Ieq Capital LLC Invests $963,000 in Kennametal Inc. $KMT

Ieq Capital LLC bought a new position in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,465 shares of the industrial products company’s stock, valued at approximately $963,000.

Several other hedge funds have also recently bought and sold shares of KMT. Baron Wealth Management LLC lifted its position in Kennametal by 3.8% during the first quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after buying an additional 439 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Kennametal by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 450 shares in the last quarter. ARK Investment Management LLC boosted its position in Kennametal by 16.6% during the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 457 shares during the period. Smartleaf Asset Management LLC boosted its position in Kennametal by 21.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,088 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 551 shares during the period. Finally, New Age Alpha Advisors LLC increased its holdings in Kennametal by 5.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 10,977 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 567 shares in the last quarter.

Insiders Place Their Bets

In other news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,000 shares of company stock worth $1,583,326 in the last three months. 1.43% of the stock is owned by insiders.

Kennametal Stock Performance

Shares of KMT stock opened at $30.17 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The company’s fifty day moving average price is $33.33 and its two-hundred day moving average price is $35.88. The firm has a market capitalization of $2.30 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.30 and a beta of 1.36. Kennametal Inc. has a 12 month low of $20.35 and a 12 month high of $43.81.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The company had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. During the same period last year, the firm earned $0.34 earnings per share. The company’s revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, research analysts anticipate that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Thursday, May 7th. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. Finally, UBS Group decreased their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $34.07.

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.