Insider Activity in Limelight: Kennametal Inc. (KMT)

Kennametal Inc. (NYSE:KMT) insider has recently participated in insider trading activity. President and CEO, DEFEO RONALD M bought14,280 shares for $249,309 via one transaction Feb 09. Another notable insider trading was done by DUR PHILIP Aon Feb 09, who is the Director. The insider acquired 4,825 shares at an average price of $17.61. Moreover, an insider buying of 1,600 shares was carried out by Davis Cindy L, Director, on Feb 09. Following the transaction, the insider now owns 4,213shares in total. Director STRANGHOENER LAWRENCE W sold 6,160 shares for $228,561 through one transaction May 20. Following this sale, this insider’s stake in the company comprises 16,268 shares, priced at $290,546.48 as of Friday.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 1 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 32 times by insiders. In 20 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.

Kennametal Inc. (KMT) on February 9, 2016 announced the election of William M. Lambert to its board of directors.

Mr. Lambert, age 57, serves as the chairman, president and chief executive officer of MSA Safety Inc.

“We are pleased to welcome Bill Lambert as a member of Kennametal’s board of directors,” said Larry Stranghoener, Kennametal chairman. “Bill brings a reputation for innovation and a winning track record at driving profitable growth at MSA.”

Mr. Lambert joined MSA Safety in 1981, and under his leadership the company expanded its global footprint and leveraged its best-in-class technologies to become a worldwide leader in supplied-air respiratory protection systems, industrial head protection, gas and flame detection technology, and fall protection systems, serving the oil and gas, mining, construction, utility and municipal fire service markets.

Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. It operates through two segments, Industrial and Infrastructure. The company offers standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, and materials, including cemented tungsten carbide products, super alloys, coatings, and investment castings. It also manufactures and markets a line of tool holders, tool-holding systems, and rotary-cutting tools by machining and fabricating steel bars and other metal alloys. In addition, the company produces compacts and metallurgical powders; products made from tungsten carbide or other hard materials that are used for custom-engineered and applications, including mining and highway construction; and engineered components and surface technology solutions with proprietary metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing, and effecting controlled radii.