Kennametal Inc. (NYSE: KMT) is 1.24% higher on its value in year-to-date trading and has touched a low of $22.08 and a high of $27.04 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 $25.38 in the last trading session, with the day’s gains setting it 0.73%.
Currently trading at $26.11, the stock is 3.30% and 3.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 2.88% at the moment leaves the stock 5.55% off its SMA200. KMT registered 6.53% gain for a year compared to 6-month gain of 5.03%. The firm has a 50-day simple moving average (SMA 50) of $25.127 and a 200-day simple moving average (SMA200) of $24.7455.
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The stock witnessed a 1.60% loss in the last 1 month and extending the period to 3 months gives it a 12.64%, and is -0.23% 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 1.73% over the week and 2.24% over the month.
Kennametal Inc. (KMT) has around 8447 employees, a market worth around $2.03B and $2.05B in sales. Current P/E ratio is 19.10 and Fwd P/E is 15.15. Profit margin for the company is 5.34%. Distance from 52-week low is 18.28% and -3.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.81%).
The EPS is expected to grow by 0.11% this year
302.0 institutions hold shares in Kennametal Inc. (KMT), with institutional investors hold 113.04% of the company’s shares. The shares outstanding are 77.89M, and float is at 74.26M with Short Float at 7.81%. Institutions hold 111.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.96 million shares valued at $328.7 million. The investor’s holdings represent 17.6244 of the KMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.04 million shares valued at $212.91 million to account for 11.4157 of the shares outstanding. The other top investors are ARIEL INVESTMENTS, LLC which holds 8.66 million shares representing 10.9316 and valued at over $203.88 million, while BURGUNDY ASSET MANAGEMENT LTD. holds 6.2827 of the shares totaling 4.98 million with a market value of $117.17 million.
Kennametal Inc. (KMT) Insider Activity
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 579 shares of the company’s common stock on Jun 13 ’24 at a price of $24.37 per share for a total of $14111.0. Following the sale, the insider now owns 764.0 shares.
Kennametal Inc. disclosed in a document filed with the SEC on Jun 10 ’24 that Chowbey Sanjay (President and CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $24.28 per share for $0.12 million. Following the transaction, the insider now directly holds 49270.0 shares of the KMT stock.
Still, SEC filings show that on May 09 ’24, Keating Michelle R (Vice President) disposed off 12,000 shares at an average price of $26.09 for $0.31 million. The insider now directly holds 33,008 shares of Kennametal Inc. (KMT).
