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

August 13, 2018 - By Megan Stone

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. Granahan Inc Ma has 0.27% invested in Kennametal Inc. (NYSE:KMT) for 94,429 shares. Braun Stacey holds 0.35% or 126,156 shares. Guggenheim Cap Lc owns 9,214 shares. Victory Management invested 0.19% of its portfolio in Kennametal Inc. (NYSE:KMT). Invesco accumulated 1.59M shares. Canada Pension Plan Invest Board holds 121,400 shares. Fifth Third Bankshares holds 0% or 1,330 shares. Jag Capital Management Limited Company stated it has 24,191 shares or 0.18% of all its holdings. Clearbridge Invests Ltd Liability Corp holds 0% in Kennametal Inc. (NYSE:KMT) or 1,500 shares. The New York-based Qci Asset Mgmt Ny has invested 0% in Kennametal Inc. (NYSE:KMT). Gsa Cap Limited Liability Partnership reported 0.05% in Kennametal Inc. (NYSE:KMT). Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Kennametal Inc. (NYSE:KMT). Lazard Asset Mgmt Ltd Liability Corporation invested in 0.57% or 7.45M shares. Shellback L P owns 137,434 shares. Sweden-based Nordea Invest Mngmt Ab has invested 0.01% in Kennametal Inc. (NYSE:KMT).

Since June 11, 2018, it had 0 insider purchases, 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 $1.30M, 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 Nxp Semiconductors N V (NASDAQ:NXPI) by 3.96M shares to 4.24M shares, valued at $463.22M in 2018Q2, according to the filing. It also increased its holding in Mylan N V (NASDAQ:MYL) by 1.20M shares in the quarter, for a total of 6.72M shares, and has risen its stake in Lkq Corp (NASDAQ:LKQ).

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 firm has “Hold” rating given on Friday, May 4 by Stifel Nicolaus. Wells Fargo downgraded the shares of KMT in report on Wednesday, June 20 to “Hold” rating. As per Wednesday, August 8, the company rating was maintained by BMO Capital Markets. The company was downgraded on Wednesday, August 8 by Bank of America. BMO Capital Markets maintained it with “Hold” rating and $4600 target in Tuesday, April 17 report. The company was maintained on Tuesday, April 10 by JP Morgan. The firm has “Buy” rating by Wells Fargo given on Thursday, April 19.

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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