Publications such as Zacks Research had placed it as a growth company in recent times. The growth comes amidst a reduction in shares by one of its largest stockholders; Argyle Capital Management Incorporated recently reduced its position in Kennametal Incorporated by 19.6 percent during the fourth quarter.

There has also been a noticeable increase in shares from companies such as Breton Hill Capital Limited (Purchasing a new stake worth US$989,000), Alpha Windward, Louisiana State Employees Retirement System among others.

Kennametal will announce the results before markets open on 3 February.