Kennametal Inc. $KMT Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lessened its position in Kennametal Inc. (NYSE:KMT) by 27.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,295,612 shares of the industrial products company’s stock after selling 491,511 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kennametal were worth $27,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its position in Kennametal by 9.2% in the third quarter. CWM LLC now owns 10,286 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 869 shares during the period. Azarias Capital Management L.P. raised its stake in shares of Kennametal by 31.8% during the 3rd quarter. Azarias Capital Management L.P. now owns 364,357 shares of the industrial products company’s stock worth $7,626,000 after buying an additional 87,906 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Kennametal by 23.3% in the 3rd quarter. Inspire Investing LLC now owns 25,738 shares of the industrial products company’s stock valued at $539,000 after buying an additional 4,867 shares during the period. OLD National Bancorp IN purchased a new stake in shares of Kennametal in the third quarter valued at approximately $206,000. Finally, Voya Investment Management LLC grew its holdings in Kennametal by 3.4% during the third quarter. Voya Investment Management LLC now owns 236,660 shares of the industrial products company’s stock worth $4,953,000 after acquiring an additional 7,739 shares during the period.

Kennametal Stock Performance

NYSE:KMT opened at $29.30 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.23 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 3.91 and a beta of 1.48. The firm has a 50-day moving average price of $26.51 and a two-hundred day moving average price of $23.79. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $29.89.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. The company had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, research analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Analysts Set New Price Targets

A number of research firms have commented on KMT. Barclays raised their target price on Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Finally, JPMorgan Chase & Co. boosted their price target on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.60.

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.