Kennametal Inc. (NYSE:KMT) Short Interest Update

Kennametal Inc. (NYSE:KMT) was the target of a large increase in short interest in 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 daily volume of 1,441,685 shares, the days-to-cover ratio is presently 2.4 days. Approximately 4.5% of the company’s stock are sold short. Approximately 4.5% of the company’s stock are sold short. Based on an average daily volume of 1,441,685 shares, the days-to-cover ratio is presently 2.4 days.

Insider Activity at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.31, for a total transaction of $486,917.10. Following the transaction, the vice president directly owned 38,746 shares in the company, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the transaction, the vice president directly owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kennametal

Several hedge funds have recently modified their holdings of the stock. OLD National Bancorp IN boosted its stake in Kennametal by 3.8% in the 4th quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 377 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 446 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Kennametal by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock worth $420,000 after buying an additional 450 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Kennametal by 16.6% during the fourth quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock worth $91,000 after buying an additional 457 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Kennametal by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock worth $129,000 after buying an additional 461 shares during the period.

Kennametal Stock Down 0.9%

NYSE KMT traded down $0.32 on Tuesday, hitting $37.46. The stock had a trading volume of 1,640,253 shares, compared to its average volume of 1,615,195. The business’s fifty day moving average price is $36.91 and its 200 day moving average price is $28.94. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 0.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. Kennametal has a 52-week low of $17.30 and a 52-week high of $42.03.

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

Kennametal Announces Dividend

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

Analyst Ratings Changes

KMT has been the topic of a number of analyst reports. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. Barclays raised their price objective on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, February 9th. UBS Group lifted their target price on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley boosted their target price on shares of Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.67.

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.