Kennametal Inc. $KMT Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Kennametal Inc. (NYSE:KMT) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,627 shares of the industrial products company’s stock after purchasing an additional 15,861 shares during the period. Empowered Funds LLC owned approximately 0.50% of Kennametal worth $13,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KMT. Dimensional Fund Advisors LP lifted its stake in Kennametal by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock valued at $134,964,000 after purchasing an additional 96,888 shares during the last quarter. State Street Corp increased its holdings in shares of Kennametal by 0.3% in the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after buying an additional 9,963 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kennametal by 15.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock valued at $83,039,000 after buying an additional 307,209 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Kennametal by 20.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock valued at $32,366,000 after acquiring an additional 265,664 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Kennametal by 3.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock valued at $38,167,000 after acquiring an additional 47,839 shares during the last quarter.

Kennametal Price Performance

Shares of NYSE:KMT opened at $33.56 on Thursday. The company’s fifty day moving average is $34.51 and its two-hundred day moving average is $36.33. The company has a market cap of $2.56 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities analysts expect that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Transactions at Kennametal

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the transaction, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock valued at $1,583,326 over the last three months. 1.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KMT shares. Morgan Stanley decreased their target price on Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $35.79.

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.