Kennametal Inc. (NYSE: KMT) May Be Attracting Institutional Investments

After Hours

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.

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Stocks Info

Kennametal Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Tools & Accessories industry. The current market capitalization of Kennametal Inc. is $2.06B. A total of 0.7 million shares were traded on the day, compared to an average of 685.67K shares.

In the most recent transaction, Witt John Wayne sold 579 shares of KMT for 24.37 per share on Jun 13 ’24. After the transaction, the Vice President now owns 764 company shares. In a previous transaction on Jun 10 ’24, Chowbey Sanjay bought 5,000 shares at 24.28 per share. KMT shares that President and CEO owns now total 49,270.

Among the insiders who bought shares, Chowbey Sanjay acquired of 10,000 shares on May 10 ’24 at a per-share price of $26.00. This resulted in the Vice President holding 44,270 shares of KMT after the transaction. In another insider transaction, Keating Michelle R sold 12,000 shares at $26.09 per share on May 09 ’24. Company shares held by the Vice President now total 33,008.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.06%, and it has a price to earnings (P/E) ratio of 19.39. KMT’s most recent ex-dividend date was 5/13/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 5/28/2024. Previously, the company paid the dividend on 2/27/2024 with an ex-dividend date of 2/12/2024. The KMT stock dividend was $0.20 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, KMT has a high of $30.60 and a low of $22.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $16.08, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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