GSA Capital Partners LLP Purchases Shares of 33,873 Kennametal Inc. $KMT

GSA Capital Partners LLP purchased a new position in shares of Kennametal Inc. (NYSE:KMT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,873 shares of the industrial products company’s stock, valued at approximately $1,187,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Kennametal by 36.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after purchasing an additional 505,669 shares during the last quarter. Medina Value Partners LLC raised its holdings in shares of Kennametal by 72.7% during the 4th 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 in the last quarter. UBS Group AG lifted its position in Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after buying an additional 352,726 shares during the last quarter. Marshall Wace LLP boosted its stake in Kennametal by 776.9% in the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock worth $10,678,000 after buying an additional 332,981 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in Kennametal by 195.3% in the second quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock worth $10,859,000 after buying an additional 312,769 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on KMT. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Finally, Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Kennametal currently has an average rating of “Reduce” and an average target price of $34.07.

Kennametal Stock Up 1.6%

Shares of Kennametal stock opened at $31.71 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $34.17 and its two-hundred day simple moving average is $36.25. The company has a market cap of $2.42 billion, a P/E ratio of 7.21, a PEG ratio of 0.31 and a beta of 1.36. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81.

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

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Insider Buying and Selling

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the sale, the vice president directly owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. The trade was a 54.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sagar A. Patel sold 29,499 shares of the company’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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,000 shares of company stock valued at $1,583,326 over the last three months. Corporate 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.