After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Kennametal to Attend J.P. Morgan Industrials Conference.
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Stocks Info
This NYSE-listed company operates within the Tools & Accessories industry segment, falling under the Industrials sector. The current market capitalization of Kennametal Inc. is $2.00B. A total of 0.6 million shares were traded on the day, compared to an average of 733.91K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. 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 40 BUYs and 18 SELLs from insiders. Insiders purchased 234,802 shares during that period but sold 93,470.
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
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.18%, and it has a price to earnings (P/E) ratio of 16.75. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.31 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.26. The company reported an EPS of $0.41 in the last quarter, which was 17.10% higher than expectations of $0.35.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $16.25, while its Total Shareholder’s Equity was $1.29B.
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, 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.
