The Insider Activity Of Kennametal Inc. (KMT) Is Worth Monitoring

Kennametal Inc. (NYSE:KMT) finished Friday with a subtraction of -$0.54 to close at $38.49, a downside of -1.38 percent. An average of 538,360 shares of common stock have been traded in the last five days. There was a gain of $1.64 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 515,020 shares traded, while the 50-day average volume stands at 541,434.

KMT stock has increased by 8.82% in the last month. The company shares reached their 1-month lowest point of $33.90 on 10/06/21. With the stock rallying to its 52-week high on 04/06/21, shares of the company touched a low of $27.76 and a high of $43.04 in 52 weeks. It has reached a new high 8 times so far this year and achieved 6.21% or $2.25 in price. In spite of this, the price is down -10.57% from the 52-week high.


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Insider Transactions

226 days have passed since Kennametal Inc. (KMT) last reported insider trading activity. Davis Cindy L, who is Director, most recently acquired $7,000 shares at $41.32 per share on Mar 11. In this transaction, the insider spent $289,240. Director, Davis Cindy L, disposed of 14,000 shares at a price of $40.50 on Mar 10. The insider now owns more than $567,000 worth of shares. Prior to that, Vice President Bacchus Judith L went on to Sale 20,922 shares at $40.53 each on Mar 08. An amount of $847,987 was transacted.

Valuation Metrics

Kennametal Inc. (KMT) has a trailing price-to-earnings (P/E) ratio of 60.14, which compares with the 20.30 for the broader industry and 29.83 for the sector. In the last five years, Kennametal Inc.’s PE ratio has ranged between 352.08 and 9.569. The stock’s beta is 2.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 76.51.

Kennametal Inc. pays a $0.80 dividend per share annually. It offers a dividend yield of 2.08%. The company has a payout ratio of 123.30%. The company’s most recent quarterly dividend payment took place on Aug. 24, and it was $0.20 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.02 reported on Thursday July 30 2015.

The quick ratio of Kennametal Inc. for the three months ended June 29 was 1.20, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.45 for the quarter ending June 29. Kennametal Inc.’s EBITDA margin for the year ending June 29 is 14.61%, while its operating margin for the same period stands at 5.60%. Its gross profit as reported stood at $552.48 million compared to revenue of $1.84 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Kennametal Inc.’s return on assets was 2.10%. For the broader industry, ROE averaged 7.02 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Kennametal Inc. had $592.11 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $35.1 million in the quarter, while revenues of $21.62 million were grew 125.95%. The analyst consensus anticipated Kennametal Inc.’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.53, a 32.50% surprise. For the quarter, EBITDA amounted to $93.56 million. Shareholders own equity worth $83.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Kennametal Inc. (KMT) price momentum. RSI 9-day as of the close on 22 October was 67.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.31%.

As of today, KMT’s price is $38.35 +4.45% or $1.64 from its 5-day moving average. KMT is currently trading +9.50% higher than its 20-day SMA and +1.99% higher than its 100-day SMA. However, the stock’s current price level is +3.52% above the SMA50 and -4.75% below the SMA200.

The stochastic %K and %D were 90.80% and 93.76%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 82.26% and the average true range at 1.07, the RSI (14) stands at 63.01%. The stock has reached 1.74 on the 9-day MACD Oscillator while the 14-day reading was at 2.50.

Analyst Ratings

Loop Capital launched coverage on Kennametal Inc. (NYSE: KMT) in its analyst report released on August 30, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Kennametal Inc. (KMT) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KMT, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is KMT’s price target for the next 12 months?

Analysts predict a range of price targets between $36.00 and $48.00, with a median target of $39.50. Taking a look at these predictions, the average price target given by analysts for Kennametal Inc. (KMT) stock is $41.30.

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