Value Investing Philosophy And Kennametal Inc. (NYSE: KMT)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Kennametal to Attend Barclays Industrial Select Conference.

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Stocks Info

KMT belongs to the Industrials sector of the NYSE while operating in the Tools & Accessories industry. The current market capitalization of Kennametal Inc. is $2.00B. A total of 1.11 million shares were traded on the day, compared to an average of 673.18K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 44 BUYs and 21 SELLs from insiders. Insiders purchased 245,435 shares during that period but sold 97,110.

In the most recent transaction, Witt John Wayne sold 450 shares of KMT for 24.24 per share on Dec 04. After the transaction, the Vice President now owns 2,343 company shares. In a previous transaction on Sep 14, Davis Cindy L sold 11,431 shares at 25.50 per share. KMT shares that Director owns now total 14,966.

Among the insiders who sold shares, Harvey William J. disposed of 1,215 shares on Sep 14 at a per-share price of $25.50. This resulted in the Director holding 34,431 shares of KMT after the transaction. In another insider transaction, Witt John Wayne sold 800 shares at $29.61 per share on Mar 09. Company shares held by the Vice President now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 16.91. KMT’s most recent ex-dividend date was 2/12/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 2/27/2024. Previously, the company paid the dividend on 11/21/2023 with an ex-dividend date of 11/6/2023. The KMT stock dividend was $0.20 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KMT in the last 3 months, the mean price target is $25.25 with high estimates of $35.00 and low estimates of $20.00. In terms of 52-week highs and lows, KMT has a high of $30.60 and a low of $22.08.

As of this writing, KMT has an earnings estimate of $Lockheed Martin Corporation per share for the current quarter. EPS was calculated based on a consensus of Walmart Inc. estimates, with a high estimate of $American Tower Corporation (REI per share and a lower estimate of $Kinder Morgan, Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KMT’s latest balance sheet shows that the firm has $85.59M in Cash & Short Term Investments as of fiscal 2022. There were $663.28M in debt and $485.65M in liabilities at the time. Its Book Value Per Share was $15.79, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 2.56.

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