Empowered Funds LLC Purchases 15,861 Shares of Kennametal Inc. $KMT

Empowered Funds LLC increased its position in Kennametal Inc. (NYSE:KMT) by 4.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 377,627 shares of the industrial products company’s stock after acquiring an additional 15,861 shares during the period. Empowered Funds LLC’s holdings in Kennametal were worth $13,644,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Kennametal in the fourth quarter worth approximately $28,000. Rockefeller Capital Management L.P. raised its holdings in shares of Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares in the last quarter. Danske Bank A S bought a new position in shares of Kennametal during the 4th quarter valued at $31,000. Headlands Technologies LLC lifted its stake in shares of Kennametal by 80.7% in 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 last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Kennametal by 142.3% in 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 last quarter.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. reduced their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. 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 lowered Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson assumed coverage on Kennametal in a report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price for the company. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $35.79.

Kennametal Stock Performance

Shares of KMT opened at $33.56 on Thursday. The company has a market capitalization of $2.56 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The company’s fifty day moving average price is $34.51 and its 200 day moving average price is $36.33.

Kennametal (NYSE:KMT) last released 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 analysts’ expectations of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts expect that Kennametal Inc. will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the firm’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 sale, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 47,000 shares of company stock valued at $1,583,326. Insiders own 1.43% of the company’s stock.

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.