Kennametal Inc. (NYSE:KMT) – Analysts at Barrington Research issued their FY2017 EPS estimates for Kennametal in a research report issued on Wednesday. Barrington Research analyst M. Gall anticipates that the industrial products company will post earnings of $1.55 per share for the year. Barrington Research has a “Outperform” rating and a $50.00 price objective on the stock. Barrington Research also issued estimates for Kennametal’s Q4 2017 earnings at $0.60 EPS and FY2018 earnings at $2.10 EPS.
Kennametal (NYSE:KMT) last released its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. Kennametal had a positive return on equity of 11.59% and a negative net margin of 2.09%. The company had revenue of $528.60 million during the quarter, compared to the consensus estimate of $511.79 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year.
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A number of other research firms also recently weighed in on KMT. Stifel Nicolaus boosted their target price on Kennametal from $38.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. BMO Capital Markets boosted their price objective on Kennametal from $40.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective (up previously from $47.00) on shares of Kennametal in a research report on Saturday, April 29th. Finally, Zacks Investment Research downgraded Kennametal from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.09.
Kennametal (NYSE:KMT) traded up 0.03% on Friday, hitting $38.32. The stock had a trading volume of 63,742 shares. Kennametal has a 1-year low of $20.40 and a 1-year high of $43.09. The stock’s market capitalization is $3.09 billion. The company has a 50-day moving average price of $38.97 and a 200-day moving average price of $37.43.
In related news, VP Judith L. Bacchus sold 9,168 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $41.89, for a total value of $384,047.52. Following the sale, the vice president now directly owns 16,767 shares of the company’s stock, valued at $702,369.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Philip A. Dur sold 7,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $40.01, for a total value of $280,070.00. Following the completion of the sale, the director now directly owns 22,024 shares in the company, valued at $881,180.24. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in KMT. Toth Financial Advisory Corp bought a new stake in Kennametal during the second quarter worth approximately $580,000. Public Employees Retirement System of Ohio boosted its stake in Kennametal by 338.7% in the first quarter. Public Employees Retirement System of Ohio now owns 48,494 shares of the industrial products company’s stock worth $1,902,000 after buying an additional 37,439 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Kennametal by 66.5% in the first quarter. Goldman Sachs Group Inc. now owns 363,201 shares of the industrial products company’s stock worth $14,248,000 after buying an additional 145,035 shares in the last quarter. YG Partners LLC boosted its stake in Kennametal by 1.8% in the first quarter. YG Partners LLC now owns 154,446 shares of the industrial products company’s stock worth $6,059,000 after buying an additional 2,693 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Kennametal during the first quarter worth approximately $481,000. 96.97% of the stock is currently owned by hedge funds and other institutional investors.
Kennametal Company Profile
Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
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