KLP Kapitalforvaltning AS Trims Position in Kennametal Inc. $KMT

KLP Kapitalforvaltning AS decreased its holdings in shares of Kennametal Inc. (NYSE:KMT) by 53.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,400 shares of the industrial products company’s stock after selling 19,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Kennametal were worth $343,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its stake in Kennametal by 65.9% during the 2nd quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock valued at $187,219,000 after acquiring an additional 3,238,093 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Kennametal by 63.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock worth $31,716,000 after purchasing an additional 534,978 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in shares of Kennametal during the second quarter worth $8,794,000. Russell Investments Group Ltd. grew its position in Kennametal by 828.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 414,132 shares of the industrial products company’s stock valued at $9,509,000 after buying an additional 369,548 shares during the last quarter. Finally, M&G PLC acquired a new position in Kennametal in the 2nd quarter valued at $7,764,000.

Kennametal News Roundup

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: JPMorgan raised its price target for KMT from $25 to $37 (while keeping an “underweight” rating) — the new target implies roughly a 10%+ upside from the current level, which likely helped buying interest. Benzinga
• Positive Sentiment: Zacks flagged an 8.3% surge on higher‑than‑average volume and noted that recent earnings estimate revisions could support further gains — momentum and volume spikes often attract short‑term investor attention. Kennametal (KMT) Surges 8.3%
• Positive Sentiment: Coverage highlighting KMT as a momentum and sector outperformer has been prominent this week, supporting investor interest and contributing to new highs. Is Kennametal (KMT) Outperforming Other Industrial Products Stocks This Year?
• Neutral Sentiment: Kennametal confirmed its Q2 FY2026 earnings call/webcast for Feb. 4 — a scheduled catalyst that could produce further volatility depending on results and guidance. Earnings Conference Call & Webcast
• Neutral Sentiment: Aggregated analyst coverage stories (e.g., a 7‑analyst roundup and Zacks pieces on long‑term momentum) provide broader context but include mixed views — useful for gauging consensus but not definitive near‑term signals. What 7 Analyst Ratings Have To Say About Kennametal
• Negative Sentiment: Some published targets remain below the current share price — e.g., a reported target of $28.43 — and a consensus analyst recommendation of “Hold” limits upside conviction for more conservative investors. Kennametal (KMT) price target increased by 10.40% to 28.43

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, Barclays upped their price objective on Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Kennametal currently has an average rating of “Hold” and an average target price of $30.00.

Kennametal Stock Performance

KMT opened at $33.47 on Thursday. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $34.14. The stock has a market cap of $2.55 billion, a P/E ratio of 27.43, a P/E/G ratio of 4.31 and a beta of 1.48. The stock’s 50 day simple moving average is $28.39 and its 200 day simple moving average is $24.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.Kennametal’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is 65.57%.

About Kennametal

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.