Emerald Advisers INC Stake in Kennametal INC (KMT) Increased by $8.70 Million

April 17, 2018 - By Richard Doty

Kennametal Inc. (NYSE:KMT) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.14. That’s change of 0.05, from 2017Q3’s 1.09. 25 investors sold all, 81 reduced holdings as KMT ratio increased. 73 increased holdings while 48 funds took holdings. Funds hold 77.55 million shares thus 0.03% more from 2017Q3’s 77.53 million shares. Point72 Asia (Hong Kong) Ltd holds 0.01% of its capital in Kennametal Inc. (NYSE:KMT) for 370 shs. Franklin Resource Inc invested in 0.05% or 2.00M shs. Boothbay Fund Management Ltd Liability reported 0.05% stake. Northern Tru Corp owns 0.02% invested in Kennametal Inc. (NYSE:KMT) for 1.30 million shs. Guyasuta, a Pennsylvania-based fund reported 12,500 shs. Moreover, Goldman Sachs Group Inc Inc has 0.01% invested in Kennametal Inc. (NYSE:KMT). Bluecrest Capital holds 0.14% or 104,844 shs in its capital. Shelton Management reported 6,127 shs or 0.02% of all its holdings. Shellback Cap Ltd Partnership owns 319,117 shs. Jpmorgan Chase & reported 0% in Kennametal Inc. (NYSE:KMT). Los Angeles Capital And Equity Research holds 0.04% or 158,926 shs. Alyeska Gp Limited Partnership reported 416,333 shs. Scopus Asset Mgmt Limited Partnership accumulated 59,300 shs. Us Savings Bank De holds 1,809 shs. Gamco Invsts Et Al has invested 0.12% in Kennametal Inc. (NYSE:KMT).

KMT registered $960,000 net activity with 0 insider buys and 1 insider sale since December 13, 2017.

According to 2017Q4 SEC form the Emerald Advisers Inc rose its holdings in Kennametal Inc (KMT) by 23.96%. By buying 181,166 shares Emerald Advisers Inc made the stock sank with 16.35%. At the end of 2017Q4, the institutional investor held 937,357 shares of the industrial machinery and components company, valued at $45.38 million, up from 756,191 at the end of the previous reported quarter. $3.28B is the market cap of Kennametal Inc. On during the last trading session the stock increased $0.27 or 0.68%, reaching $40.26.Currently Kennametal Inc. is uptrending after 10.68% change in last April 17, 2017. KMT has 934,846 shares volume. KMT underperformed by 0.87% the S&P 500.

The Emerald Advisers Inc’s stake in Bofi Hldg Inc (NASDAQ:BOFI) was reduced by 492,227 shares to 754,706 shares valued at $22.57 million in 2017Q4, according to the filing. It manages about $1.71B and $2.60 billion US Long portfolio. For a total of 4,780 shares it reduced its holding in Pdc Energy Inc (NASDAQ:PDCE) by 228,474 shares in the quarter, and has cut its stake in Primoris Services Corp (NASDAQ:PRIM).

Kennametal Inc. (NYSE:KMT) Ratings Coverage

Total analysts of 9 have positions in Kennametal (NYSE:KMT) as follows: 2 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 22%. The firm has $60.0 highest while $45 is the lowest [Target]. The average target $50.78 is 26.13% above the last ($40.26) price. Since October 20, 2017 according to StockzIntelligence Inc Kennametal has 11 analyst reports. On Friday, February 2 the stock has “Neutral” rating by Bank of America. On Tuesday, April 10 JP Morgan maintained Kennametal Inc. (NYSE:KMT) with “Neutral” rating. On Thursday, November 2 Jefferies maintained Kennametal Inc. (NYSE:KMT) with “Buy” rating. On Sunday, February 4 the rating was maintained by Stifel Nicolaus with “Hold”. On Friday, November 3 the stock of Kennametal Inc. (NYSE:KMT) has “Neutral” rating given by Credit Suisse. In Monday, February 5 report J.P. Morgan downgraded it to “Hold” rating and $48.0 target. On Friday, October 20 the firm earned “Buy” rating by Jefferies. In Thursday, January 18 report Jefferies maintained the stock with “Buy” rating. On Monday, January 8 the stock of Kennametal Inc. (NYSE:KMT) has “Buy” rating given by KeyBanc Capital Markets. On Wednesday, December 13 the firm has “Market Perform” rating given by BMO Capital Markets.

Kennametal Inc. (NYSE:KMT) Institutional Investors Chart

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