Quantbot Technologies LP Has $873,000 Holdings in Kennametal Inc. (NYSE:KMT)

Quantbot Technologies LP lifted its stake in shares of Kennametal Inc. (NYSE:KMT) by 93.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,335 shares of the industrial products company’s stock after buying an additional 17,540 shares during the period. Quantbot Technologies LP’s holdings in Kennametal were worth $873,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 459 shares during the period. Inspire Investing LLC grew 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 buying an additional 672 shares during the period. Blue Trust Inc. increased its position in Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock valued at $34,000 after buying an additional 716 shares in the last quarter. KBC Group NV raised its stake in Kennametal by 50.3% during the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company’s stock worth $80,000 after buying an additional 1,122 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Kennametal in the third quarter worth approximately $30,000.

Kennametal Stock Performance

NYSE KMT opened at $22.07 on Thursday. The company has a fifty day moving average price of $22.57 and a 200-day moving average price of $24.88. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.69 and a beta of 1.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 1.13. Kennametal Inc. has a 1 year low of $20.50 and a 1 year high of $32.18.

Kennametal (NYSE:KMT) last posted its quarterly earnings data 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 net margin of 4.76% and a return on equity of 8.12%. As a group, equities research analysts predict that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a yield of 3.63%. Kennametal’s dividend payout ratio (DPR) is currently 65.57%.

Analyst Ratings Changes

KMT has been the subject of several recent research reports. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $32.00 in a report on Friday, December 6th. Barclays lowered their price objective on shares of Kennametal from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday. Morgan Stanley reduced their price objective 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 shares of Kennametal from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Kennametal has an average rating of “Hold” and a consensus target price of $26.40.

Insiders Place Their Bets

In related news, CEO Sanjay Chowbey purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were bought at an average cost of $21.75 per share, with a total value of $217,500.00. Following the acquisition, the chief executive officer now owns 77,595 shares of the company’s stock, valued at $1,687,691.25. This represents a 14.79 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.41% of the company’s stock.

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.