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Kennametal Inc V.KMT


Primary Symbol: KMT

Kennametal Inc. is an industrial technology company that delivers productivity to customers through materials science, tooling and wear-resistant solutions. The Company helps customers in the aerospace & defense, earthworks, energy, general engineering and transportation end markets. The Company's core expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. The Company operates through two segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders.


NYSE:KMT - Post by User

Post by atikaon Dec 17, 2016 11:07am
145 Views
Post# 25614253

New insider buying

New insider buying Hi Data101. What an interesting finding you made ! For the first time, we have an institution who bought shares of Komet with a 12 month target price of 1.28$.
It gives to the actual or potential shareholders a big boost of confidence because we must presume that  Hallgartenco had access to a very accurate information concerning Komet's actual situation and future development.
By the way, we also learned - through canadianinsider.com - that Robert Wares just bought on December 9th, another 105,000 shares at 0.44 cents. As well, we must presume that Mr. Wares, as the chairman of the board, was convinced to add to his already large position because 2017 will be THE YEAR !
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