Kennametal Inc. (NYSE:KMT) changes shares on Tuesday trading session, with a change of 1.71% or $0.49 shares. The trading starts at $29.39 and closed at $28.72 throughout the day. The trading session low price was $28.87 and day high was $29.50 on Tuesday, June 23. After the session, the Industrials sector daily volume shifted to 0.65 million while its average volume is 1.02M. In other hand, the KMT market cap reached to $2.45B. While, its current target price is $29.21 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.20% and up 13.13% for month. Its quarterly performance was 74.49% above, while its half year performance is down -21.46%. KMT yearly performance stood at negative -14.04% and fall -20.82% for year-to-date. Current recommendation for Kennametal Inc. is 2.60.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. KMT EPS (TTM) for 12-month is 0.78. EPS for this year is -19.40%, while for the next year its value is 1.31. Its EPS Q/Q reached -95.30%. It has an EPS of 7.00% up for past five years.
Let’s take a look on the analyst recommendations on KMT for the current month and previous month. For the current month, 6 of 12 analysts recommend stock as Buy while 1 as Sell, 0 as overweight, 1 as underweight and 4 as Hold. As compared with the previous month ratings, 12 analysts participate in stock recommendation. Out of 12, 1 rated it sell, 5 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $16.00-$38.00. Average target price for KMT was reached at $30.55.
Blackrock Inc., Vanguard Group, Inc. (The) and Wellington Management Company, LLP are the top three holders in Kennametal Inc. (KMT) stock. On Mar 30, 2020, Blackrock Inc. has 9.45 million shares which valued 176.04 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 8.17 million shares which valued at 152.09 million. On Mar 30, 2020, Wellington Management Company, LLP has a total of 8.13 million shares which valued at 151.43 million. In the end, Wellington Management Company, LLP have 9.81% shares outstanding of Kennametal Inc. (KMT) on Mar 30, 2020. The insider ownership moved to 0.20%.
The company posted an EPS (TTM) of 0.78. According to the most recent quarter report on (Jun 2020), 11 analysts estimated an average EPS of 0.11, while 0.84 EPS posted a year ago period. Analyst Estimated EPS for KMT published in the report was 0.04-0.18 during the same period. Comparing with last year, the average estimated EPS was 0.84 which is higher than 0.46 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for KMT fall -0.66% for period of 200 days. SMA for 50 days was 13.42% which is showing green signal, while SMA-20 was 0.80%. The moving average value for Kennametal Inc. (KMT) is 28.18 and 26.81 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in KMT stock. On Jun 10, Watson Patrick S, Vice President, sold 6,000 trading shares at the cost of $30.23, which valued at 0.18 million. On Jun 10, Bacchus Judith L, Vice President, sold 10,000 shares at the cost of $30.22, with total shares of 30,087. On Jun 03, STRANGHOENER LAWRENCE W, Director, sold 7,000 shares at the cost of 30.06. After this transaction, STRANGHOENER LAWRENCE W total shares reached to 19,108 which valued at 0.21 million.