Here is the rundown on market activity for Kennametal Inc. Common Stock (NYSE:KMT). Director Timothy R. Mclevish sold 7,000 shares at an average price of $40.00 on Thu the 8th. That brings Mclevish’s holdings to $2,876,178 as reported to the SEC. Philip A. Dur, Director reported the sale of 7,000 shares of (KMT). The shares were purchased at an average price of $40.01. The Director now owns $601,121 of the stock per the Form 4 SEC filing.
Steven H. Wunning, Director let go of $282,870 worth of shares at an average price of $40.41 on Thu the 8th. That brings the Director’s holdings to $1,076,199 per an SEC filing yesterday.
Kennametal Inc. (Kennametal), launched on June 25, 1943, is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Company provides wear-resistant products, application engineering and services backed by material science serving customers across diverse sectors of industrial production, transportation, earthworks, energy, construction, process industries and aerospace. Kennametal solutions are built across technology platforms, including precision-engineered metalworking tools and components, surface technologies and earth cutting tools that are mission-critical to customer operations battling conditions associated with wear fatigue, corrosion and high temperatures..
Here are some other firms who have updated their holdings. As of the end of the quarter Proficio Capital Partners LLC had disposed of a total of 10 shares trimming its holdings by 33.3%. The value of the total investment in Kennametal Inc. Common Stock went from $1,000 to $1,000 a change of $0 for the reporting period. Tower Research Capital LLC (trc) cut its position by selling 1,303 shares a decrease of 65.8% from 12/31/2016 to 03/31/2017. Tower Research Capital LLC (trc) claims 677 shares valued at $27,000. The value of the position overall is down by 56.5%.
Westpac Banking Corp trimmed its holdings by shedding 7,000 shares a decrease of 8.3% as of 03/31/2017. Westpac Banking Corp now controls 77,290 shares worth $3,032,000. The total value of its holdings increased 5.1%. Goldman Sachs Group Inc added to its ownership by buying 4,632 shares an increase of 16.4%. Goldman Sachs Group Inc currently owns 32,844 shares with a value of $1,288,000. The total value of its holdings increased 46.0%.
On December 9, 2016 the stock rating was rated “Underweight” according to a JP Morgan report down from the previous “Neutral” rating. On October 31 the company was set at “Buy” by Goldman Sachs which is up from the previous “Neutral” rating.
October 11 investment analysts at Jefferies kept the stock rating at “Buy” but raised the price expectation from $23.00 to $35.00. On August 18, 2016 the stock rating was changed to a “Neutral” in a report from Seaport Global a cut from the previous “” rating.
On May 4 the stock rating was downgraded to “Hold” from “Buy” by Stifel Nicolaus. On March 18 the company was changed to a “Neutral” by Longbow Research which was a cut from the previous “Buy” rating.
The company is up since yesterday’s close of $41.91. Kennametal Inc. Common Stock also declared a dividend that was paid on Wednesday the 31st of May 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. This dividend amount was represent a yeild of $1.91. The ex-dividend date was Friday the 12th of May 2017.
Company shares last traded at $42.05 barely above $39.51, the 50 day moving average and which is marginally over the 200 day moving average of $36.97. The 50 day moving average moved up $2.38 whereas the 200 day average was up by +13.32%.
In the last earnings report the EPS was $-0.52 and is projected to be $1.59 for the current year with 80,554,000 shares now outstanding. Next quarter’s EPS is estimated at $0.35 with next year’s EPS projected to be $2.20.