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

August 13, 2018 - By Darrell Taylor

Kennametal Inc. (NYSE:KMT) LogoInvestors sentiment decreased to 1.01 in 2018 Q1. Its down 0.13, from 1.14 in 2017Q4. It turned 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. Janney Montgomery Scott has invested 0.01% in Kennametal Inc. (NYSE:KMT). Assetmark reported 1,600 shares stake. Jennison Assoc Ltd Com holds 30,793 shares. Teacher Retirement Sys Of Texas owns 18,010 shares for 0% of their portfolio. Wells Fargo And Mn has invested 0% in Kennametal Inc. (NYSE:KMT). Alliancebernstein Ltd Partnership accumulated 2.72M shares. 950,400 were reported by Prudential Public Limited Co. Rk Cap Mgmt Limited Liability has invested 2% of its portfolio in Kennametal Inc. (NYSE:KMT). Millennium Mngmt Ltd invested in 179,799 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,019 shares or 0% of its portfolio. Morgan Stanley holds 0% or 388,640 shares. Gsa Capital Partners Limited Liability Partnership stated it has 25,605 shares or 0.05% of all its holdings. Los Angeles Capital & Equity Rech holds 0.03% or 145,716 shares in its portfolio. Huntington Comml Bank holds 1,280 shares or 0% of its portfolio. Moneta Grp Incorporated Inv Ltd Liability Corporation invested in 0.01% or 1,710 shares.

Since June 11, 2018, it had 0 insider buys, and 1 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 $66.31B US Long portfolio, upped its stake in Nevsun Res Ltd (NYSEMKT:NSU) by 9.69M shares to 19.80M shares, valued at $68.79M in 2018Q2, according to the filing. It also increased its holding in Randgold Res Ltd (NASDAQ:GOLD) by 773,149 shares in the quarter, for a total of 874,553 shares, and has risen its stake in Northrop Grumman Corp (NYSE:NOC).

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. The stock of Kennametal Inc. (NYSE:KMT) earned “Hold” rating by Stifel Nicolaus on Friday, May 4. Wells Fargo maintained the stock with “Buy” rating in Thursday, April 19 report. The firm earned “Market Perform” rating on Wednesday, August 8 by BMO Capital Markets. The rating was downgraded by Bank of America to “Underperform” on Wednesday, August 8. JP Morgan maintained Kennametal Inc. (NYSE:KMT) rating on Tuesday, April 10. JP Morgan has “Neutral” rating and $45 target. The stock of Kennametal Inc. (NYSE:KMT) has “Hold” rating given on Tuesday, April 17 by BMO Capital Markets. The stock of Kennametal Inc. (NYSE:KMT) has “Hold” rating given on Wednesday, June 20 by Wells Fargo.

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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