Kennametal Inc (KMT) Files Form 4 Insider Buying : William J. Harvey Buys 517 Shares

Kennametal Inc (KMT): William J. Harvey , director of Kennametal Inc purchased 517 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $24.10 per share for a total value of $12,459.70 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, William J. Harvey (director) purchased 4,020 shares at $21.57 per share price.On Feb 11, 2016, Ronald M Defeo (CEO) purchased 14,280 shares at $17.46 per share price.Also, On Feb 11, 2016, Philip A Dur (director) purchased 4,825 shares at $17.61 per share price.On Feb 11, 2016, Cindy L Davis (director) purchased 1,600 shares at $17.35 per share price.

Shares of Kennametal (KMT) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.81 points or -3.25% at $24.11 with 8,52,350 shares getting traded. Post opening the session at $24.57, the shares hit an intraday low of $24.07 and an intraday high of $24.68 and the price vacillated in this range throughout the day. The company has a market cap of $1,921 M and the number of outstanding shares has been calculated to be 7,96,89,781 shares. The 52-week high of Kennametal is $36.405 and the 52-week low is $15.11.

Kennametal Money Flow Index Chart

Company has been under the radar of several Street Analysts.Kennametal is Reiterated by Barrington Research to Outperform and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $25 .The Rating was issued on May 9, 2016.Kennametal is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.Kennametal is Downgraded by Longbow to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 18, 2016.

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.

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