News articles about Kennametal (NYSE:KMT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kennametal earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.1034387849801 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
KMT has been the topic of several analyst reports. TheStreet raised shares of Kennametal from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Jefferies Group lifted their price target on shares of Kennametal from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Kennametal from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, October 4th. ValuEngine downgraded shares of Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Credit Suisse Group lifted their price target on shares of Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Kennametal currently has an average rating of “Hold” and a consensus price target of $45.23.
Shares of Kennametal (NYSE:KMT) traded up $0.21 during mid-day trading on Thursday, reaching $45.65. 646,865 shares of the company’s stock traded hands, compared to its average volume of 901,697. The firm has a market cap of $3,710.38, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.17 and a beta of 1.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.71. Kennametal has a 52 week low of $31.12 and a 52 week high of $48.89.
Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.17. The company had revenue of $542.45 million during the quarter, compared to analyst estimates of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. equities research analysts predict that Kennametal will post 2.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.75%. The ex-dividend date was Monday, November 13th. Kennametal’s dividend payout ratio is currently 59.26%.
In other Kennametal news, Director Steven H. Wunning sold 4,445 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $46.63, for a total transaction of $207,270.35. Following the completion of the transaction, the director now directly owns 29,693 shares of the company’s stock, valued at approximately $1,384,584.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy R. Mclevish sold 7,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $47.00, for a total transaction of $329,000.00. Following the transaction, the director now directly owns 78,904 shares of the company’s stock, valued at $3,708,488. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,570 shares of company stock valued at $1,856,345. 2.00% of the stock is owned by company insiders.
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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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