6 days Ago By ABMN Staff
Geode Capital Management LLC decreased its stake in shares of Kennametal Inc. ( NYSE:KMT – Free Report ) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 1,784,558 shares of the industrial products company’s stock after selling 31,381 shares during the quarter. Geode Capital Management LLC owned about 2.30% of Kennametal worth $42,876,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Kennametal by 395.8% during the 3rd quarter.
FMR LLC now owns 16,561 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 13,221 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Kennametal by 113.7% during the 3rd quarter.
Jane Street Group LLC now owns 191,151 shares of the industrial products company’s stock worth $4,957,000 after acquiring an additional 101,711 shares in the last quarter. Barclays PLC boosted its position in shares of Kennametal by 95.6% during the 3rd quarter.
Barclays PLC now owns 163,670 shares of the industrial products company’s stock valued at $4,244,000 after acquiring an additional 79,992 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Kennametal in the third quarter valued at $342,000. Finally, Sanctuary Advisors LLC increased its position in Kennametal by 19.
3% in the third quarter. Sanctuary Advisors LLC now owns 22,402 shares of the industrial products company’s stock worth $581,000 after purchasing an additional 3,627 shares during the last quarter. Insider Buying and Selling In related news, CEO Sanjay Chowbey bought 10,000 shares of the company’s stock in a transaction on Tuesday, February 11th.
The shares were acquired at an average cost of $21.75 per share, for a total transaction of $217,500.00.
Following the purchase, the chief executive officer now directly owns 77,595 shares of the company’s stock, valued at approximately $1,687,691.25. The trade was 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 available at this link . 1.
41% of the stock is currently owned by insiders. Analyst Upgrades and Downgrades Check Out Our Latest Stock Analysis on Kennametal Kennametal Stock Performance Shares of NYSE:KMT opened at $19.06 on Tuesday.
The company has a current ratio of 2.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.
47. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.
62, a PEG ratio of 3.69 and a beta of 1.55.
Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $32.
18. The firm’s 50-day moving average is $21.28 and its 200 day moving average is $24.
27. Kennametal ( NYSE:KMT – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $0.
25 earnings per share 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%.
Research analysts predict that Kennametal Inc. will post 1.17 EPS for the current year.
Kennametal Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were issued a $0.20 dividend.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.20%.
The ex-dividend date was Tuesday, February 11th. Kennametal’s payout ratio is presently 65.57%.
About Kennametal ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding KMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Kennametal Inc. ( NYSE:KMT – Free Report ). Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.
com's FREE daily email newsletter ..
