Timothy Mclevish, Director at Kennametal Inc. (NYSE:KMT), recently reported the acquisition of 18,000 shares of Common Stock, at a Price of $ 25.43 per share. The transaction was made as exercise or conversion of derivative security exempted pursuant to Rule 16b-3. Following this transaction, Mr. Mclevish owns 41,290 at this $ 3.40 Billion Market Cap Company, in a direct form. This is the first insider transaction effected in four years.
Moreover, important hedge funds are attracted by this supplier of tooling, engineered components and advanced materials company. Chuck Royce’s Royce & Associates currently holds more than 3.4 million shares at the company, with a value of more approximately $ 150 million, which represents 0.47% of the fund’s Equity Portfolio. A hedge fund which has over the last reported quarter engaged in activity at Kennametal Inc. (NYSE:KMT), is John W. Rogers’s Ariel Investments. This fund holds currently 1,417,909 securities at the company, with a value of more than $ 65 million. This amount represents 0.8% of the fund’s Equity Portfolio.