Kennametal (NYSE:KMT) VP Judith Bacchus Sells 5,488 Shares of Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 5,488 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kennametal Stock Performance

KMT stock opened at $36.49 on Wednesday. The stock’s 50 day simple moving average is $36.53 and its 200 day simple moving average is $35.03. The stock has a market capitalization of $2.78 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 0.23 and a beta of 1.37. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81.

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

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Institutional Investors Weigh In On Kennametal

Institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its stake in Kennametal by 3,600.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after buying an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Kennametal in the 4th quarter worth $28,000. Danske Bank A S purchased a new stake in Kennametal in the 4th quarter worth $31,000. Headlands Technologies LLC increased its stake in Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,228 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMT. JPMorgan Chase & Co. increased their price target on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a report on Thursday, May 7th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson raised Kennametal to a “hold” rating and set a $34.00 target price on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kennametal currently has a consensus rating of “Reduce” and an average price target of $35.69.

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.