Kennametal Inc. Authorizes $200 Million Stock Buyback Plan

Kennametal Inc. (KMT) has released an update.

The Board of Directors has greenlit a new plan for the Company to buy back $200 million of its own common stock over the next three years. These repurchases, aligned with Rule 10b-18 of the Exchange Act, will occur periodically depending on market conditions and other influencing factors, and can be executed through open market transactions or private deals.

For further insights into KMT stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.