Kennametal (KMT) Stock Rating Reaffirmed by Barrington Research

Kennametal (NYSE:KMT)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research note issued to investors on Thursday. They presently have a $53.00 price target on the industrial products company’s stock. Barrington Research’s target price indicates a potential upside of 24.44% from the stock’s current price. Barrington Research also issued estimates for Kennametal’s Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.74 EPS, Q1 2019 earnings at $0.64 EPS, Q2 2019 earnings at $0.71 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.94 EPS.

A number of other equities analysts have also weighed in on KMT. BMO Capital Markets upped their target price on Kennametal from $45.00 to $52.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 13th. Credit Suisse Group upped their target price on Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. ValuEngine lowered Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group restated a “buy” rating and issued a $60.00 target price on shares of Kennametal in a research note on Thursday, January 18th. Finally, TheStreet upgraded Kennametal from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.25.

Shares of Kennametal (NYSE:KMT) opened at $42.59 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 2.77. Kennametal has a one year low of $32.23 and a one year high of $52.52. The stock has a market capitalization of $3,475.03, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.98 and a beta of 1.95.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Kennametal had a net margin of 6.54% and a return on equity of 17.09%. The company had revenue of $571.00 million for the quarter, compared to the consensus estimate of $541.78 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. research analysts anticipate that Kennametal will post 2.58 earnings per share for the current year.

In other news, VP Judith L. Bacchus sold 18,125 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $851,875.00. Following the completion of the transaction, the vice president now directly owns 38,528 shares in the company, valued at approximately $1,810,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy R. Mclevish sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $48.00, for a total value of $960,000.00. Following the completion of the transaction, the director now owns 66,904 shares of the company’s stock, valued at $3,211,392. The disclosure for this sale can be found here. Insiders sold a total of 45,125 shares of company stock valued at $2,140,875 over the last quarter. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fortaleza Asset Management Inc. purchased a new stake in Kennametal during the 3rd quarter valued at about $115,000. Hartford Investment Management Co. purchased a new stake in Kennametal during the 3rd quarter valued at about $202,000. World Asset Management Inc purchased a new stake in Kennametal during the 3rd quarter valued at about $207,000. Trexquant Investment LP purchased a new stake in Kennametal during the 3rd quarter valued at about $207,000. Finally, Koch Industries Inc. purchased a new stake in Kennametal during the 2nd quarter valued at about $211,000. Hedge funds and other institutional investors own 98.11% of the company’s stock.

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Kennametal Company Profile

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.

Analyst Recommendations for Kennametal (NYSE:KMT)

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