Kennametal Inc. Common Stock (NYSE:KMT) has been the object of insider selling activity recently. Timothy R. Mclevish, Director disclosed the sale of 7,000 shares. The shares were sold on June 8th for an average price of $40.00. The Director now owns $2,876,178 of the stock according to the SEC filing. VP Judith L. Bacchus sold 9,168 shares at an average price of $41.90 on Thu the 27th. That brings Bacchus’s holdings to $318,398 per an SEC filing yesterday.
VP Judith L. Bacchus let go of 4,000 shares at an average price of $33.92 on November 11th. The VP now owns $209,727 of the stock as reported to the SEC.
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 a few additional firms who have increased or decreased their stake in (KMT). Proficio Capital Partners LLC trimmed its stake by shedding 10 shares a decrease of 33.3%. Proficio Capital Partners LLC currently owns 20 shares with a value of $1,000. The total value of its holdings decreased 0.0%. Tower Research Capital LLC (trc) reduced its holdings by selling 1,303 shares a decrease of 65.8% as of 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%.
As of the end of the quarter Westpac Banking Corp had disposed of a total of 7,000 shares trimming its holdings by 8.3%. The value of the company’s investment in Kennametal Inc. Common Stock increased from $2,884,000 to $3,032,000 a change of $148,000 for the reporting period. Goldman Sachs Group Inc bolstered its ownership by buying 4,632 shares an increase of 16.4% in the quarter. Goldman Sachs Group Inc controls 32,844 shares worth $1,288,000. The total value of its holdings increased 46.0%.
On December 9, 2016 the stock rating was changed to a “Underweight” according to a JP Morgan report down from the previous “Neutral” rating. On October 31, 2016 the stock rating was rated “Buy” by Goldman Sachs which was a boost from the previous “Neutral” rating.
On October 11 Jefferies kept the stock rating at “Buy” but raised the price expectation from $23.00 to $35.00. On August 18 the company was downgraded from “” to “Neutral” by analysts at Seaport Global.
On May 4 the company was downgraded to “Hold” from “Buy” in a report from Stifel Nicolaus. On March 18 the company was downgraded to “Neutral” from “Buy” in a report from Longbow Research.
The company is trading up by 0.05 percent from yesterday’s close. The company declared a dividend for shareholders that was paid on Wednesday May 31st, 2017. The dividend was $0.200 per share for the quarter which is $0.80 annualized. This dividend represents a yeild of $1.91 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 12th of May 2017.
Shares of the company are trading at $41.93 which is marginally over $39.51, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $36.97. The 50 day moving average went up $2.50 or +6.3247% and the 200 day average went up by +13.6505%.
As of the last earnings report the EPS was $-0.52 and is expected to be $1.59 for the current year with 80,554,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.35 with next year’s EPS projected to be $2.20.