Kennametal Inc. (NYSE:KMT) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Kennametal Inc. (NYSE:KMTFree Report) by 188.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,070 shares of the industrial products company’s stock after purchasing an additional 54,882 shares during the period. Hsbc Holdings PLC owned approximately 0.11% of Kennametal worth $2,167,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of Kennametal by 119.6% in the fourth quarter. Signaturefd LLC now owns 1,107 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 603 shares in the last quarter. First United Bank & Trust purchased a new stake in Kennametal during the 4th quarter worth about $45,000. CWM LLC raised its position in Kennametal by 191.1% in the 4th quarter. CWM LLC now owns 1,767 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,160 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Kennametal in the 4th quarter valued at about $48,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Kennametal in the 3rd quarter valued at about $62,000.

Analysts Set New Price Targets

Several analysts recently weighed in on KMT shares. Loop Capital raised their target price on shares of Kennametal from $23.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, May 23rd. upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. lowered their target price on shares of Kennametal from $26.00 to $24.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Finally, Barclays increased their target price on Kennametal from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to, Kennametal presently has a consensus rating of “Hold” and an average price target of $24.17.

Read Our Latest Stock Report on KMT

Kennametal Stock Down 1.6 %

Shares of NYSE:KMT opened at $24.83 on Friday. The firm has a 50 day simple moving average of $24.80 and a 200-day simple moving average of $24.70. Kennametal Inc. has a twelve month low of $22.08 and a twelve month high of $30.60. The company has a current ratio of 2.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.95 billion, a PE ratio of 18.39, a P/E/G ratio of 2.52 and a beta of 1.72.

Kennametal (NYSE:KMTGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Kennametal had a net margin of 5.29% and a return on equity of 9.35%. The company had revenue of $515.80 million during the quarter, compared to analysts’ expectations of $518.50 million. During the same period last year, the firm earned $0.39 earnings per share. Kennametal’s revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Kennametal Inc. will post 1.47 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th were given a $0.20 dividend. The ex-dividend date was Monday, May 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.22%. Kennametal’s dividend payout ratio (DPR) is presently 59.26%.

Kennametal Company Profile

(Free Report)

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.

Further Reading

Institutional Ownership by Quarter for Kennametal (NYSE:KMT)

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