Somewhat Positive Media Coverage Somewhat Unlikely to Affect Kennametal (KMT) Share Price
Media headlines about Kennametal (NYSE:KMT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.9614647731896 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have recently commented on KMT. BidaskClub lowered shares of Kennametal from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Wells Fargo & Company raised shares of Kennametal from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $26.10 to $43.50 in a report on Friday, August 4th. Zacks Investment Research raised shares of Kennametal from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Kennametal in a report on Friday, August 4th. Finally, J P Morgan Chase & Co raised shares of Kennametal from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $43.00 in a report on Thursday, August 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.23.
Kennametal (NYSE KMT) traded up $0.31 during trading on Tuesday, reaching $44.09. 534,800 shares of the company’s stock were exchanged, compared to its average volume of 913,574. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.71 and a quick ratio of 1.41. The firm has a market cap of $3,548.29, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 2.07 and a beta of 1.96. Kennametal has a 52-week low of $31.12 and a 52-week high of $48.89.
Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17. The firm had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. Kennametal’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. research analysts anticipate that Kennametal will post 2.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, November 13th. Kennametal’s payout ratio is 59.26%.
In other Kennametal news, VP Robert J. Clemens sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $46.82, for a total transaction of $468,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven H. Wunning sold 4,445 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $46.63, for a total transaction of $207,270.35. Following the sale, the director now owns 29,693 shares in the company, valued at $1,384,584.59. The disclosure for this sale can be found here. Insiders have sold a total of 15,015 shares of company stock valued at $695,563 over the last three months. 2.00% of the stock is currently owned by company insiders.
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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