Shares of Kennametal Inc. (NYSE:KMT) have been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $46.63.

A number of brokerages recently issued reports on KMT. ValuEngine raised Kennametal from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research lowered Kennametal from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Barclays raised Kennametal from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $44.00 in a report on Wednesday, April 3rd.

In other Kennametal news, VP Patrick S. Watson sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $37.93, for a total value of $85,911.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Peter A. Dragich sold 35,346 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $38.59, for a total value of $1,364,002.14. The disclosure for this sale can be found here. Insiders sold 39,501 shares of company stock valued at $1,520,807 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in Kennametal during the 4th quarter valued at $30,000. Captrust Financial Advisors acquired a new stake in Kennametal during the 4th quarter valued at $44,000. Jane Street Group LLC acquired a new stake in Kennametal during the 3rd quarter valued at $211,000. Veritable L.P. acquired a new stake in Kennametal during the 3rd quarter valued at $215,000. Finally, Meeder Asset Management Inc. acquired a new stake in Kennametal during the 4th quarter valued at $170,000. Institutional investors own 99.76% of the company’s stock.

Shares of KMT stock opened at $39.49 on Friday. Kennametal has a 12-month low of $30.32 and a 12-month high of $45.10. The company has a market capitalization of $3.34 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.34 and a beta of 2.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.31.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Monday, February 4th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. Kennametal had a return on equity of 19.73% and a net margin of 9.50%. The business had revenue of $587.40 million during the quarter, compared to analyst estimates of $606.76 million. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Kennametal will post 3.13 EPS for the current fiscal year.

Kennametal Company Profile

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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