Which Institutions Own Shares In Kennametal Inc. (KMT)?

Kennametal Inc. (NYSE: KMT) is -7.75% lower on its value in year-to-date trading and has touched a low of $22.08 and a high of $30.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KMT stock was last observed hovering at around $24.49 in the last trading session, with the day’s loss setting it -0.7%.

Currently trading at $23.79, the stock is -3.58% and -4.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing -2.86% at the moment leaves the stock -7.76% off its SMA200. KMT registered -18.19% loss for a year compared to 6-month loss of -12.89%. The firm has a 50-day simple moving average (SMA 50) of $1.19 and a 200-day simple moving average (SMA200) of $7.86.

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The stock witnessed a -2.70% gain in the last 1 month and extending the period to 3 months gives it a 4.43%, and is -5.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.44% over the month.

Kennametal Inc. (KMT) has around 8739 employees, a market worth around $1.89B and $2.07B in sales. Current P/E ratio is 15.83 and Fwd P/E is 13.70. Profit margin for the company is 5.86%. Distance from 52-week low is 7.77% and -22.25% from its 52-week high. The company has generated returns on investments over the last 12 months (6.33%).

Kennametal Inc. quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $524.71M over the same period.The EPS is expected to grow by 1.88% this year, but quarterly earnings will post -0.50% year-over-year.

301 institutions hold shares in Kennametal Inc. (KMT), with institutional investors hold 110.01% of the company’s shares. The shares outstanding are 79.83M, and float is at 75.80M with Short Float at 5.99%. Institutions hold 108.90% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 13.46 million shares valued at $382.19 million. The investor’s holdings represent 16.89% of the KMT Shares outstanding. As of Jun 29, 2023, the second largest holder is Ariel Investments, LLC with 9.88 million shares valued at $280.43 million to account for 12.39% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 9.4 million shares representing 11.79% and valued at over $266.87 million, while Burgundy Asset Management Ltd. holds 5.79% of the shares totaling 4.61 million with a market value of $130.96 million.

Kennametal Inc. (KMT) Insider Activity

A total of 32 insider transactions have happened at Kennametal Inc. (KMT) in the last six months, with sales accounting for 16 and purchases happening 16 times. The most recent transaction is an insider sale by Witt John Wayne, the company’s Vice President. SEC filings show that Witt John Wayne sold 450 shares of the company’s common stock on Dec 04 at a price of $24.24 per share for a total of $10908.0. Following the sale, the insider now owns 2343.0 shares.

Kennametal Inc. disclosed in a document filed with the SEC on Sep 14 that Davis Cindy L (Director) sold a total of 11,431 shares of the company’s common stock. The trade occurred on Sep 14 and was made at $25.50 per share for $0.29 million. Following the transaction, the insider now directly holds 14966.0 shares of the KMT stock.

Still, SEC filings show that on Sep 14, Harvey William J. (Director) disposed off 1,215 shares at an average price of $25.50 for $30982.0. The insider now directly holds 34,431 shares of Kennametal Inc. (KMT).

Kennametal Inc. (KMT): Who are the competitors?

One of the company’s main competitors (and peers) include Lincoln Electric Holdings Inc. (LECO) that is trading 33.52% up over the past 12 months.MSC Industrial Direct Co. (MSM) lies in the list of competitors of the Kennametal Inc. and is 13.69% higher over the same period from KMTSPX Technologies Inc. (SPXC) is 45.51% up on the 1-year trading charts.