Media coverage about Kennametal (NYSE:KMT) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kennametal earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.916767715587 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Kennametal Named One Of The 2018 World’s Most Ethical Companies By The Ethisphere Institute For The Seventh … – Markets Insider (markets.businessinsider.com)
- Technical Indicators under Consideration – Kennametal Inc (NYSE: KMT) – Alpha Beta Stock (alphabetastock.com)
- Brokers Issue Forecasts for Kennametal Inc.’s FY2018 Earnings (KMT) (americanbankingnews.com)
KMT has been the topic of a number of research analyst reports. BMO Capital Markets boosted 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 boosted 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 downgraded 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.25.
Kennametal (NYSE:KMT) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Kennametal had a net margin of 7.38% and a return on equity of 15.25%. The firm had revenue of $571.00 million during the quarter, compared to analysts’ expectations of $541.78 million. During the same quarter in the previous year, the company posted $0.24 EPS. Kennametal’s revenue for the quarter was up 17.0% on a year-over-year basis. research analysts forecast that Kennametal will post 2.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.80 annualized dividend and a yield of 1.88%. Kennametal’s payout ratio is 45.45%.
In related news, Director Timothy R. Mclevish sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $47.00, for a total value of $329,000.00. Following the transaction, the director now owns 78,904 shares in the company, valued at $3,708,488. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Judith L. Bacchus sold 18,125 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were 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 owns 38,528 shares in the company, valued at approximately $1,810,816. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,125 shares of company stock worth $2,140,875. 2.00% of the stock is owned by company insiders.
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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.
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