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Wednesday, March 22, 2023

Kennametal Inc. (KMT) Is Not Likely To Be The Same Tomorrow

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Kennametal Inc. (KMT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.87, or -2.99%, to $28.20. The Kennametal Inc. has recorded 13,502 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

As a NYSE listed company, KMT falls under the Industrials sector while operating within the Tools & Accessories industry segment. At the end of the last regular session, the stock closed at $29.07 and fluctuated between $29.48 as its day high and $28.97 as its day low. The current market capitalization of Kennametal Inc. is $2.31B. A total of 0.81 million shares were traded on the day, compared to an average of 577.13K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, KMT has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,430 shares. Over the last 12 months, there were 45 BUYs and 18 SELLs from insiders. Insiders purchased 310,043 shares during that period but sold 39,736.

In the most recent transaction, Witt John Wayne sold 730 shares of KMT for 29.00 per share on Feb 17. After the transaction, the Vice President now owns 800 company shares. In a previous transaction on Dec 08, Witt John Wayne sold 700 shares at 25.50 per share. KMT shares that Vice President owns now total 1,530.

Among the insiders who bought shares, LAMBERT WILLIAM M acquired of 36,698 shares on May 04 at a per-share price of $26.23. This resulted in the Director holding 52,360 shares of KMT after the transaction. In another insider transaction, ALVARADO JOSEPH bought 1,000 shares at $29.05 per share on Mar 14. Company shares held by the Director now total 9,934.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 2.75%, and it has a price to earnings (P/E) ratio of 18.91. KMT’s most recent ex-dividend date was 2/13/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 2/28/2023. Previously, the company paid the dividend on 11/22/2022 with an ex-dividend date of 11/7/2022. The KMT stock dividend was $0.20 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for KMT in the last 3 months, the mean price target is $27.11 with high estimates of $35.00 and low estimates of $19.00. In terms of 52-week highs and lows, KMT has a high of $31.22 and a low of $20.21.

As of this writing, KMT has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.44 per share and a lower estimate of $0.31. The company reported an EPS of $0.34 in the last quarter, which was -8.10% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KMT is Hold with a score of 2.56. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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