Intech Investment Management LLC Has $793,000 Stock Position in Kennametal Inc. (NYSE:KMT)

Intech Investment Management LLC lifted its holdings in Kennametal Inc. (NYSE:KMT) by 54.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,001 shares of the industrial products company’s stock after purchasing an additional 11,589 shares during the period. Intech Investment Management LLC’s holdings in Kennametal were worth $793,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Kennametal by 45.9% in the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after buying an additional 459 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Kennametal by 3.8% in the 4th quarter. Inspire Investing LLC now owns 18,512 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 672 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 during the last quarter. KBC Group NV boosted its position in Kennametal by 50.3% during the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 1,122 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Kennametal during the third quarter valued at approximately $30,000.

Insider Activity

In other news, CEO Sanjay Chowbey bought 10,000 shares of Kennametal stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $21.75 per share, with a total value of $217,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. This trade represents a 14.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KMT shares. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $32.00 in a research note on Friday, December 6th. Barclays set a $25.00 target price on shares of Kennametal and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Morgan Stanley decreased their price target on shares of Kennametal from $28.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Kennametal from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.60.

Kennametal Price Performance

NYSE:KMT opened at $21.58 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.13. The stock has a market cap of $1.67 billion, a P/E ratio of 17.69, a PEG ratio of 3.69 and a beta of 1.69. The company has a fifty day moving average price of $22.67 and a 200 day moving average price of $24.93. Kennametal Inc. has a one year low of $20.50 and a one year high of $32.18.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 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%. Analysts anticipate that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Tuesday, February 11th. Kennametal’s payout ratio is presently 65.57%.

Kennametal 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.