Hot Defensive Stocks To Buy Right Now

Hot Defensive Stocks To Buy Right Now: Kennametal Inc. (KMT)

Kennametal Inc. manufactures and supplies tooling, engineered components, and advanced materials consumed in production processes worldwide. The company operates in two segments, Industrial and Infrastructure. It offers standard and customized technologies for metalworking, such as metal cutting tools, tooling systems, and services, as well as 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; and tungsten powders, tungsten heavy alloys, tungsten carbide materials, and tungsten carbide cutting tools. 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 s urface technology solutions with proprietary metal cladding capabilities, as well as process technology and materials that focus on component deburring, polishing, and effecting controlled radii. The Industrial segment serves customers primarily in the aerospace, defense, transportation, and general engineering market sectors, as well as the machine tool industry; and offers its products and services for use in the manufacture of engines, airframes, automobiles, trucks, ships, and various types of industrial equipment. The Infrastructure segment serves customers in energy and earthworks sectors who support primary industries, such as oil and gas; power generation; food and beverage; chemicals; underground, and surface and hard-rock mining, highway construction, and road maintenance. The company sells its products through direct sales force; network of independent distributors and sales agents; and Internet. Kennametal Inc. was founded in 1938 and is headquartere! d in Latrobe , Pennsylvania.

Advisors' Opinion:

• [By Monica Wolfe]

  Kennametal (KMT)

  Richard Snow (Trades, Portfolio)s fifth largest position is in Kennametal where he holds on to 1,872,839 shares of the companys stock. This position represents 3.3% of his total portfolio as well as 2.41% of the companys shares outstanding.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-defensive-stocks-to-buy-right-now-2.html