Barrow Hanley Mewhinney & Strauss LLC Has $46.84 Million Stock Holdings in Kennametal Inc. (NYSE:KMT)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in Kennametal Inc. (NYSE:KMT) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,950,197 shares of the industrial products company’s stock after selling 83,730 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Kennametal were worth $46,844,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Kennametal by 1.8% during the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company’s stock worth $831,000 after purchasing an additional 609 shares during the last quarter. Inspire Investing LLC boosted its holdings in Kennametal by 3.8% in the fourth quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 672 shares in the last quarter. Blue Trust Inc. increased its position in Kennametal by 120.9% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock worth $34,000 after buying an additional 716 shares during the last quarter. Bank of Montreal Can raised its holdings in Kennametal by 10.5% during the fourth quarter. Bank of Montreal Can now owns 9,437 shares of the industrial products company’s stock valued at $227,000 after buying an additional 898 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kennametal by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,294 shares of the industrial products company’s stock worth $1,064,000 after buying an additional 934 shares during the last quarter.

Kennametal Price Performance

NYSE KMT opened at $21.25 on Friday. The stock has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $23.28. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $32.18. The stock has a market capitalization of $1.62 billion, a PE ratio of 17.42, a P/E/G ratio of 3.69 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21. Kennametal had a return on equity of 8.12% and a net margin of 4.76%. The company had revenue of $486.40 million for the quarter, compared to the consensus estimate of $489.30 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, May 13th. Kennametal’s payout ratio is currently 57.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMT. Barclays increased their price objective on Kennametal from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Finally, Morgan Stanley lifted their price target on shares of Kennametal from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Kennametal presently has an average rating of “Hold” and a consensus price target of $25.80.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.