Kennametal Inc. (NYSE:KMT) is expected to pay $0.20 on Nov 29, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Kennametal Inc.’s current price of $28.43, the dividend is 0.70%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 28, 2016. The stock increased 1.07% or $0.3 on November 4, hitting $28.43. Kennametal Inc. (NYSE:KMT) has risen 29.58% since April 5, 2016 and is uptrending. It has outperformed by 27.62% the S&P500.
Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The company has a market cap of $2.27 billion. The Firm operates through two divisions: Industrial and Infrastructure. It currently has negative earnings. The Industrial segment generally serves clients that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.
Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.20, from 1.41 in 2016Q1. The ratio worsened, as 29 funds sold all Kennametal Inc. shares owned while 66 reduced positions. 28 funds bought stakes while 87 increased positions. They now own 77.21 million shares or 3.37% more from 74.69 million shares in 2016Q1.
Arrowpoint Asset Lc has 0.59% invested in the company for 1.31M shares. Bancorp Of New York Mellon, a New York-based fund reported 1.79M shares. Westpac Bk Corporation accumulated 0% or 216,300 shares. Vanguard Gp accumulated 6.42M shares or 0.01% of the stock. Tiaa Cref Mngmt Ltd holds 0% or 287,054 shares in its portfolio. Virginia Retirement Et Al last reported 0.02% of its portfolio in the stock. Manufacturers Life Communication The last reported 0.01% of its portfolio in the stock. Diamond Hill Capital Mngmt Inc has 0.02% invested in the company for 147,551 shares. Neuberger Berman Grp Ltd Liability Corporation holds 0% or 13,902 shares in its portfolio. Veritable Lp has invested 0.01% of its portfolio in Kennametal Inc. (NYSE:KMT). Granahan Invest Ma has invested 0.69% of its portfolio in Kennametal Inc. (NYSE:KMT). Paradigm Asset Com Lc has 3,900 shares for 0% of their US portfolio. Clinton Gru accumulated 0.06% or 59,501 shares. Legal General Gru Public has 0% invested in the company for 63,102 shares. The New York-based Cornerstone Cap Ltd Liability has invested 0.04% in Kennametal Inc. (NYSE:KMT).
Insider Transactions: Since June 10, 2016, the stock had 1 buy, and 0 sales for $12,460 net activity. The insider Harvey William J. bought 517 shares worth $12,460.
Kennametal Inc. (NYSE:KMT) Ratings Coverage
Out of 8 analysts covering Kennametal Inc. (NYSE:KMT), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Kennametal Inc. has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of KMT in a report on Wednesday, November 4 to “Underperform” rating. On Friday, October 2 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Buy” rating given on Monday, October 31 by Goldman Sachs. The stock of Kennametal Inc. (NYSE:KMT) earned “Sell” rating by UBS on Wednesday, October 28. The firm earned “Hold” rating on Wednesday, May 4 by Stifel Nicolaus. The stock has “Neutral” rating given by Bank of America on Tuesday, August 11. Barrington Research maintained the shares of KMT in a report on Thursday, December 17 with “Outperform” rating. Longbow downgraded Kennametal Inc. (NYSE:KMT) on Friday, March 18 to “Neutral” rating. The firm has “Neutral” rating given on Thursday, August 18 by Seaport Global. Longbow upgraded the shares of KMT in a report on Thursday, February 4 to “Neutral” rating.
More recent Kennametal Inc. (NYSE:KMT) news were published by: Prnewswire.com which released: “Kennametal Management to Host Analyst Day on November 3, 2016” on October 26, 2016. Also Prnewswire.com published the news titled: “Kennametal Announces Fiscal 2017 First Quarter Results” on October 26, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing” with publication date: November 04, 2016 was also an interesting one.
KMT Company Profile
Kennametal Inc. (Kennametal), incorporated on June 25, 1943, is a supplier of tooling, engineered components and materials consumed in production processes. The Firm operates through two divisions: Industrial and Infrastructure. The Firm provides wear-resistant products, application engineering and services backed by material science serving clients across diverse sectors of industrial production, transportation, earthworks, energy, construction, process industries and aerospace. Kennametal solutions are built across technology platforms, including precision-engineered metalworking tools and components, surface technologies and earth cutting tools that are mission-critical to customer activities battling conditions associated with wear fatigue, corrosion and high temperatures.
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