Roosevelt Investment Group Has Increased By $435,072 Its Johnson Johnson (JNJ) Stake; Kennametal Inc. (KMT) Had 1 Bullish Analysts

August 10, 2018 - By Palma Niemeyer

Kennametal Inc. (NYSE:KMT) Logo

Among 7 analysts covering Kennametal Inc (NYSE:KMT), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Kennametal Inc had 9 analyst reports since February 15, 2018 according to SRatingsIntel. The stock has “Buy” rating by Wells Fargo on Thursday, April 19. The firm earned “Neutral” rating on Tuesday, April 10 by JP Morgan. The stock of Kennametal Inc. (NYSE:KMT) earned “Hold” rating by Wells Fargo on Wednesday, June 20. On Wednesday, August 8 the stock rating was downgraded by Bank of America to “Underperform”. BMO Capital Markets maintained it with “Market Perform” rating and $46 target in Wednesday, August 8 report. The firm has “Hold” rating by Stifel Nicolaus given on Friday, May 4. The firm has “Hold” rating given on Tuesday, April 17 by BMO Capital Markets. See Kennametal Inc. (NYSE:KMT) latest ratings:

08/08/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $42 New Target: $46 Maintain
08/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Old Target: $52 Downgrade
20/06/2018 Broker: Wells Fargo Rating: Hold Downgrade
04/05/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $52 New Target: $45 Maintain
01/05/2018 Broker: Barrington Rating: Buy New Target: $53.0000
19/04/2018 Broker: Wells Fargo Rating: Buy New Target: $48.0000 Maintain
17/04/2018 Broker: BMO Capital Markets Rating: Hold New Target: $46.0000 Maintain
10/04/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $48 New Target: $45 Maintain
15/02/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $47 Initiates Coverage On

Roosevelt Investment Group Inc increased Johnson Johnson (JNJ) stake by 1.68% reported in 2018Q1 SEC filing. Roosevelt Investment Group Inc acquired 3,399 shares as Johnson Johnson (JNJ)’s stock declined 8.03%. The Roosevelt Investment Group Inc holds 206,148 shares with $26.42 million value, up from 202,749 last quarter. Johnson Johnson now has $352.09B valuation. The stock increased 0.03% or $0.04 during the last trading session, reaching $131.24. About 149,898 shares traded. Johnson & Johnson (NYSE:JNJ) has declined 4.75% since August 10, 2017 and is downtrending. It has underperformed by 17.32% the S&P500. Some Historical JNJ News: 02/05/2018 – J&J TO HOST CONSUMER & MEDICAL DEVICES REVIEW; 02/04/2018 – J J EXPORTERS LTD JJEX.BO SAYS CO APPROVES SALE OF PLANT, MACHINERY OF BHAGALPUR UNIT; 17/04/2018 – $JNJ dumps a failed PhIII antibiotic program picked up in Actelion buyout; 05/04/2018 – Former Acelity, J&J Executive Joins Organogenesis as Vice President of Global Medical & Clinical Affairs; 02/04/2018 – Deutsche Health Adds Danaher, Exits Varian, Cuts J&J; 17/04/2018 – J&J JNJ.N SEES FY 2018 SALES $81 BLN TO $81.8 BLN; 18/05/2018 – Johnson & Johnson scraps Alzheimer’s trials on safety concerns; 21/05/2018 – J&J: EMBOTRAP II STENT RETRIEVER FOR ISCHEMIC STROKE; 17/04/2018 – Johnson & Johnson Raises Sales Outlook; 17/04/2018 – J&J QTRLY WORLDWIDE INVOKANA/INVOKAMET SALES $248 MLN VS $284 MLN REPORTED LAST YR

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 has market cap of $3.24 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 16.41 P/E ratio. The companyÂ’s product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the gas and oil industry, as well as power generation.

More news for Kennametal Inc. (NYSE:KMT) were recently published by: Seekingalpha.com, which released: “Kennametal Inc. 2018 Q4 – Results – Earnings Call Slides” on August 07, 2018. Seekingalpha.com‘s article titled: “Kennametal (KMT) Q4 2018 Results – Earnings Call Transcript” and published on August 07, 2018 is yet another important article.

The stock decreased 1.34% or $0.54 during the last trading session, reaching $39.72. About 667,610 shares traded. Kennametal Inc. (NYSE:KMT) has declined 0.13% since August 10, 2017 and is downtrending. It has underperformed by 12.70% the S&P500. Some Historical KMT News: 16/03/2018 – Kennametal May Benefit, Industry Posts 15th Consecutive Gain; 26/04/2018 – Kennametal to Attend Wells Fargo Industrials Conference on May 9, 2018; 02/05/2018 – KENNAMETAL SEES FY ADJ EPS $2.55 TO $2.65; 13/03/2018 – FITCH AFFIRMS KENNAMETAL AT ‘BBB’; OUTLOOK REVISED TO STABLE FR; 01/04/2018 – Mumbai Bourse: Press Release From Kennametal India Ltd; 24/05/2018 – Kennametal Names Lorraine Martin To Board Of Directors; 10/05/2018 – KENNAMETAL INDIA LTD KENI.BO – DECLARED INTERIM DIVIDEND OF 2 RUPEES PER SHARE; 13/03/2018 – KENNAMETAL OUTLOOK REVISED TO STABLE FROM NEGATIVE BY FITCH; 08/05/2018 – Kennametal at Wells Fargo Industrials Conference Tomorrow; 12/05/2018 – BSE Mumbai Bourse: Results from Kennametal India for Jan 01 to Mar 31

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.13, from 1.14 in 2017Q4. It turned negative, as 26 investors sold Kennametal Inc. shares while 84 reduced holdings. 39 funds opened positions while 72 raised stakes. 80.09 million shares or 3.27% more from 77.55 million shares in 2017Q4 were reported. Barrow Hanley Mewhinney & Strauss holds 0.01% or 135,357 shares. The France-based Fund Management Sa has invested 0.03% in Kennametal Inc. (NYSE:KMT). Raymond James & Assocs holds 0% or 9,605 shares in its portfolio. Dekabank Deutsche Girozentrale stated it has 33,900 shares. Federated Invsts Pa has 0.07% invested in Kennametal Inc. (NYSE:KMT) for 592,267 shares. Ameritas Investment Ptnrs holds 49,857 shares. Financial Bank Of America De reported 373,723 shares. Clarivest Asset Llc owns 84,718 shares for 0.06% of their portfolio. Daiwa Securities Grp Incorporated has invested 0.04% in Kennametal Inc. (NYSE:KMT). Morgan Stanley, a New York-based fund reported 388,640 shares. 179,799 are owned by Millennium Ltd Liability Com. Bank & Trust Of Montreal Can owns 9,739 shares for 0% of their portfolio. Tinicum Incorporated owns 31.36% invested in Kennametal Inc. (NYSE:KMT) for 2.40 million shares. Shelton Capital Management owns 5,634 shares or 0.01% of their US portfolio. Virginia Retirement System Et Al owns 40,800 shares.

Since June 11, 2018, it had 0 insider buys, and 1 insider sale for $271,090 activity. STRANGHOENER LAWRENCE W had sold 7,000 shares worth $271,090.

Among 10 analysts covering Johnson \u0026 Johnson (NYSE:JNJ), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Johnson \u0026 Johnson had 15 analyst reports since February 27, 2018 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, April 13. The company was maintained on Friday, March 23 by Jefferies. Leerink Swann maintained it with “Buy” rating and $16000 target in Wednesday, April 18 report. Citigroup maintained the shares of JNJ in report on Tuesday, February 27 with “Neutral” rating. Wells Fargo maintained the shares of JNJ in report on Wednesday, April 18 with “Buy” rating. Leerink Swann maintained the stock with “Buy” rating in Thursday, May 17 report. The firm has “Hold” rating given on Wednesday, April 18 by Stifel Nicolaus. Morgan Stanley maintained Johnson & Johnson (NYSE:JNJ) rating on Tuesday, April 10. Morgan Stanley has “Equal-Weight” rating and $143 target. The firm earned “Neutral” rating on Thursday, July 12 by Goldman Sachs. The firm has “Outperform” rating by Credit Suisse given on Friday, April 20.

Since February 15, 2018, it had 0 buys, and 1 insider sale for $20.17 million activity. 155,342 Johnson & Johnson (NYSE:JNJ) shares with value of $20.17M were sold by Stoffels Paulus.

Roosevelt Investment Group Inc decreased Boeing Co (NYSE:BA) stake by 5,030 shares to 14,191 valued at $4.65M in 2018Q1. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 30,216 shares and now owns 228,851 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

Investors sentiment increased to 0.93 in Q1 2018. Its up 0.06, from 0.87 in 2017Q4. It improved, as 63 investors sold JNJ shares while 831 reduced holdings. 111 funds opened positions while 720 raised stakes. 1.71 billion shares or 0.80% less from 1.72 billion shares in 2017Q4 were reported. Barbara Oil owns 102,000 shares. Invsts Asset Mgmt Of Georgia Ga Adv has 1.33% invested in Johnson & Johnson (NYSE:JNJ). Mcrae Capital Mngmt Inc owns 23,158 shares for 1.34% of their portfolio. Torch Wealth Mngmt accumulated 20,977 shares or 1.74% of the stock. Lsv Asset Mgmt owns 8.92M shares or 1.82% of their US portfolio. 71,746 were reported by Trillium Asset Mgmt Ltd Llc. Continental Advisors Limited Co stated it has 0.16% of its portfolio in Johnson & Johnson (NYSE:JNJ). Schulhoff And holds 4.23% or 56,260 shares. Saybrook Cap Nc reported 4.08% in Johnson & Johnson (NYSE:JNJ). Roberts Glore Il invested 4.25% in Johnson & Johnson (NYSE:JNJ). Hugh Johnson Limited Liability Corporation owns 6,540 shares or 0.25% of their US portfolio. Moreover, Cincinnati Casualty has 2.87% invested in Johnson & Johnson (NYSE:JNJ) for 25,000 shares. Hillsdale Mngmt holds 0.06% in Johnson & Johnson (NYSE:JNJ) or 3,135 shares. Moreover, Colonial Tru Advsrs has 3.29% invested in Johnson & Johnson (NYSE:JNJ) for 126,009 shares. Uss Investment Mgmt Limited has 114,407 shares.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

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