Were Analysts Bearish Kennametal Inc. (NYSE:KMT) This Week?

Kennametal Inc. (NYSE:KMT) Logo
Investors sentiment decreased to 0.77 in Q2 2019. Its down 0.74, from 1.51 in 2019Q1. It worsened, as 27 investors sold Kennametal Inc. shares while 84 reduced holdings. 29 funds opened positions while 56 raised stakes. 79.05 million shares or 0.98% less from 79.83 million shares in 2019Q1 were reported.
Lazard Asset Ltd Llc stated it has 0.16% of its portfolio in Kennametal Inc. (NYSE:KMT). Voya Limited Liability reported 32,134 shares. Mutual Of America Capital Management Ltd Liability Company invested in 0.04% or 73,242 shares. 286,400 are held by Cs Mckee L P. Guggenheim Capital Limited Liability Corporation holds 0.02% of its portfolio in Kennametal Inc. (NYSE:KMT) for 65,436 shares. Vanguard Grp reported 0.01% of its portfolio in Kennametal Inc. (NYSE:KMT). Moreover, Riverhead Cap Limited has 0.02% invested in Kennametal Inc. (NYSE:KMT) for 13,388 shares. Moller Fin Ser reported 6,000 shares or 0.11% of all its holdings. Amundi Pioneer Asset Mngmt owns 4,887 shares. Jpmorgan Chase And holds 0% or 101,068 shares. Manufacturers Life Insur The stated it has 182,484 shares. Grantham Mayo Van Otterloo & Company Lc reported 32,300 shares. Smithfield Tru Company holds 0% or 200 shares in its portfolio. Price T Rowe Associate Inc Md, a Maryland-based fund reported 51,939 shares. Us State Bank De has 0% invested in Kennametal Inc. (NYSE:KMT).

Kennametal Inc. (NYSE:KMT) Ratings Coverage

Among 6 analysts covering Kennametal (NYSE:KMT), 2 have Buy rating, 3 Sell and 1 Hold. Therefore 33% are positive. Kennametal has $4700 highest and $2700 lowest target. $34.25’s average target is 5.42% above currents $32.49 stock price. Kennametal had 9 analyst reports since April 3, 2019 according to SRatingsIntel. The stock of Kennametal Inc. (NYSE:KMT) has “Hold” rating given on Friday, June 21 by BMO Capital Markets. UBS maintained the stock with “Sell” rating in Wednesday, August 21 report. Barclays Capital upgraded it to “Overweight” rating and $44 target in Wednesday, April 3 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, May 8 with “Overweight”. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, July 16. Bank of America maintained Kennametal Inc. (NYSE:KMT) on Tuesday, August 6 with “Underperform” rating. The stock of Kennametal Inc. (NYSE:KMT) has “Market Perform” rating given on Wednesday, August 21 by BMO Capital Markets. Below is a list of Kennametal Inc. (NYSE:KMT) latest ratings and price target changes.

21/08/2019 Broker: BMO Capital Markets Rating: Market Perform Old Target: $37.0000 New Target: $30.5000 Maintain
21/08/2019 Broker: UBS Rating: Sell Old Target: $35.0000 New Target: $27.0000 Maintain
06/08/2019 Broker: Bank of America Rating: Underperform Old Target: $30.0000 New Target: $27.0000 Maintain
16/07/2019 Broker: Goldman Sachs Old Rating: Buy New Rating: Sell Old Target: $43.0000 New Target: $30.0000 Downgrade
21/06/2019 Broker: BMO Capital Markets Rating: Hold New Target: $37 Maintain
15/05/2019 Broker: BidaskScore Rating: Sell Downgrade
08/05/2019 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $52.0000 New Target: $47.0000 Maintain
03/05/2019 Broker: BidaskScore Rating: Hold Downgrade
03/04/2019 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $38 New Target: $44 Upgrade

The stock decreased 0.66% or $0.22 during the last trading session, reaching $32.49. About 797,300 shares traded. Kennametal Inc. (NYSE:KMT) has declined 7.76% since September 13, 2018 and is downtrending. It has underperformed by 7.76% 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 $2.73 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 11.2 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 recent Kennametal Inc. (NYSE:KMT) news were published by: Seekingalpha.com which released: “Stocks To Watch: Eyes On Jackson Hole, Lyft And Disney D23 – Seeking Alpha” on August 17, 2019. Also Bizjournals.com published the news titled: “Union workers to rally against Kennametal’s proposed healthcare options – Pittsburgh Business Times” on August 26, 2019. Finance.Yahoo.com‘s news article titled: “The Kennametal (NYSE:KMT) Share Price Is Down 31% So Some Shareholders Are Getting Worried – Yahoo Finance” with publication date: June 05, 2019 was also an interesting one.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

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