Fil Ltd Decreased Kennametal Inc (NYSE:KMT) Stake By $23.87 Million

August 13, 2018 - By Michele Cranor

Kennametal Inc. (NYSE:KMT) LogoInvestors sentiment decreased to 1.01 in 2018 Q1. Its down 0.13, from 1.14 in 2017Q4. It is negative, as 26 investors sold KMT shares while 84 reduced holdings. 39 funds opened positions while 72 raised stakes. 80.09 million shares or 3.27% more from 77.55 million shares in 2017Q4 were reported. Community Inv holds 0.68% in Kennametal Inc. (NYSE:KMT) or 139,805 shares. Ls Advisors Limited Liability Company holds 4,662 shares or 0.01% of its portfolio. Lord Abbett Com Ltd Liability Corp invested in 434,904 shares or 0.05% of the stock. Vanguard Gp reported 7.76M shares. Prudential Inc holds 0.01% or 148,199 shares in its portfolio. 40,400 are held by Putnam Ltd Liability. Franklin Resources Incorporated has 0.03% invested in Kennametal Inc. (NYSE:KMT) for 1.35 million shares. 136,270 were reported by Wells Fargo & Communication Mn. 39,630 are held by Foundry Prtnrs Llc. The Illinois-based One Trading Ltd Partnership has invested 0% in Kennametal Inc. (NYSE:KMT). State Board Of Administration Of Florida Retirement Systems has invested 0.01% in Kennametal Inc. (NYSE:KMT). Victory Cap Mngmt Inc invested in 2.12M shares. Savings Bank Of America De reported 373,723 shares or 0% of all its holdings. Ariel Investments Limited Liability accumulated 5.19 million shares. Hanseatic Mngmt Services holds 0.07% or 1,762 shares in its portfolio.

Since June 11, 2018, it had 0 buys, and 1 insider sale for $271,090 activity.

Fil Ltd decreased its stake in Kennametal Inc (NYSE:KMT) by 94.95% based on its latest 2018Q2 regulatory filing with the SEC. Fil Ltd sold 681,901 shares as the company’s stock declined 12.49% with the market. The institutional investor held 36,285 shares of the industrial machinery and components company at the end of 2018Q2, valued at $1.30 million, down from 718,186 at the end of the previous reported quarter. Fil Ltd who had been investing in Kennametal Inc for a number of months, seems to be less bullish one the $3.17B market cap company. The stock decreased 2.24% or $0.89 during the last trading session, reaching $38.83. About 724,119 shares traded. Kennametal Inc. (NYSE:KMT) has declined 0.13% since August 13, 2017 and is downtrending. It has underperformed by 12.70% the S&P500.

Fil Ltd, which manages about $66.31 billion US Long portfolio, upped its stake in Acuity Brands Inc (NYSE:AYI) by 165,546 shares to 463,542 shares, valued at $53.71 million in 2018Q2, according to the filing. It also increased its holding in Alphabet Inc () by 94,143 shares in the quarter, for a total of 150,052 shares, and has risen its stake in Baker Hughes A Ge Co ().

Kennametal Inc. (NYSE:KMT) Ratings Coverage

Among 7 analysts covering Kennametal Inc (NYSE:KMT), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Kennametal Inc had 9 analyst reports since February 15, 2018 according to SRatingsIntel. As per Wednesday, June 20, the company rating was downgraded by Wells Fargo. The firm has “Hold” rating given on Tuesday, April 17 by BMO Capital Markets. The company was maintained on Tuesday, April 10 by JP Morgan. The firm has “Hold” rating given on Friday, May 4 by Stifel Nicolaus. The stock of Kennametal Inc. (NYSE:KMT) has “Underperform” rating given on Wednesday, August 8 by Bank of America. The rating was maintained by BMO Capital Markets on Wednesday, August 8 with “Market Perform”. Wells Fargo maintained it with “Buy” rating and $4800 target in Thursday, April 19 report.

Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company has market cap of $3.17 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 16.05 P/E ratio. The company's product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the gas and oil industry, as well as power generation.

More news for Kennametal Inc. (NYSE:KMT) were recently published by: Seekingalpha.com, which released: “Kennametal Inc. 2018 Q4 – Results – Earnings Call Slides” on August 07, 2018. Seekingalpha.com‘s article titled: “Kennametal (KMT) Q4 2018 Results – Earnings Call Transcript” and published on August 07, 2018 is yet another important article.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

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