Yousif Capital Management LLC Decreases Position in Kennametal Inc. (NYSE:KMT)

Yousif Capital Management LLC trimmed its holdings in shares of Kennametal Inc. (NYSE:KMT) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,657 shares of the industrial products company’s stock after selling 638 shares during the quarter. Yousif Capital Management LLC’s holdings in Kennametal were worth $712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in Kennametal in the third quarter worth about $30,000. Blue Trust Inc. boosted its stake in Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 716 shares in the last quarter. GAMMA Investing LLC boosted its stake in Kennametal by 45.9% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 459 shares in the last quarter. Signaturefd LLC increased its stake in Kennametal by 98.7% during the 3rd quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,008 shares in the last quarter. Finally, KBC Group NV increased its stake in Kennametal by 50.3% during the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 1,122 shares in the last quarter.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP Franklin Cardenas sold 20,470 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $28.24, for a total value of $578,072.80. Following the sale, the vice president now directly owns 39,581 shares of the company’s stock, valued at approximately $1,117,767.44. This trade represents a 34.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Wayne Witt sold 1,765 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $29.35, for a total value of $51,802.75. Following the transaction, the vice president now directly owns 1,642 shares of the company’s stock, valued at approximately $48,192.70. The trade was a 51.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KMT has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Kennametal from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and dropped their price target for the company from $40.00 to $32.00 in a research note on Friday, December 6th. Morgan Stanley reduced their price objective on Kennametal from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. StockNews.com upgraded Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Finally, Loop Capital increased their price target on shares of Kennametal from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.00.

Kennametal Stock Performance

Shares of KMT stock opened at $22.52 on Friday. Kennametal Inc. has a 52-week low of $20.50 and a 52-week high of $32.18. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.75 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.57 and a beta of 1.66. The business has a 50-day simple moving average of $24.23 and a 200-day simple moving average of $25.49.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share (EPS) 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%. On average, equities analysts expect that Kennametal Inc. will post 1.18 EPS for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 annualized dividend and a yield of 3.55%. Kennametal’s dividend payout ratio is presently 65.57%.

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.