Kennametal Inc. (NYSE:KMT) announced a quarterly dividend on Monday, November 4th, RTT News reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.20 per share by the industrial products company on Tuesday, November 26th. This represents a $0.80 annualized dividend and a yield of 2.32%.
KMT stock traded up $1.78 during trading on Monday, hitting $34.49. The company had a trading volume of 79,875 shares, compared to its average volume of 1,330,356. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 2.05 and a beta of 2.28. The business has a 50 day moving average of $30.62 and a 200 day moving average of $33.07. Kennametal has a fifty-two week low of $27.49 and a fifty-two week high of $43.98. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43.
Kennametal (NYSE:KMT) last posted its quarterly earnings data on Monday, August 5th. The industrial products company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.02). The company had revenue of $603.95 million during the quarter, compared to analyst estimates of $643.95 million. Kennametal had a return on equity of 18.97% and a net margin of 10.19%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. As a group, equities analysts predict that Kennametal will post 1.81 EPS for the current year.
In other Kennametal news, Director Cindy L. Davis sold 4,644 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $34.15, for a total value of $158,592.60. Following the completion of the sale, the director now directly owns 11,529 shares of the company’s stock, valued at approximately $393,715.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.48% of the stock is currently owned by corporate insiders.
Kennametal Company Profile
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 operates through three segments: Industrial, Widia, and Infrastructure.
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