Kennametal Inc. (KMT) Analysts See $0.64 EPS

October 14, 2018 - By Clifton Ray

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.
Walleye Trading Ltd Llc, a Minnesota-based fund reported 7,448 shares. Barclays Public Ltd Co owns 32,084 shares or 0% of their US portfolio. Cap Fund Mgmt Sa reported 109,200 shares. Nj State Employees Deferred Compensation Plan stated it has 0.2% of its portfolio in Kennametal Inc. (NYSE:KMT). Profund Ltd Liability Co accumulated 11,438 shares. Geode Cap Management Ltd Limited Liability Company accumulated 0.01% or 747,059 shares. Regions Fincl reported 0% of its portfolio in Kennametal Inc. (NYSE:KMT). Jacobs Levy Equity Management Inc invested 0.04% of its portfolio in Kennametal Inc. (NYSE:KMT). Campbell & Commerce Investment Adviser Lc has 0.43% invested in Kennametal Inc. (NYSE:KMT) for 15,719 shares. Oakbrook Ltd Liability Corporation holds 6,250 shares. Prudential Plc has invested 0.13% in Kennametal Inc. (NYSE:KMT). Morgan Stanley has invested 0% of its portfolio in Kennametal Inc. (NYSE:KMT). Community Trust & Inv Co owns 57,395 shares for 0.24% of their portfolio. Public Employees Retirement Association Of Colorado reported 13,995 shares stake. Quantbot Technologies Ltd Partnership reported 0.09% in Kennametal Inc. (NYSE:KMT).

Since June 11, 2018, it had 0 buys, and 3 insider sales for $871,794 activity. Keating Michelle R sold 988 shares worth $41,694. van Gaalen Jan Kees sold $559,010 worth of stock or 13,606 shares.

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. The rating was upgraded by Longbow to “Buy” on Monday, September 10. The rating was maintained by BMO Capital Markets on Wednesday, August 8 with “Market Perform”. The rating was downgraded by Bank of America on Wednesday, August 8 to “Underperform”. Wells Fargo downgraded Kennametal Inc. (NYSE:KMT) on Wednesday, June 20 to “Hold” rating. Wells Fargo maintained the stock with “Buy” rating in Thursday, April 19 report. The stock has “Hold” rating by BMO Capital Markets on Tuesday, April 17. The stock of Kennametal Inc. (NYSE:KMT) earned “Hold” rating by Stifel Nicolaus on Friday, May 4.

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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