Keeley Teton Advisors LLC Has $408,000 Stock Position in Kennametal Inc. (NYSE:KMT)

Keeley Teton Advisors LLC lessened its position in Kennametal Inc. (NYSE:KMT) by 13.7% in the fourth quarter, HoldingsChannel reports. The fund owned 16,973 shares of the industrial products company’s stock after selling 2,691 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Kennametal were worth $408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMT. Wilmington Savings Fund Society FSB bought a new stake in Kennametal during the 3rd quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of Kennametal by 120.9% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock valued at $34,000 after buying an additional 716 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kennametal by 45.9% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 459 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Kennametal by 214.2% during the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Kennametal by 801.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 2,181 shares during the last quarter.

Kennametal Stock Performance

Shares of Kennametal stock opened at $18.83 on Thursday. The business’s fifty day simple moving average is $21.15 and its 200 day simple moving average is $24.20. The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $32.18. The firm has a market capitalization of $1.46 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 3.69 and a beta of 1.55.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kennametal had a net margin of 4.76% and a return on equity of 8.12%. As a group, analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 11th. Kennametal’s dividend payout ratio is currently 65.57%.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays decreased their price objective on Kennametal from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Morgan Stanley decreased their price target on Kennametal from $24.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, StockNews.com cut Kennametal from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.20.

Insider Buying and Selling at Kennametal

In other news, CEO Sanjay Chowbey purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the purchase, the chief executive officer now owns 77,595 shares of the company’s stock, valued at $1,687,691.25. The trade was a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.41% of the company’s stock.

About Kennametal

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.