Aquatic Capital Management LLC Has $1.62 Million Stake in Kennametal Inc. (NYSE:KMT)

Aquatic Capital Management LLC increased its position in Kennametal Inc. (NYSE:KMT) by 51.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,285 shares of the industrial products company’s stock after purchasing an additional 22,785 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.09% of Kennametal worth $1,616,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Kennametal during the 3rd quarter worth about $30,000. Blue Trust Inc. lifted its stake in Kennametal by 120.9% during the fourth quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 716 shares during the period. GAMMA Investing LLC lifted its stake in Kennametal by 45.9% during the fourth quarter. GAMMA Investing LLC now owns 1,458 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 459 shares during the period. Headlands Technologies LLC boosted its holdings in Kennametal by 214.2% during the fourth quarter. Headlands Technologies LLC now owns 2,118 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Kennametal by 801.8% in the 4th quarter. Sterling Capital Management LLC now owns 2,453 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 2,181 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com raised Kennametal from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley lowered their target price on shares of Kennametal from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Barclays cut their price target on shares of Kennametal from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.20.

Insiders Place Their Bets

In other news, CEO Sanjay Chowbey bought 10,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was bought at an average price of $21.75 per share, for a total transaction of $217,500.00. Following the completion of the transaction, the chief executive officer now directly owns 77,595 shares in the company, valued at $1,687,691.25. The trade was a 14.79 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.41% of the company’s stock.

Kennametal Stock Performance

Kennametal stock opened at $19.38 on Wednesday. The stock has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $23.80. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 3.69 and a beta of 1.55. The company has a quick ratio of 1.13, a current ratio of 2.53 and a debt-to-equity ratio of 0.47. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $32.18.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kennametal had a return on equity of 8.12% and a net margin of 4.76%. On average, research analysts anticipate that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.