Judith Bacchus Sells 9,676 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 9,676 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total transaction of $293,086.04. Following the completion of the sale, the vice president owned 15,721 shares of the company’s stock, valued at approximately $476,189.09. This represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kennametal Price Performance

Shares of KMT opened at $29.19 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The company has a 50 day moving average price of $32.27 and a 200-day moving average price of $35.19. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81. The stock has a market capitalization of $2.23 billion, a PE ratio of 6.63, a PEG ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue was up 42.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. 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 analysts predict that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is currently 18.18%.

Hedge Funds Weigh In On Kennametal

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management purchased a new stake in Kennametal during the 4th quarter valued at about $2,290,000. Deutsche Bank AG purchased a new position in shares of Kennametal in the second quarter worth about $9,166,000. William Blair Investment Management LLC acquired a new stake in shares of Kennametal during the second quarter worth about $69,614,000. Medina Value Partners LLC boosted its position in Kennametal by 72.7% in the fourth 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 during the last quarter. Finally, UBS Group AG boosted its position in Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after buying an additional 352,726 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMT. JPMorgan Chase & Co. dropped their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. DA Davidson lowered their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. UBS Group reduced their price objective on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Finally, Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Kennametal presently has a consensus rating of “Reduce” and an average target price of $34.07.

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.