NFJ Investment Group LLC Makes New Investment in Kennametal Inc. $KMT

NFJ Investment Group LLC bought a new stake in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, Holdings Channel reports. The fund bought 1,032,869 shares of the industrial products company’s stock, valued at approximately $36,202,000. Kennametal accounts for approximately 1.2% of NFJ Investment Group LLC’s investment portfolio, making the stock its 25th largest holding.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Kennametal in the 2nd quarter worth approximately $440,446,000. Bank of New York Mellon Corp bought a new position in Kennametal during the 2nd quarter valued at approximately $33,949,000. Arrowstreet Capital Limited Partnership raised its stake in Kennametal by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after buying an additional 505,669 shares during the last quarter. Medina Value Partners LLC raised its stake in Kennametal by 72.7% during the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after buying an additional 407,487 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after acquiring an additional 352,726 shares in the last quarter.

Insiders Place Their Bets

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is owned by insiders.

Kennametal Stock Performance

KMT stock opened at $29.80 on Friday. The stock’s 50 day simple moving average is $33.95 and its 200 day simple moving average is $36.16. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. During the same quarter last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, research analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMT. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday, May 7th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a research note on Monday. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Finally, 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 research note on Monday, August 10th. 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 stock has an average rating of “Reduce” and a consensus target price of $34.07.

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.