Kennametal Inc. (KMT) Analysts See $0.64 EPS

October 14, 2018 - By Ash

Kennametal Inc. (NYSE:KMT) LogoInvestors sentiment decreased to 0.94 in Q2 2018. Its down 0.07, from 1.01 in 2018Q1. It fall, as 38 investors sold Kennametal Inc. shares while 71 reduced holdings. 28 funds opened positions while 75 raised stakes. 81.22 million shares or 1.41% more from 80.09 million shares in 2018Q1 were reported.
30,060 are held by State Treasurer State Of Michigan. Ls Invest Advisors Ltd Liability owns 4,681 shares. Prelude Cap Management Limited Com, a New York-based fund reported 51,850 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,019 shares or 0% of its portfolio. Wesbanco Bank Incorporated holds 17,900 shares. Glenmede Tru Na invested in 0% or 3,510 shares. Raymond James & Associate stated it has 0% in Kennametal Inc. (NYSE:KMT). Axa, France-based fund reported 292,900 shares. Prudential Public Limited Co invested in 0.13% or 1.16M shares. State Teachers Retirement invested in 126,198 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt System has 22,033 shares for 0.01% of their portfolio. Moreover, Victory Capital Management Inc has 0.15% invested in Kennametal Inc. (NYSE:KMT). Rhumbline Advisers stated it has 0.01% in Kennametal Inc. (NYSE:KMT). Daiwa Securities Grp has invested 0.03% in Kennametal Inc. (NYSE:KMT). Lazard Asset Mgmt Limited Liability Company has 0.54% invested in Kennametal Inc. (NYSE:KMT) for 7.73 million shares.

Since June 11, 2018, it had 0 insider purchases, and 3 sales for $871,794 activity. Keating Michelle R sold $41,694 worth of Kennametal Inc. (NYSE:KMT) on Monday, September 10. The insider STRANGHOENER LAWRENCE W sold 7,000 shares worth $271,090.

Analysts expect Kennametal Inc. (NYSE:KMT) to report $0.64 EPS on November, 7.They anticipate $0.09 EPS change or 16.36 % from last quarter’s $0.55 EPS. KMT’s profit would be $52.50M giving it 15.08 P/E if the $0.64 EPS is correct. After having $0.87 EPS previously, Kennametal Inc.’s analysts see -26.44 % EPS growth. The stock decreased 2.87% or $1.14 during the last trading session, reaching $38.61. About 1.16M shares traded or 35.84% up from the average. Kennametal Inc. (NYSE:KMT) has risen 14.90% since October 14, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.

Kennametal Inc. (NYSE:KMT) Ratings Coverage

Among 7 analysts covering Kennametal (NYSE:KMT), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Kennametal had 9 analyst reports since April 17, 2018 according to SRatingsIntel. Longbow upgraded Kennametal Inc. (NYSE:KMT) on Monday, September 10 to “Buy” rating. BMO Capital Markets maintained Kennametal Inc. (NYSE:KMT) rating on Wednesday, August 8. BMO Capital Markets has “Market Perform” rating and $46 target. On Friday, May 4 the stock rating was maintained by Stifel Nicolaus with “Hold”. Wells Fargo downgraded Kennametal Inc. (NYSE:KMT) on Wednesday, June 20 to “Hold” rating. The firm has “Buy” rating by Wells Fargo given on Thursday, April 19. The firm has “Underperform” rating given on Wednesday, August 8 by Bank of America. BMO Capital Markets maintained Kennametal Inc. (NYSE:KMT) rating on Tuesday, April 17. BMO Capital Markets has “Hold” rating and $4600 target.

Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company has market cap of $3.17 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 15.95 P/E ratio. The companyÂ’s product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the gas and oil industry, as well as power generation.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

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