anticipates that the industrial products company will earn $0.67 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $53.00 price target on the stock. Barrington Research also issued estimates for Kennametal’s Q4 2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.94 EPS.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Kennametal from an “overweight” rating to a “neutral” rating in a report on Monday, February 5th. Stifel Nicolaus raised their price objective on shares of Kennametal from $50.00 to $52.00 and gave the stock a “hold” rating in a report on Sunday, February 4th. Bank of America raised their price objective on shares of Kennametal from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. ValuEngine raised shares of Kennametal from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut shares of Kennametal from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Kennametal has an average rating of “Hold” and a consensus price target of $50.25.

Shares of Kennametal (NYSE:KMT) opened at $42.59 on Friday. The company has a current ratio of 2.77, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60. Kennametal has a 1-year low of $32.23 and a 1-year high of $52.52. The firm has a market cap of $3,475.03, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.95.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The company had revenue of $571.00 million for the quarter, compared to analyst estimates of $541.78 million. During the same period in the previous year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year.

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Kennametal by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 16,606 shares of the industrial products company’s stock valued at $622,000 after acquiring an additional 215 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Kennametal by 2.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 31,157 shares of the industrial products company’s stock valued at $1,166,000 after acquiring an additional 693 shares during the period. American International Group Inc. increased its holdings in shares of Kennametal by 0.6% in the 4th quarter. American International Group Inc. now owns 220,109 shares of the industrial products company’s stock valued at $10,655,000 after acquiring an additional 1,216 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kennametal by 41.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,019 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 1,463 shares during the period. Finally, Granahan Investment Management Inc. MA increased its holdings in shares of Kennametal by 1.6% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 94,429 shares of the industrial products company’s stock valued at $3,809,000 after acquiring an additional 1,477 shares during the period. 98.11% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Timothy R. Mclevish sold 20,000 shares of Kennametal stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the transaction, the director now directly owns 66,904 shares of the company’s stock, valued at approximately $3,211,392. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Judith L. Bacchus sold 18,125 shares of Kennametal stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.00, for a total transaction of $851,875.00. Following the completion of the transaction, the vice president now directly owns 38,528 shares in the company, valued at $1,810,816. The disclosure for this sale can be found here. Insiders sold a total of 45,125 shares of company stock worth $2,140,875 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.88%. Kennametal’s payout ratio is 45.45%.

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Kennametal Company 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.

Earnings History and Estimates for Kennametal (NYSE:KMT)

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