Judith Bacchus Sells 9,676 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 9,676 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the transaction, the vice president directly owned 15,721 shares of the company’s stock, valued at $476,189.09. The trade was a 38.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kennametal Price Performance

Shares of KMT traded down $0.81 during trading hours on Wednesday, hitting $29.66. 713,407 shares of the stock were exchanged, compared to its average volume of 1,404,795. The stock’s 50-day moving average price is $32.44 and its two-hundred day moving average price is $35.33. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.31 and a beta of 1.34.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The company had revenue of $736.61 million for the quarter, compared to analysts’ expectations of $725.74 million. During the same quarter in the previous year, the company posted $0.34 EPS. The firm’s quarterly 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. Research analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Dividend Announcement

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

Institutional Investors Weigh In On Kennametal

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Kennametal during the 2nd quarter worth approximately $440,446,000. California State Teachers Retirement System boosted its position in shares of Kennametal by 3,301.2% during the second quarter. California State Teachers Retirement System now owns 2,927,832 shares of the industrial products company’s stock worth $102,621,000 after buying an additional 2,841,750 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of Kennametal in the second quarter valued at $69,614,000. Medina Value Partners LLC purchased a new stake in shares of Kennametal in the 2nd quarter valued at $43,007,296. Finally, NFJ Investment Group LLC acquired a new position in Kennametal during the 2nd quarter worth about $36,202,000.

Wall Street Analyst Weigh In

KMT has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Finally, UBS Group dropped their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $34.07.

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.