Alpha Windward LLC Has $599,000 Position in Kennametal Inc. (KMT)

Alpha Windward LLC trimmed its position in shares of Kennametal Inc. (NYSE:KMT) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,374 shares of the industrial products company’s stock after selling 2,531 shares during the period. Alpha Windward LLC’s holdings in Kennametal were worth $599,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fortaleza Asset Management Inc. bought a new position in Kennametal during the 3rd quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kennametal by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,556 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 272 shares during the last quarter. Hartford Investment Management Co. bought a new position in Kennametal during the 3rd quarter valued at about $202,000. World Asset Management Inc bought a new position in Kennametal during the 3rd quarter valued at about $207,000. Finally, Trexquant Investment LP bought a new position in Kennametal during the 3rd quarter valued at about $207,000. Institutional investors own 98.59% of the company’s stock.

In other news, Director Timothy R. Mclevish sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the completion of the sale, the director now owns 66,904 shares of the company’s stock, valued at approximately $3,211,392. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven H. Wunning sold 4,445 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $46.63, for a total transaction of $207,270.35. Following the completion of the sale, the director now directly owns 29,693 shares of the company’s stock, valued at approximately $1,384,584.59. The disclosure for this sale can be found here. Insiders sold a total of 59,570 shares of company stock worth $2,816,345 over the last 90 days. Insiders own 2.00% of the company’s stock.

Several equities analysts recently commented on the stock. KeyCorp reiterated a “buy” rating and set a $56.00 price target on shares of Kennametal in a report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and issued a $45.00 target price on shares of Kennametal in a research note on Friday, October 20th. Jefferies Group restated a “buy” rating and issued a $50.00 target price on shares of Kennametal in a research note on Thursday, September 21st. Credit Suisse Group upped their target price on shares of Kennametal from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Finally, ValuEngine downgraded shares of Kennametal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Kennametal currently has a consensus rating of “Hold” and a consensus price target of $48.45.

Kennametal Inc. (NYSE:KMT) opened at $50.26 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.71 and a quick ratio of 1.41. The company has a market cap of $4,129.40, a PE ratio of 37.23, a price-to-earnings-growth ratio of 2.40 and a beta of 1.98. Kennametal Inc. has a one year low of $32.23 and a one year high of $52.52.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.17. The business had revenue of $542.45 million for the quarter, compared to the consensus estimate of $516.80 million. Kennametal had a net margin of 5.18% and a return on equity of 15.71%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. sell-side analysts anticipate that Kennametal Inc. will post 2.54 earnings per share for the current fiscal year.

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About Kennametal

Kennametal Inc is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense.

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Institutional Ownership by Quarter for Kennametal (NYSE:KMT)

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