Kennametal Inc. (NYSE:KMT) Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its holdings in Kennametal Inc. (NYSE:KMT) by 196.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,421 shares of the industrial products company’s stock after buying an additional 28,768 shares during the period. WINTON GROUP Ltd owned 0.06% of Kennametal worth $1,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of Kennametal by 29.3% in the fourth quarter. LPL Financial LLC now owns 17,566 shares of the industrial products company’s stock worth $422,000 after acquiring an additional 3,978 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Kennametal during the fourth quarter worth approximately $336,000. Sei Investments Co. boosted its holdings in shares of Kennametal by 1.8% in the 4th quarter. Sei Investments Co. now owns 34,614 shares of the industrial products company’s stock valued at $831,000 after purchasing an additional 609 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Kennametal by 13.8% during the 4th quarter. American Century Companies Inc. now owns 2,543,973 shares of the industrial products company’s stock valued at $61,106,000 after buying an additional 308,000 shares during the period. Finally, Quantbot Technologies LP increased its holdings in shares of Kennametal by 93.3% during the 4th quarter. Quantbot Technologies LP now owns 36,335 shares of the industrial products company’s stock worth $873,000 after buying an additional 17,540 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays lowered their price target on Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $32.00 in a research report on Friday, December 6th. Morgan Stanley reduced their price target on shares of Kennametal from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.40.

Kennametal Stock Performance

Kennametal stock opened at $21.62 on Friday. 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 firm’s fifty day moving average price is $22.46 and its 200 day moving average price is $24.84. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 3.69 and a beta of 1.69. Kennametal Inc. has a 12-month low of $20.50 and a 12-month high of $32.18.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were paid a $0.20 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.70%. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Insider Transactions at Kennametal

In other news, CEO Sanjay Chowbey acquired 10,000 shares of the 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 acquisition, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.41% of the company’s stock.

About Kennametal

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.