Are Things Looking Up For Kennametal Inc. (NYSE: KMT)?

After Hours

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Stocks Info

The company is listed on the NYSE and operates within the Tools & Accessories industry segment. The current market capitalization of Kennametal Inc. is $2.00B. A total of 0.87 million shares were traded on the day, compared to an average of 722.75K 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 sold shares, Keating Michelle R disposed of 12,000 shares on May 09 ’24 at a per-share price of $26.09. This resulted in the Vice President holding 33,008 shares of KMT after the transaction. In another insider transaction, Chowbey Sanjay bought 10,000 shares at $26.00 per share on May 10 ’24. Company shares held by the Vice President now total 44,270.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.12%, and it has a price to earnings (P/E) ratio of 18.76. KMT’s most recent ex-dividend date was 8/13/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 8/27/2024. Previously, the company paid the dividend on 5/28/2024 with an ex-dividend date of 5/13/2024. The KMT stock dividend was $0.20 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, KMT has a high of $27.04 and a low of $22.08.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $16.05, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

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. 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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