Advisors Preferred LLC Invests $3.25 Million in Kennametal Inc. $KMT

Advisors Preferred LLC acquired a new stake in shares of Kennametal Inc. (NYSE:KMT) during the 1st quarter, Holdings Channel reports. The fund acquired 89,919 shares of the industrial products company’s stock, valued at approximately $3,249,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Kennametal in the 4th quarter worth $28,000. Rockefeller Capital Management L.P. grew its position in shares of Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 972 shares in the last quarter. Danske Bank A S bought a new stake in Kennametal during the 4th quarter valued at approximately $31,000. Headlands Technologies LLC raised its stake in Kennametal by 80.7% during the 2nd 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, Smartleaf Asset Management LLC raised its stake in Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 1,228 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMT shares. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lowered their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $36.50.

Insiders Place Their Bets

In other news, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. 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 Kennametal stock in a transaction that occurred 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 completion of the transaction, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,000 shares of company stock valued at $1,583,326 over the last ninety days. 1.43% of the stock is owned by insiders.

Kennametal Price Performance

KMT stock opened at $34.35 on Wednesday. Kennametal Inc. has a 52 week low of $17.62 and a 52 week high of $43.81. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $35.89. The firm has a market capitalization of $2.62 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 0.22 and a beta of 1.36.

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

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.20 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.3%. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Kennametal 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.