News headlines about Kennametal (NYSE:KMT) have been trending somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kennametal earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.6212266812487 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Kennametal Inc. (KMT) Downgraded by BidaskClub (americanbankingnews.com)
- Watch for Kennametal Inc to Potentially Rebound After Falling 1.06% Yesterday (mysmartrend.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Kennametal Inc is a positive for its shares (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Kennametal Inc. (finance.yahoo.com)
- Industrial Goods Stocks on Investors’ Radar — Stanley Black & Decker, Kennametal, Timken, and Lincoln Electric (bizjournals.com)
Several research firms recently weighed in on KMT. BidaskClub lowered Kennametal from a “sell” rating to a “strong sell” rating in a report on Saturday. Barrington Research boosted their target price on Kennametal from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Kennametal in a report on Saturday, April 29th. Stifel Nicolaus restated a “hold” rating on shares of Kennametal in a report on Friday, August 4th. Finally, Wells Fargo & Company upgraded Kennametal from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $26.10 to $43.50 in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Kennametal has an average rating of “Hold” and an average price target of $42.77.
Shares of Kennametal (NYSE:KMT) traded down 0.81% on Friday, hitting $34.08. The stock had a trading volume of 1,525,656 shares. The stock’s 50-day moving average price is $37.66 and its 200 day moving average price is $38.36. Kennametal has a 52 week low of $26.10 and a 52 week high of $43.09. The company has a market cap of $2.75 billion, a PE ratio of 55.87 and a beta of 1.89.
Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.08. Kennametal had a return on equity of 12.51% and a net margin of 2.39%. The business had revenue of $565.03 million for the quarter, compared to the consensus estimate of $562.16 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Kennametal will post $2.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.35%. Kennametal’s dividend payout ratio is currently 133.33%.
In other news, Director Philip A. Dur sold 7,000 shares of Kennametal stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $40.01, for a total transaction of $280,070.00. Following the completion of the transaction, the director now directly owns 22,024 shares in the company, valued at approximately $881,180.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.
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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.
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