Kennametal (NYSE:KMT) VP Sells $397,870.56 in Stock

Kennametal Inc. (NYSE:KMT) VP Carlonda Reilly sold 12,013 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 directly owned 25,143 shares of the company’s stock, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Kennametal Trading Down 0.8%

Shares of NYSE:KMT opened at $32.65 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 $2.49 billion, a PE ratio of 18.45, a PEG ratio of 0.21 and a beta of 1.37. The business has a 50 day moving average of $36.71 and a two-hundred day moving average of $34.58. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts forecast that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Kennametal’s payout ratio is 45.20%.

Analyst Upgrades and Downgrades

KMT has been the subject of a number of recent analyst reports. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Jefferies Financial Group cut 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. Finally, JPMorgan Chase & Co. boosted their price target on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Kennametal currently has an average rating of “Reduce” and an average price target of $35.93.

Hedge Funds Weigh In On Kennametal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMT. Kohmann Bosshard Financial Services LLC acquired a new position in Kennametal during the fourth quarter worth $28,000. Rockefeller Capital Management L.P. boosted its stake in 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 buying an additional 972 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in 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 buying an additional 1,068 shares during the last quarter. Danske Bank A S acquired a new position in Kennametal during the fourth quarter worth $31,000. Finally, Headlands Technologies LLC boosted its stake in Kennametal by 80.7% during the second 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.

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.