Short Interest in Kennametal Inc. (NYSE:KMT) Expands By 21.3%

Kennametal Inc. (NYSE:KMT) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 3,411,279 shares, an increase of 21.3% from the February 12th total of 2,811,786 shares. Based on an average trading volume of 1,441,685 shares, the days-to-cover ratio is presently 2.4 days. Currently, 4.5% of the shares of the stock are sold short. Currently, 4.5% of the shares of the stock are sold short. Based on an average trading volume of 1,441,685 shares, the days-to-cover ratio is presently 2.4 days.

Insider Buying and Selling at Kennametal

In related news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the completion of the sale, the vice president owned 38,746 shares in the company, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the transaction, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. This trade represents a 75.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kennametal

Several institutional investors have recently bought and sold shares of KMT. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Kennametal in the 4th quarter valued at $28,000. Danske Bank A S purchased a new stake in Kennametal during the 4th quarter worth $31,000. Hantz Financial Services Inc. increased its holdings in Kennametal by 350.2% in the 3rd 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 in the last quarter. Headlands Technologies LLC raised its position in Kennametal by 80.7% in 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 during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in Kennametal by 116.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 860 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group set a $32.00 price objective on shares of Kennametal in a research report on Friday, February 6th. UBS Group lifted their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Barclays increased their target price on Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.67.

Kennametal Trading Down 1.0%

Shares of KMT stock traded down $0.40 on Monday, reaching $37.80. 997,758 shares of the stock were exchanged, compared to its average volume of 1,709,130. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.88 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.47. The firm has a 50 day moving average of $36.91 and a two-hundred day moving average of $28.94. Kennametal has a 1-year low of $17.30 and a 1-year high of $42.03.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $529.53 million for the quarter, compared to analysts’ expectations of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, research analysts anticipate that Kennametal will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were issued a $0.20 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.1%. Kennametal’s dividend payout ratio (DPR) is presently 55.94%.

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.