Fuller & Thaler Asset Management Inc. Has $34.11 Million Stock Position in Kennametal Inc. (NYSE:KMT)

Fuller & Thaler Asset Management Inc. cut its holdings in shares of Kennametal Inc. (NYSE:KMT) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,420,115 shares of the industrial products company’s stock after selling 13,538 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.83% of Kennametal worth $34,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMT. Wilmington Savings Fund Society FSB bought a new stake in Kennametal during the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its position in shares of Kennametal by 120.9% during the fourth 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 during the last quarter. GAMMA Investing LLC boosted its position in shares of Kennametal by 45.9% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock valued at $35,000 after buying an additional 459 shares during the last quarter. Headlands Technologies LLC grew its holdings in Kennametal by 214.2% during the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company’s stock worth $51,000 after buying an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Kennametal by 801.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company’s stock valued at $59,000 after buying an additional 2,181 shares during the last quarter.

Kennametal Price Performance

Shares of NYSE:KMT opened at $19.69 on Friday. Kennametal Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $32.18. The company’s 50-day moving average is $20.75 and its 200 day moving average is $23.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53. The company has a market capitalization of $1.52 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 3.69 and a beta of 1.55.

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

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders 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 annualized dividend and a dividend yield of 4.06%. Kennametal’s payout ratio is presently 65.57%.

Analysts Set New Price Targets

KMT has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Kennametal from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Barclays cut their price target on shares of Kennametal from $24.00 to $22.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com lowered shares of Kennametal from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.20.

Insider Buying and Selling at Kennametal

In other news, CEO Sanjay Chowbey acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average price 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 in the company, valued at $1,687,691.25. The trade was a 14.79 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible 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.