Legato Capital Management LLC Cuts Stock Position in Kennametal Inc. $KMT

Legato Capital Management LLC lessened its position in shares of Kennametal Inc. (NYSE:KMT) by 41.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,477 shares of the industrial products company’s stock after selling 23,632 shares during the quarter. Legato Capital Management LLC’s holdings in Kennametal were worth $701,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KMT. Hantz Financial Services Inc. increased its position in shares of Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,068 shares in the last quarter. Headlands Technologies LLC grew 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 worth $35,000 after buying an additional 682 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Kennametal by 116.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after buying an additional 860 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Kennametal by 142.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Kennametal by 47.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,762 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 895 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMT has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Morgan Stanley upped their target price on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. UBS Group raised their target price on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.67.

Kennametal Trading Up 3.3%

Shares of Kennametal stock opened at $41.91 on Thursday. The firm has a fifty day moving average price of $35.36 and a 200 day moving average price of $27.92. The stock has a market cap of $3.19 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 0.69 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 Inc. has a 1 year low of $17.30 and a 1 year high of $42.03.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The business had revenue of $529.53 million during the quarter, compared to analysts’ expectations of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. 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 predict that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, February 10th. Kennametal’s dividend payout ratio is currently 55.94%.

Insider Activity at Kennametal

In related news, VP John Wayne Witt sold 5,060 shares of the firm’s stock in a transaction 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 sale, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. This trade represents a 75.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.43% of the stock is owned by insiders.

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.