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Kennametal Inc. (KMT) – Don’t Believe the Hype: Check The Facts

Kennametal Inc. (NYSE: KMT) is 1.82% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KMT stock was last observed hovering at around $26.41 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $26.26, the stock is 6.76% and 7.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -0.57% at the moment leaves the stock 6.01% off its SMA200. KMT registered 1.66% gain for a year compared to 6-month gain of 16.30%.

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The stock witnessed a 10.48% loss in the last 1 month and extending the period to 3 months gives it a 7.58%, and is 3.59% up 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 1.93% over the week and 2.18% over the month.

Kennametal Inc. (KMT) has around 8739 employees, a market worth around $2.07B and $2.05B in sales. Current P/E ratio is 19.48 and Fwd P/E is 16.05. Profit margin for the company is 5.29%. Distance from 52-week low is 18.96% and -14.18% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).

The EPS is expected to shrink by -3.68% this year

The shares outstanding are 79.83M, and float is at 75.24M with Short Float at 5.28%.

Kennametal Inc. (KMT) Insider Activity

The most recent transaction is an insider purchase by Chowbey Sanjay, the company’s Vice President. SEC filings show that Chowbey Sanjay bought 10,000 shares of the company’s common stock on May 10 ’24 at a price of $26.00 per share for a total of $0.26 million. Following the purchase, the insider now owns 44270.0 shares.

Kennametal Inc. disclosed in a document filed with the SEC on May 09 ’24 that Keating Michelle R (Vice President) sold a total of 12,000 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $26.09 per share for $0.31 million. Following the transaction, the insider now directly holds 33008.0 shares of the KMT stock.

Still, SEC filings show that on Mar 07 ’24, Witt John Wayne (Vice President) disposed off 1,000 shares at an average price of $25.55 for $25550.0. The insider now directly holds 1,343 shares of Kennametal Inc. (KMT).

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