Inspire Investing LLC Has $445,000 Holdings in Kennametal Inc. (NYSE:KMT)

Inspire Investing LLC increased its stake in shares of Kennametal Inc. (NYSE:KMT) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 18,512 shares of the industrial products company’s stock after buying an additional 672 shares during the quarter. Inspire Investing LLC’s holdings in Kennametal were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC grew its stake 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 purchasing an additional 459 shares during the period. Covestor Ltd grew its stake in shares of Kennametal by 14.4% during the third quarter. Covestor Ltd now owns 3,753 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 472 shares during the period. Quarry LP grew its stake in shares of Kennametal by 198.9% during the second quarter. Quarry LP now owns 1,058 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 704 shares during the period. Signaturefd LLC grew its stake in shares of Kennametal by 98.7% during the third quarter. Signaturefd LLC now owns 2,029 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 1,008 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Kennametal by 2.4% during the second quarter. The Manufacturers Life Insurance Company now owns 43,877 shares of the industrial products company’s stock worth $1,033,000 after purchasing an additional 1,016 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on KMT. Barclays reduced their target price on Kennametal from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered Kennametal from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Loop Capital lifted their target price on Kennametal from $24.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, November 19th. Morgan Stanley lifted their target price on Kennametal from $24.50 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Bank of America lowered Kennametal from a “neutral” rating to an “underperform” rating and set a $26.00 target price on the stock. in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.67.

Kennametal Stock Performance

Shares of Kennametal stock opened at $23.98 on Friday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67. The stock’s 50-day moving average is $25.88 and its 200-day moving average is $25.66. Kennametal Inc. has a one year low of $22.50 and a one year high of $32.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.52 and a quick ratio of 1.16.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $481.90 million for the quarter, compared to analyst estimates of $485.26 million. Kennametal had a return on equity of 8.35% and a net margin of 4.98%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that Kennametal Inc. will post 1.44 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Tuesday, November 12th. Kennametal’s dividend payout ratio is currently 62.50%.

Insider Activity at Kennametal

In related news, VP Franklin Cardenas sold 20,470 shares of Kennametal stock in a transaction dated 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 owns 39,581 shares of the company’s stock, valued at approximately $1,117,767.44. The trade was a 34.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Wayne Witt sold 1,765 shares of Kennametal stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $29.35, for a total value of $51,802.75. Following the completion of the sale, the vice president now directly owns 1,642 shares in the company, valued at approximately $48,192.70. This represents a 51.81 % decrease in their position. The disclosure for this sale can be found here. 1.41% of the stock is owned by company insiders.

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.