Kennametal (KMT) Given News Sentiment Score of 0.07

Headlines about Kennametal (NYSE:KMT) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennametal earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.7100604923122 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Kennametal (KMT) traded down $0.40 during midday trading on Friday, hitting $48.57. The company had a trading volume of 580,045 shares, compared to its average volume of 894,846. Kennametal has a fifty-two week low of $31.12 and a fifty-two week high of $49.31. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.63. The firm has a market cap of $3,930.00, a PE ratio of 35.98, a PEG ratio of 2.31 and a beta of 1.98.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.17. Kennametal had a return on equity of 15.71% and a net margin of 5.18%. The business had revenue of $542.45 million during the quarter, compared to analysts’ expectations of $516.80 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. sell-side analysts predict that Kennametal will post 2.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Tuesday, November 14th were given a dividend of $0.20 per share. The ex-dividend date was Monday, November 13th. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. Kennametal’s dividend payout ratio is presently 59.26%.

KMT has been the subject of a number of analyst reports. Jefferies Group boosted their price target on Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. BMO Capital Markets boosted their price target on Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. TheStreet raised Kennametal from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. ValuEngine cut Kennametal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $45.86.

In other Kennametal news, Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total value of $207,270.35. Following the completion of the transaction, the director now owns 29,693 shares of the company’s stock, valued at approximately $1,384,584.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Robert J. Clemens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $46.82, for a total value of $468,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 59,570 shares of company stock valued at $2,816,345 in the last three months. 2.00% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Kennametal (NYSE:KMT)

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