Airain LTD Has Cut Kennametal (KMT) Holding By $616,198; Dynamo Internacional Gestao De Recursos Ltda Upped Praxair (PX) Position

October 11, 2017 - By Vivian Park

Airain Ltd decreased Kennametal Inc (KMT) stake by 59.33% reported in 2017Q2 SEC filing. Airain Ltd sold 16,654 shares as Kennametal Inc (KMT)’s stock declined 1.24%. The Airain Ltd holds 11,418 shares with $427,000 value, down from 28,072 last quarter. Kennametal Inc now has $3.32 billion valuation. The stock increased 1.03% or $0.42 during the last trading session, reaching $41.03. About 609,367 shares traded. Kennametal Inc. (NYSE:KMT) has risen 68.13% since October 11, 2016 and is uptrending. It has outperformed by 51.43% the S&P500.

Dynamo Internacional Gestao De Recursos Ltda increased Praxair Inc (PX) stake by 10.37% reported in 2017Q2 SEC filing. Dynamo Internacional Gestao De Recursos Ltda acquired 125,642 shares as Praxair Inc (PX)’s stock rose 10.06%. The Dynamo Internacional Gestao De Recursos Ltda holds 1.34M shares with $177.26M value, up from 1.21M last quarter. Praxair Inc now has $40.38 billion valuation. The stock declined 0.19% or $0.27 reaching $140.91 on the news. About 773,883 shares traded. Praxair, Inc. (NYSE:PX) has risen 17.42% since October 11, 2016 and is uptrending. It has outperformed by 0.72% the S&P500.

Analysts await Kennametal Inc. (NYSE:KMT) to report earnings on October, 25. They expect $0.38 earnings per share, up 245.45% or $0.27 from last year’s $0.11 per share. KMT’s profit will be $30.75 million for 26.99 P/E if the $0.38 EPS becomes a reality. After $0.56 actual earnings per share reported by Kennametal Inc. for the previous quarter, Wall Street now forecasts -32.14% negative EPS growth.

Airain Ltd increased Union Pacific Corp (NYSE:UNP) stake by 55,028 shares to 111,278 valued at $12.12M in 2017Q2. It also upped Harris Corp (NYSE:HRS) stake by 24,462 shares and now owns 54,908 shares. Basic Energy Services Inc was raised too.

Among 14 analysts covering Kennametal Inc. (NYSE:KMT), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. Kennametal Inc. had 36 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Sell” rating by UBS given on Wednesday, October 28. The firm earned “Outperform” rating on Thursday, December 17 by Barrington Research. The rating was downgraded by Longbow on Friday, March 18 to “Neutral”. On Thursday, August 17 the stock rating was upgraded by JP Morgan to “Overweight”. As per Tuesday, May 30, the company rating was maintained by Jefferies. On Thursday, February 4 the stock rating was upgraded by Longbow to “Neutral”. The rating was downgraded by Seaport Global to “Neutral” on Thursday, August 18. As per Friday, September 15, the company rating was maintained by KeyBanc Capital Markets. As per Thursday, August 3, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by Seaport Global Securities to “Buy” on Friday, February 3.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.33, from 0.88 in 2017Q1. It increased, as 27 investors sold KMT shares while 77 reduced holdings. 46 funds opened positions while 80 raised stakes. 76.13 million shares or 0.01% less from 76.14 million shares in 2017Q1 were reported. Legal And General Grp Public Limited Company invested in 0% or 110,291 shares. Tcw Group reported 54,692 shares. Ent Ser accumulated 36 shares. Ny State Teachers Retirement Systems accumulated 126,198 shares. Stevens Cap Mngmt LP has 58,745 shares for 0.08% of their portfolio. South Dakota Investment Council, a South Dakota-based fund reported 73,900 shares. Envestnet Asset Mgmt, a Illinois-based fund reported 1,240 shares. Northwestern Mutual Wealth Management invested in 0% or 160 shares. Vanguard Group Inc invested 0.02% of its portfolio in Kennametal Inc. (NYSE:KMT). Point72 Asset Mgmt Limited Partnership holds 0.01% of its portfolio in Kennametal Inc. (NYSE:KMT) for 63,300 shares. Florida-based Raymond James has invested 0% in Kennametal Inc. (NYSE:KMT). Panagora Asset Mngmt stated it has 0% in Kennametal Inc. (NYSE:KMT). Castleark Mngmt Limited Liability accumulated 0.33% or 272,573 shares. Profund Advisors Ltd Llc accumulated 10,516 shares. Teacher Retirement Systems Of Texas has 6,434 shares.

Since June 8, 2017, it had 0 buys, and 3 sales for $842,781 activity. $280,000 worth of stock was sold by MCLEVISH TIMOTHY R on Thursday, June 8. Shares for $282,744 were sold by WUNNING STEVEN H on Thursday, June 8. The insider DUR PHILIP A sold 7,000 shares worth $280,037.

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By1 Vivian Park




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