The L.S. Starrett Company (SCX) Reaches $6.05 52-Week Low; Kennametal Inc. (KMT) Had 6 Bullish Analysts

April 17, 2018 - By Vivian Park

The L.S. Starrett Company (NYSE:SCX) Logo

The stock of The L.S. Starrett Company (NYSE:SCX) hit a new 52-week low and has $5.69 target or 6.00% below today’s $6.05 share price. The 6 months bearish chart indicates high risk for the $43.51 million company. The 1-year low was reported on Apr, 17 by Barchart.com. If the $5.69 price target is reached, the company will be worth $2.61M less. The stock decreased 1.20% or $0.07 during the last trading session, reaching $6.05. About 2,690 shares traded. The L.S. Starrett Company (NYSE:SCX) has declined 36.49% since April 17, 2017 and is downtrending. It has underperformed by 48.04% the S&P500.

Among 16 analysts covering Kennametal Inc. (NYSE:KMT), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Kennametal Inc. had 48 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Kennametal Inc. (NYSE:KMT) earned “Hold” rating by Stifel Nicolaus on Thursday, October 5. As per Friday, August 4, the company rating was upgraded by Wells Fargo. The company was maintained on Wednesday, April 5 by Jefferies. BMO Capital Markets maintained it with “Hold” rating and $40 target in Friday, April 21 report. Jefferies maintained Kennametal Inc. (NYSE:KMT) rating on Monday, September 18. Jefferies has “Buy” rating and $50.0 target. The stock of Kennametal Inc. (NYSE:KMT) earned “Neutral” rating by Longbow on Friday, March 18. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, September 15. The stock has “Hold” rating by BMO Capital Markets on Monday, August 21. The stock of Kennametal Inc. (NYSE:KMT) earned “Buy” rating by J.P. Morgan on Thursday, August 17. Seaport Global downgraded the stock to “Neutral” rating in Thursday, August 18 report. See Kennametal Inc. (NYSE:KMT) latest ratings:

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
05/02/2018 Broker: J.P. Morgan Rating: Hold New Target: $48.0 Downgrade
04/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $52.0 Maintain
02/02/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $51 New Target: $52 Maintain
18/01/2018 Broker: Jefferies Rating: Buy New Target: $60.0 Maintain
08/01/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $56.0 Maintain
13/12/2017 Broker: BMO Capital Markets Rating: Market Perform Old Target: $45 New Target: $52 Maintain
03/11/2017 Broker: Credit Suisse Rating: Neutral Old Target: $40 New Target: $45 Maintain
02/11/2017 Broker: Jefferies Rating: Buy New Target: $55.0 Maintain

Investors sentiment increased to 1.8 in 2017 Q4. Its up 0.58, from 1.22 in 2017Q3. It improved, as 3 investors sold The L.S. Starrett Company shares while 7 reduced holdings. 6 funds opened positions while 12 raised stakes. 2.95 million shares or 6.18% more from 2.78 million shares in 2017Q3 were reported. Gsa Prtnrs Limited Liability Partnership has 0.02% invested in The L.S. Starrett Company (NYSE:SCX). Morgan Stanley holds 297,379 shares. Bancshares Of America De has invested 0% in The L.S. Starrett Company (NYSE:SCX). Walthausen Co Lc invested in 29,990 shares or 0.02% of the stock. Rbf Capital Lc invested in 131,221 shares or 0.12% of the stock. Qci Asset Incorporated Ny reported 0.05% in The L.S. Starrett Company (NYSE:SCX). Ancora Advsrs Limited Company reported 0.02% in The L.S. Starrett Company (NYSE:SCX). Bridgeway Cap Mngmt invested in 0.01% or 74,246 shares. Morgan Dempsey Capital Management Limited Liability Co accumulated 0.04% or 13,840 shares. Acadian Asset Llc holds 221 shares or 0% of its portfolio. Wells Fargo Mn holds 2,001 shares. 307,974 are held by Gamco Invsts Et Al. Jacobs Levy Equity holds 0% of its portfolio in The L.S. Starrett Company (NYSE:SCX) for 11,540 shares. National Bank & Trust Of Ny Mellon Corporation holds 21,511 shares or 0% of its portfolio. 9,668 are held by Us National Bank De.

The L.S. Starrett Company manufactures and sells industrial, professional, and consumer measuring and cutting tools and related products primarily in North America, Brazil, China, and the United Kingdom. The company has market cap of $43.51 million. The company's products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products. It currently has negative earnings. It also provides measuring tools, such as micrometers, vernier calipers, height gages, depth gages, electronic gages, dial indicators, steel rules, and combination squares, as well as custom, non-contact, and in-process gaging products comprising optical, vision, and laser measurement systems; and force measurement and material test equipment.

Since March 12, 2018, it had 1 buy, and 0 sales for $41,740 activity. $41,740 worth of stock was bought by RIORDAN THOMAS J on Monday, March 12.

The stock increased 0.91% or $0.365 during the last trading session, reaching $40.625. About 376,350 shares traded. Kennametal Inc. (NYSE:KMT) has risen 10.68% since April 17, 2017 and is uptrending. It has underperformed by 0.87% the S&P500.

Since December 13, 2017, it had 0 buys, and 1 sale for $960,000 activity. The insider MCLEVISH TIMOTHY R sold 20,000 shares worth $960,000.

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 $3.31 billion. It operates through three divisions: Industrial, Widia, and Infrastructure. It has a 23.11 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.

Investors sentiment increased to 1.14 in Q4 2017. Its up 0.05, from 1.09 in 2017Q3. It is positive, as 25 investors sold Kennametal Inc. shares while 81 reduced holdings. 48 funds opened positions while 73 raised stakes. 77.55 million shares or 0.03% more from 77.53 million shares in 2017Q3 were reported. Us Bank & Trust De invested in 0% or 1,809 shares. House Lc reported 6,400 shares. Amp holds 0.04% or 153,821 shares. Retirement Systems Of Alabama holds 0.02% of its portfolio in Kennametal Inc. (NYSE:KMT) for 104,799 shares. D E Shaw Inc has invested 0.01% of its portfolio in Kennametal Inc. (NYSE:KMT). Zacks Inv Mgmt stated it has 0.04% in Kennametal Inc. (NYSE:KMT). Swiss Bankshares accumulated 137,400 shares. Moreover, Bogle Mngmt L P De has 0.13% invested in Kennametal Inc. (NYSE:KMT). Ameritas Inv Ptnrs stated it has 0.12% of its portfolio in Kennametal Inc. (NYSE:KMT). Ariel Invests Llc owns 2.83% invested in Kennametal Inc. (NYSE:KMT) for 5.19M shares. State Treasurer State Of Michigan stated it has 29,160 shares or 0.01% of all its holdings. Amer Gp reported 220,109 shares. California Employees Retirement Sys, a California-based fund reported 182,910 shares. Brown Advisory, a Maryland-based fund reported 6,708 shares. Geode Cap Mgmt Limited Liability Company holds 666,382 shares or 0.01% of its portfolio.

Kennametal Inc. (NYSE:KMT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: