SG Americas Securities LLC Purchases 25,947 Shares of Kennametal Inc. $KMT

SG Americas Securities LLC increased its position in shares of Kennametal Inc. (NYSE:KMT) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,207 shares of the industrial products company’s stock after purchasing an additional 25,947 shares during the period. SG Americas Securities LLC owned about 0.39% of Kennametal worth $10,846,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMT. LSV Asset Management bought a new stake in Kennametal in the 4th quarter valued at $2,290,000. Medina Value Partners LLC lifted its holdings in shares of Kennametal by 72.7% during the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after acquiring an additional 407,487 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in shares of Kennametal during the 4th quarter valued at about $1,911,000. UBS Group AG boosted its position in shares of Kennametal by 190.1% during the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 352,726 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock valued at $188,412,000 after acquiring an additional 155,566 shares during the period.

Insider Activity at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the transaction, the vice president owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Kennametal Trading Down 2.0%

Shares of KMT stock opened at $35.79 on Friday. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a market capitalization of $2.73 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.22 and a beta of 1.37. The firm has a 50-day moving average price of $36.16 and a 200 day moving average price of $35.43. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The firm had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Research analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. Kennametal’s dividend payout ratio is 45.20%.

Wall Street Analyst Weigh In

KMT has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research report on Thursday, May 7th. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. DA Davidson began coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $37.36.

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.