Kennametal (NYSE:KMT) had declared a cash dividend of $0.2000 on Aug 1, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed for Aug 12, 2016. On Aug 1, 2016 share price, the yield comes out to be 3.2051%. The dividend payable date has been fixed on Aug 26, 2016.
In a different note, On May 4, 2016, Stifel Nicolaus said it Downgrades its rating on Kennametal. The shares have been rated ‘Hold’ by the firm.
Kennametal (KMT) made into the market gainers list on Mondays trading session with the shares advancing 0.04% or 0.01 points. Due to strong positive momentum, the stock ended at $27.58, which is also near the day’s high of $27.955. The stock began the session at $27.83 and the volume stood at 12,07,443 shares. The 52-week high of the shares is $32.23 and the 52 week low is $15.11. The company has a current market capitalization of $2,198 M and it has 7,96,89,781 shares in outstanding.
Kennametal(KMT) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $497.84M. Analysts had an estimated revenue of $487.25M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.23.
Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, William J. Harvey (director) purchased 517 shares at $24.10 per share price.Also, On Feb 11, 2016, Ronald M Defeo (CEO) purchased 14,280 shares at $17.46 per share price.On Feb 11, 2016, Philip A Dur (director) purchased 4,825 shares at $17.61 per share price, according to the Form-4 filing with the securities and exchange commission.
Kennametal Inc. (Kennametal) is a supplier of tooling engineered components and advanced materials consumed in production processes. The Company manages and reports its business in two segments: Industrial and Infrastructure. The Company provides wear-resistant products application engineering and services backed by material science serving customers across diverse sectors of industrial production transportation earthworks energy infrastructure and aerospace. The Company markets its products under the brands Kennametal and WIDIA. The Company’s product offering includes a selection of standard and customized technologies for metalworking such as metal cutting tools tooling systems and services as well as materials such as cemented tungsten carbide products super alloys coatings and investment castings to address customer demands. It offers these products through a range of channels to meet customer-specified needs.