BMO Capital Reiterates Kennametal (NYSE:KMT) As a Market Perform; They Now Have a Price Objective Of $46

August 9, 2018 - By Carolyn Hewitt

Kennametal Inc. (NYSE:KMT) Logo

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.13, from 1.14 in 2017Q4. It turned negative, as 26 investors sold Kennametal Inc. 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.

Los Angeles Cap Mgmt & Equity Incorporated owns 145,716 shares. 15,407 were accumulated by Argent Capital Mgmt Ltd Liability. Louisiana State Employees Retirement System has invested 0.04% of its portfolio in Kennametal Inc. (NYSE:KMT). Hanseatic Mngmt Inc holds 0.07% or 1,762 shares in its portfolio. Tinicum has invested 31.36% in Kennametal Inc. (NYSE:KMT). Winslow Evans & Crocker invested 0% of its portfolio in Kennametal Inc. (NYSE:KMT). Schwab Charles Invest Inc stated it has 677,695 shares or 0.02% of all its holdings. Sg Americas Secs Limited Liability reported 19,436 shares. Skylands Limited Liability Company has invested 0.23% in Kennametal Inc. (NYSE:KMT). Daiwa Securities Grp Inc holds 0.04% or 125,600 shares. Rmb Cap Management Lc has 94,734 shares for 0.1% of their portfolio. Oakbrook Invests Limited Liability Company has 0.02% invested in Kennametal Inc. (NYSE:KMT) for 6,150 shares. 9,411 are held by Segall Bryant And Hamill Ltd Limited Liability Company. Wells Fargo Mn owns 136,270 shares. Capital Fund Mngmt stated it has 0.03% in Kennametal Inc. (NYSE:KMT).

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

Kennametal (NYSE:KMT) Rating Reaffirmed

They currently have a $46 target price per share on Kennametal (NYSE:KMT). The target price by BMO Capital would suggest a potential upside of 14.00 % from the company’s stock close price. This has been shown in analysts report on 8 August.

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 has $5300 highest and $45 lowest target. $48’s average target is 18.96% above currents $40.35 stock price. Kennametal Inc had 9 analyst reports since February 15, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. BMO Capital Markets maintained the shares of KMT in report on Tuesday, April 17 with “Hold” rating. The stock has “Hold” rating by Wells Fargo on Wednesday, June 20. The firm has “Buy” rating by Wells Fargo given on Thursday, April 19. The firm has “Market Perform” rating given on Wednesday, August 8 by BMO Capital Markets. Stifel Nicolaus maintained it with “Hold” rating and $45 target in Friday, May 4 report. The firm earned “Underperform” rating on Wednesday, August 8 by Bank of America.

The stock increased 0.21% or $0.09 during the last trading session, reaching $40.35. About 23,109 shares traded. Kennametal Inc. (NYSE:KMT) has declined 0.13% since August 9, 2017 and is downtrending. It has underperformed by 12.70% the S&P500.

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 $3.29 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 16.67 P/E ratio. The companyÂ’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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