Brown Advisory Inc. acquired a new stake in Kennametal Inc. (NYSE:KMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,708 shares of the industrial products company’s stock, valued at approximately $325,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State of Tennessee Treasury Department purchased a new stake in shares of Kennametal in the fourth quarter valued at about $2,421,000. American International Group Inc. boosted its holdings in Kennametal by 0.6% during the fourth quarter. American International Group Inc. now owns 220,109 shares of the industrial products company’s stock worth $10,655,000 after buying an additional 1,216 shares in the last quarter. Uncommon Cents Investing LLC purchased a new stake in Kennametal during the fourth quarter worth about $417,000. UBS Asset Management Americas Inc. boosted its holdings in Kennametal by 531.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 354,938 shares of the industrial products company’s stock worth $17,183,000 after buying an additional 298,762 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Kennametal by 1.8% during the fourth quarter. BlackRock Inc. now owns 8,524,732 shares of the industrial products company’s stock worth $412,683,000 after buying an additional 150,707 shares in the last quarter. Institutional investors own 99.33% of the company’s stock.
KMT has been the topic of a number of research analyst reports. Jefferies Group reissued a “buy” rating and set a $60.00 price objective on shares of Kennametal in a report on Thursday, January 18th. KeyCorp reissued a “buy” rating and issued a $56.00 price objective on shares of Kennametal in a research report on Wednesday, January 10th. ValuEngine raised shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Barclays started coverage on shares of Kennametal in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $47.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of Kennametal from $50.00 to $52.00 and gave the company a “hold” rating in a research report on Sunday, February 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.95.
Shares of Kennametal Inc. (NYSE KMT) traded down $0.86 during trading hours on Wednesday, hitting $44.03. 1,135,414 shares of the company’s stock were exchanged, compared to its average volume of 1,114,630. The company has a quick ratio of 1.52, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. Kennametal Inc. has a 52 week low of $32.23 and a 52 week high of $52.52. The firm has a market capitalization of $3,672.44, a PE ratio of 25.14, a price-to-earnings-growth ratio of 3.51 and a beta of 2.01.
Kennametal (NYSE:KMT) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). Kennametal had a return on equity of 17.09% and a net margin of 6.54%. The firm had revenue of $571.00 million during the quarter, compared to analyst estimates of $541.78 million. During the same period last year, the business earned $0.24 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. sell-side analysts predict that Kennametal Inc. will post 2.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, February 12th. This represents a $0.80 annualized dividend and a yield of 1.82%. Kennametal’s payout ratio is 45.45%.
TRADEMARK VIOLATION WARNING: “Brown Advisory Inc. Acquires New Stake in Kennametal Inc. (NYSE:KMT)” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.thelincolnianonline.com/2018/03/14/6708-shares-in-kennametal-inc-kmt-purchased-by-brown-advisory-inc.html.
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.
Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.