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Kennametal (NYSE:KMT) Stock Price Down 3.3% - Should You Sell?
Kennametal’s stock price fell 3.3% to $36.52 on Tuesday with significantly lower trading volume. Despite beating quarterly estimates and offering a 2.1% dividend yield, analysts maintain a “Hold” consensus rating with an average target price of $34.67. Recent insider stock sales also indicate some reduction in company holdings.