Stock Buzzer: Institutional Investors Are Dumping Kennametal Inc (NYSE:KMT)

December 1, 2016 - By Hazel Jackson   ·   0 Comments

Stock Buzzer: Institutional Investors Are Dumping Kennametal Inc (NYSE:KMT)

Sentiment for Kennametal Inc (NYSE:KMT)

Kennametal Inc (NYSE:KMT) institutional sentiment decreased to 0.77 in 2016 Q2. Its down -0.44, from 1.21 in 2016Q1. The ratio has dropped, as 115 hedge funds opened new and increased stock positions, while 95 decreased and sold stock positions in Kennametal Inc. The hedge funds in our partner’s database now hold: 77.21 million shares, up from 74.69 million shares in 2016Q1. Also, the number of hedge funds holding Kennametal Inc in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 29 Reduced: 66 Increased: 87 New Position: 28.

Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The company has a market cap of $2.91 billion. The Firm operates through two divisions: Industrial and Infrastructure. It currently has negative earnings. The Industrial segment generally serves clients that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.

About 112,859 shares traded hands. Kennametal Inc. (NYSE:KMT) has risen 45.59% since April 28, 2016 and is uptrending. It has outperformed by 39.66% the S&P500.

Analysts await Kennametal Inc. (NYSE:KMT) to report earnings on February, 1. They expect $0.22 earnings per share, up 57.14% or $0.08 from last year’s $0.14 per share. KMT’s profit will be $18.04M for 40.32 P/E if the $0.22 EPS becomes a reality. After $0.11 actual earnings per share reported by Kennametal Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

According to Zacks Investment Research, “Kennametal Inc. is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers’ competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains.”

Tinicum Inc holds 21.93% of its portfolio in Kennametal Inc. for 2.28 million shares. Ariel Investments Llc owns 10.39 million shares or 2.88% of their US portfolio. Moreover, Fuller & Thaler Asset Management Inc. has 1.04% invested in the company for 2.76 million shares. The Kansas-based Dean Capital Management has invested 0.93% in the stock. Ardevora Asset Management Llp, a United Kingdom-based fund reported 967,800 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 2 sales for $258,888 net activity.

Kennametal Inc. (NYSE:KMT) Ratings Coverage

Ratings analysis reveals 25% of Kennametal Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Kennametal Inc., 2 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $19 while the high is $35. The stock’s average target of $24 is -32.36% below today’s ($35.48) share price. KMT was included in 17 notes of analysts from August 3, 2015. UBS downgraded the stock to “Sell” rating in Wednesday, October 28 report. As per Thursday, December 17, the company rating was maintained by Barrington Research. The firm earned “Neutral” rating on Friday, March 18 by Longbow. As per Thursday, August 18, the company rating was downgraded by Seaport Global. As per Wednesday, May 4, the company rating was downgraded by Stifel Nicolaus. The stock of Kennametal Inc. (NYSE:KMT) earned “Underperform” rating by Bank of America on Wednesday, November 4. Longbow upgraded the stock to “Neutral” rating in Thursday, February 4 report. The stock has “Neutral” rating given by Bank of America on Friday, October 2. The company was downgraded on Tuesday, August 11 by Bank of America. Goldman Sachs upgraded the stock to “Buy” rating in Monday, October 31 report.

KMT Company Profile

Kennametal Inc. (Kennametal), incorporated on June 25, 1943, is a supplier of tooling, engineered components and materials consumed in production processes. The Firm operates through two divisions: Industrial and Infrastructure. The Firm provides wear-resistant products, application engineering and services backed by material science serving clients across diverse sectors of industrial production, transportation, earthworks, energy, construction, process industries and aerospace. Kennametal solutions are built across technology platforms, including precision-engineered metalworking tools and components, surface technologies and earth cutting tools that are mission-critical to customer activities battling conditions associated with wear fatigue, corrosion and high temperatures.

More news for Kennametal Inc. (NYSE:KMT) were recently published by: Prnewswire.com, which released: “Kennametal to attend Global Mizuho Investor Conference” on November 09, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing” and published on November 04, 2016 is yet another important article.

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By Hazel Jackson


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