Sanjay Chowbey Purchases 7,000 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) CEO Sanjay Chowbey purchased 7,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $29.10 per share, with a total value of $203,700.00. Following the acquisition, the chief executive officer owned 246,839 shares in the company, valued at approximately $7,183,014.90. The trade was a 2.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kennametal Trading Up 1.8%

KMT stock traded up $0.53 during midday trading on Friday, hitting $29.66. The stock had a trading volume of 162,024 shares, compared to its average volume of 1,402,071. Kennametal Inc. has a 1-year low of $20.35 and a 1-year high of $43.81. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $32.27 and a two-hundred day moving average price of $35.19. The firm has a market cap of $2.26 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $0.34 EPS. The business’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, sell-side analysts predict that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Hedge Funds Weigh In On Kennametal

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Kennametal during the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 972 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after buying an additional 682 shares during the last quarter. Nykredit A S purchased a new position in Kennametal in the 2nd quarter worth approximately $37,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Kennametal during the second quarter valued at approximately $44,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group reduced their price objective on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Morgan Stanley lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $27.00 in a report on Monday, August 10th. Finally, DA Davidson dropped their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus 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.