State of New Jersey Common Pension Fund D Purchases 13,706 Shares of Kennametal Inc. $KMT

State of New Jersey Common Pension Fund D grew its holdings in shares of Kennametal Inc. (NYSE:KMT) by 15.5% in the third quarter, Holdings Channel.com reports. The firm owned 102,214 shares of the industrial products company’s stock after buying an additional 13,706 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kennametal were worth $2,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of KMT. Royal Bank of Canada raised its position in shares of Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kennametal by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after buying an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock valued at $5,124,000 after acquiring an additional 28,020 shares during the period. Jane Street Group LLC lifted its position in shares of Kennametal by 39.3% during the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after acquiring an additional 64,907 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Kennametal by 217.3% in the second quarter. CWM LLC now owns 9,417 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 6,449 shares during the period.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays boosted their price objective on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. increased their price target on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. UBS Group increased their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $34.67.

Kennametal Trading Down 1.4%

Shares of Kennametal stock opened at $39.03 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. Kennametal Inc. has a 1 year low of $17.30 and a 1 year high of $41.74. The firm has a market cap of $2.97 billion, a PE ratio of 27.29, a PEG ratio of 0.68 and a beta of 1.50. The company has a 50 day simple moving average of $33.72 and a two-hundred day simple moving average of $26.99.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The firm had revenue of $529.53 million for the quarter, compared to analysts’ expectations of $514.70 million. During the same quarter last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. Analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.0%. Kennametal’s payout ratio is 55.94%.

Insider Activity

In other news, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the completion of the transaction, the vice president directly owned 1,634 shares in the company, valued at approximately $62,565.86. This represents a 75.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.43% of the company’s stock.

Kennametal Profile

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.