Natixis Advisors LLC Sells 1,924 Shares of Kennametal Inc. (NYSE:KMT)

Natixis Advisors LLC lessened its stake in Kennametal Inc. (NYSE:KMT) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,234 shares of the industrial products company’s stock after selling 1,924 shares during the quarter. Natixis Advisors LLC’s holdings in Kennametal were worth $294,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Kennametal during the third quarter worth about $30,000. Blue Trust Inc. boosted its stake in shares of Kennametal by 120.9% in the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock worth $34,000 after buying an additional 716 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Kennametal by 45.9% in the 4th quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after buying an additional 459 shares during the last quarter. KBC Group NV grew its holdings in shares of Kennametal by 50.3% in the fourth quarter. KBC Group NV now owns 3,351 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Kennametal during the third quarter valued at approximately $230,000.

Kennametal Price Performance

Shares of NYSE:KMT opened at $21.62 on Friday. The company has a 50-day moving average price of $22.46 and a two-hundred day moving average price of $24.84. The firm has a market capitalization of $1.67 billion, a PE ratio of 17.72, a P/E/G ratio of 3.69 and a beta of 1.69. Kennametal Inc. has a twelve month low of $20.50 and a twelve month high of $32.18. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kennametal had a net margin of 4.76% and a return on equity of 8.12%. Equities analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.80 annualized dividend and a dividend yield of 3.70%. Kennametal’s payout ratio is currently 65.57%.

Insider Transactions at Kennametal

In related news, CEO Sanjay Chowbey acquired 10,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the transaction, the chief executive officer now owns 77,595 shares in the company, valued at $1,687,691.25. This represents a 14.79 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price objective on Kennametal from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Friday, December 6th. Finally, Barclays decreased their price target on shares of Kennametal from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.40.

Kennametal Profile

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.