Kennametal Inc. (NYSE:KMT) – Equities research analysts at Seaport Global Securities decreased their Q4 2020 EPS estimates for shares of Kennametal in a research note issued on Thursday, July 11th. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $1.02 for the quarter, down from their prior forecast of $1.06. Seaport Global Securities also issued estimates for Kennametal’s Q4 2021 earnings at $1.10 EPS and FY2021 earnings at $3.65 EPS.

Other research analysts also recently issued research reports about the stock. Bank of America set a $10.00 price target on shares of HEXO and gave the stock a “buy” rating in a research report on Thursday, June 13th. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Goldman Sachs Group cut Micro Focus International from a “neutral” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Barclays boosted their price objective on Stanley Black & Decker from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Kennametal currently has an average rating of “Hold” and an average price target of $42.50.

Shares of NYSE KMT opened at $34.73 on Monday. The stock’s 50-day moving average is $33.69. The firm has a market cap of $2.87 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.28 and a beta of 2.26. The company has a current ratio of 2.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43. Kennametal has a 12-month low of $30.32 and a 12-month high of $45.10.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). The company had revenue of $597.20 million for the quarter, compared to analyst estimates of $626.27 million. Kennametal had a return on equity of 19.66% and a net margin of 10.28%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS.

Hedge funds have recently made changes to their positions in the company. South Dakota Investment Council increased its stake in shares of Kennametal by 91.6% in the 1st quarter. South Dakota Investment Council now owns 83,350 shares of the industrial products company’s stock valued at $3,063,000 after acquiring an additional 39,850 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Kennametal by 26.0% in the 1st quarter. State of Wisconsin Investment Board now owns 236,900 shares of the industrial products company’s stock valued at $8,706,000 after acquiring an additional 48,900 shares during the last quarter. Private Harbour Investment Management & Counsel LLC bought a new stake in shares of Kennametal in the 1st quarter valued at about $362,000. Foundry Partners LLC increased its stake in shares of Kennametal by 6.7% in the 1st quarter. Foundry Partners LLC now owns 327,666 shares of the industrial products company’s stock valued at $12,042,000 after acquiring an additional 20,687 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Kennametal by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 107,047 shares of the industrial products company’s stock valued at $3,934,000 after acquiring an additional 601 shares during the last quarter. 98.90% of the stock is owned by institutional investors.

In other Kennametal news, Director Lawrence W. Stranghoener sold 7,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $31.98, for a total transaction of $223,860.00. Following the completion of the sale, the director now directly owns 26,108 shares of the company’s stock, valued at approximately $834,933.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

About Kennametal

Kennametal Inc develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure.

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Earnings History and Estimates for Kennametal (NYSE:KMT)

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