Kennametal (NYSE:KMT) Director Sagar Patel Sells 29,499 Shares

Kennametal Inc. (NYSE:KMT) Director Sagar Patel sold 29,499 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kennametal Stock Up 1.0%

Kennametal stock traded up $0.34 during midday trading on Tuesday, reaching $33.59. The stock had a trading volume of 620,294 shares, compared to its average volume of 1,453,564. The company has a fifty day moving average price of $36.66 and a two-hundred day moving average price of $34.69. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.56 billion, a P/E ratio of 18.94, a PEG ratio of 0.21 and a beta of 1.37.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities analysts expect that Kennametal Inc. will post 2.99 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Institutional Investors Weigh In On Kennametal

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Kennametal during the 4th quarter worth $28,000. Rockefeller Capital Management L.P. raised its holdings in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Kennametal by 350.2% in the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,068 shares during the last quarter. Danske Bank A S bought a new position in shares of Kennametal during the fourth quarter valued at about $31,000. Finally, Headlands Technologies LLC lifted its position in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research report on Thursday, May 7th. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $35.93.

Kennametal Company 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.