Insider Buying: Kennametal (NYSE:KMT) CEO Acquires $203,700.00 in Stock

Kennametal Inc. (NYSE:KMT) CEO Sanjay Chowbey bought 7,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $203,700.00. Following the transaction, the chief executive officer directly owned 246,839 shares in the company, valued at $7,183,014.90. This trade represents a 2.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kennametal Stock Performance

Shares of KMT stock opened at $29.45 on Monday. 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 has a 50 day simple moving average of $32.19 and a 200-day simple moving average of $35.12. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.29 and a beta of 1.34. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. The firm had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, equities analysts forecast that Kennametal Inc. will post 4.82 EPS for the current 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 is 18.18%.

Institutional Investors Weigh In On Kennametal

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 4,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kennametal by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after purchasing an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares in the last quarter. Jane Street Group LLC raised its position in shares of Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Kennametal during the 2nd quarter worth approximately $585,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMT. DA Davidson reduced their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. UBS Group lowered their target price on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $31.00 to $27.00 in a report on Monday, August 10th. JPMorgan Chase & Co. decreased their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research note on Monday, July 13th. Finally, Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $34.07.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company’s offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.