Dividend Growth of Kennametal Inc.(KMT)

Kennametal (KMT) is having a Dividend Yield of 2.05% with the Annual cash Dividend per share of $0.8. The last quarter cash dividend per share pay out was $0.2. Kennametal has a 5 year average dividend yield of 2.12% and the stock has a Indicated annual dividend of $0.8. Kennametal (KMT) formally announced its most recent dividend on February 2, 2017 with a Dividend per share of $0.2. The new indicated annual dividend based on announced dividend per share is $0.8. The dividend yield based on the forward looking indicated annual dividend is 2.05%. Kennametal (KMT) has the most recent dividend payout ratio of 0.69 with a 5-year average payout ratio of 0.38. The Ex-Dividend amount last paid was $0.2 on February 10, 2017. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.31. The 5 year historical dividend growth of Kennametal (KMT) is at the rate of 7.34% while the R-Squared dividend growth is 0.86. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Kennametal Inc. (NYSE:KMT) rose 0.08% or 0.03 points on Thursday and made its way into the gainers of the day. After trading began at $39.01 the stock was seen hitting $39.15 as a peak level and $38.71 as the lowest level. The stock ended up at $39.04. The daily volume was measured at 760,080 shares. The 52-week high of the share price is $39.17 and the 52-week low is $17.73. The company has a market cap of $3,131 million. Shares of Kennametal Inc. rose by 4.11% in the last five trading days and 13.4% for the last 4 weeks. Kennametal Inc. is up 13.34% in the last 3-month period. Year-to-Date the stock performance stands at 25.55%.

Currently the company Insiders own 3% of Kennametal Inc. shares according to the proxy statements. Institutional Investors own 99.15% of Kennametal Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -39.28%. Company has reported several Insider transactions to the SEC, on Nov 14, 2016, Judith L Bacchus (Vice President) sold 4,000 shares at 33.92 per share price.On Jun 14, 2016, William J. Harvey (director) purchased 517 shares at 24.10 per share price.On Feb 11, 2016, Ronald M Defeo (CEO) purchased 14,280 shares at 17.46 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Kennametal was Upgraded by JP Morgan to Neutral on Feb 3, 2017. Company shares were Upgraded by Seaport Global Securities on Feb 3, 2017 to Buy, Raises Price Target to $ 50 from a previous price target of $28 .Kennametal was Upgraded by BofA/Merrill to Neutral on Jan 13, 2017. Kennametal was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 10, 2017. Kennametal was Downgraded by JP Morgan to Underweight on Dec 9, 2016.

Kennametal Last issued its quarterly earnings results on Feb 1, 2017. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.21. The company had revenue of $487.60 million for the quarter, compared to analysts expectations of $487.58 million. The companys revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Kennametal Inc. is a leading global supplier of tooling, engineered components and advanced materials consumed in production processes. The company improves customers competitiveness by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains.


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