Kennametal Inc. (NYSE: KMT) – Seaport Global Securities reduced its forecasts per share in the fourth quarter of 2019. On the share (EPS) for the shares of Kennametal in a research note issued to investors on Tuesday, 6 November. Seaport Global Securities analyst W. Liptak is currently forecasting that an industrial company will publish earnings per share of $ 0.98 per quarter, compared to the previous forecast of $ 1.01. Seaport Global Securities also published estimates of Kennametal's results for the third quarter in 2020. At the level of 0.96 USD, Q4 2020 profit at 1.06 USD and profit of 20.20 USD for 2020.
Other stock analysts also issued reports on shares. Zacks Investment Research raised Kennametal shares from the "hold" rating to the "buy" level and set a target price of USD 45 for the company in the report on Friday, October 12. Goldman Sachs Group started a report from the Kennametal campaign in the report on Tuesday, October 2. They issued a "buy" rating and a $ 53 target for the company. Longbow Research raised Kennametal shares from the "neutral" rating to the "buy" rating and set the company a price of USD 50.00 in the report on Monday, September 10. ValuEngine raised Kennametal shares from the "sell" to "hold" rating in the Thursday report. Finally, Stifel Nicolaus repeated the "hold" rating and issued a $ 47 target for the Kennametal stock price in a report from Thursday, August 9. One of the analysts rated the shares with a sales evaluation, six issued a share rating, and six rated the purchase of the company's shares. Kennametal has a consensus Hold rating and a consensus price target of $ 48.50.
NYSE: KMT opens on Friday at 39.46 USD. Kennametal has the lowest 52 weeks of $ 32.91 and 52 weeks high $ 52.52. The company has an equity ratio of 0.47, a current ratio of 2.55 and a fast ratio of 1.15. The company has a market limit of USD 3.36 billion, a P / E ratio of 14.89, a PEG ratio of 2.61 and a beta factor of 2.12.
Kennametal (NYSE: KMT) recently published quarterly results on Monday, November 5. The company producing industrial goods recorded $ 0.70 of EPS this quarter, overcoming the Zacks consensus estimate of $ 0.65 to $ 0.05. Kennametal had a net margin of 9.03% and a return on equity of 19.03%. The company generated revenues of USD 587.0 million in this quarter, in comparison with analysts' estimates of USD 590.22 million. During the same period last year, the company recorded 0.48 USD of EPS. The company's revenues increased by 8.3% compared to the same quarter last year.
Institutional investors have recently modified their inventories. The Group Investment Advisors LLC coin increased its share in Kennametal shares by 105.3% in the second quarter. The Group Investment Advisors LLC coin currently has 3,510 shares in the industrial products company worth $ 126,000 after the acquisition of an additional 1,800 shares in the last quarter. Advisors Asset Management Inc. increased its share in Kennametal shares by 169.2% in the second quarter. Advisors Asset Management Inc. currently has 4,316 shares in the industrial products company worth USD 155,000 after the acquisition of an additional 2,713 shares in the last quarter. Caption Management LLC bought a new position in Kennametal shares in the second quarter, worth approximately $ 215,000. Gillespie Robinson & Grimm Inc. he bought a new position in Kennametal shares in the third quarter, worth approximately USD 242,000. Finally, D.A. Davidson & CO. He increased his share in Kennametal shares by 21.0% in the second quarter. D.A. Davidson & CO. Currently, it holds 8,471 shares from shares in industrial companies with a value of USD 304,000 after the acquisition of an additional 471 shares in the last quarter.
In other news Kennametal, vice president Michelle R. Keating sold 988 shares of the company in a transaction on Monday, 10 September. The shares were sold at an average price of USD 42.20 for a total value of USD 4 693.60. After the transaction, the vice president currently holds 14,676 shares of the company, valued at approximately 619.327.20 USD. The sale was disclosed in a document submitted to the Securities and Exchange Commission, which can be accessed through the SEC website. Also VP Gaalen Jan Kees Van sold 13,660 shares of the company in a transaction on Wednesday, September 5. The shares were sold at an average price of 41.09 USD for a total of 559 070.54 USD. After the transaction, the vice president currently holds 68,827 shares valued at USD 2,828,117,443. The disclosure of this sale can be found here. 2.00% of shares are currently held by corporate employees.
Recently, the company also disclosed a quarterly dividend that will be paid out on Wednesday, November 28. The shareholders of the company, who on Tuesday, November 13, will receive a dividend of USD 0.20. The date of determining the right to dividend is Friday, November 9. This represents a $ 0.80 dividend on an annual basis and a yield of 2.03%. Kennametal's dividend payment ratio (DPR) is currently 30.19%.
Kennametal Inc develops and uses tungsten carbides, ceramics, super hard materials and solutions for metal cutting applications and critical applications to combat the extreme conditions associated with fatigue, corrosion and high temperatures around the world. The company operates in three segments: Industrial, Widia and Infrastructure.
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