Ieq Capital LLC Invests $963,000 in Kennametal Inc. $KMT

Ieq Capital LLC purchased a new position in Kennametal Inc. (NYSE:KMT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,465 shares of the industrial products company’s stock, valued at approximately $963,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMT. C M Bidwell & Associates Ltd. acquired a new stake in Kennametal during the second quarter valued at approximately $70,000. Allworth Financial LP bought a new stake in shares of Kennametal in the 2nd quarter valued at approximately $25,000. NFJ Investment Group LLC bought a new stake in shares of Kennametal in the 2nd quarter valued at approximately $36,202,000. Virtus Advisers LLC bought a new stake in shares of Kennametal in the 2nd quarter valued at approximately $679,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Kennametal during the 2nd quarter valued at approximately $2,436,000.

Analyst Ratings Changes

Several brokerages recently issued reports on KMT. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Morgan Stanley lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $31.00 to $27.00 in a research note on Monday, August 10th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, UBS Group decreased their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Hold rating and four have assigned 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 Trading Up 0.5%

Shares of NYSE KMT opened at $30.17 on Friday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. 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 stock’s 50 day simple moving average is $33.33 and its 200 day simple moving average is $35.88.

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 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 firm had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. During the same period in the prior year, the business earned $0.34 EPS. The firm’s revenue 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. Equities research analysts expect that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Kennametal’s dividend payout ratio is currently 18.18%.

Insider Buying and Selling

In related news, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Judith L. Bacchus sold 5,488 shares of Kennametal 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 completion of the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,000 shares of company stock valued at $1,583,326 in the last quarter. Company insiders own 1.43% of the company’s stock.

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.