KLP Kapitalforvaltning AS Cuts Stock Holdings in Kennametal Inc. $KMT

KLP Kapitalforvaltning AS reduced its stake in Kennametal Inc. (NYSE:KMT) by 53.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,400 shares of the industrial products company’s stock after selling 19,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Kennametal were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Kennametal during the 2nd quarter worth about $27,000. Headlands Technologies LLC grew its position in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Kennametal by 116.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after buying an additional 860 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,228 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Kennametal by 293.6% in the second quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 1,606 shares in the last quarter.

Kennametal Stock Performance

NYSE KMT opened at $33.47 on Thursday. The company has a fifty day moving average of $28.39 and a two-hundred day moving average of $24.49. The company has a market capitalization of $2.55 billion, a PE ratio of 27.43, a P/E/G ratio of 4.31 and a beta of 1.48. Kennametal Inc. has a 1 year low of $17.30 and a 1 year high of $34.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18.

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

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, November 10th. Kennametal’s payout ratio is presently 65.57%.

Wall Street Analyst Weigh In

Several research firms have commented on KMT. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays lifted their price objective on shares of Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kennametal currently has an average rating of “Hold” and a consensus target price of $30.00.

More Kennametal News

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: JPMorgan raised its price target for KMT from $25 to $37 (while keeping an “underweight” rating) — the new target implies roughly a 10%+ upside from the current level, which likely helped buying interest. Benzinga
• Positive Sentiment: Zacks flagged an 8.3% surge on higher‑than‑average volume and noted that recent earnings estimate revisions could support further gains — momentum and volume spikes often attract short‑term investor attention. Kennametal (KMT) Surges 8.3%
• Positive Sentiment: Coverage highlighting KMT as a momentum and sector outperformer has been prominent this week, supporting investor interest and contributing to new highs. Is Kennametal (KMT) Outperforming Other Industrial Products Stocks This Year?
• Neutral Sentiment: Kennametal confirmed its Q2 FY2026 earnings call/webcast for Feb. 4 — a scheduled catalyst that could produce further volatility depending on results and guidance. Earnings Conference Call & Webcast
• Neutral Sentiment: Aggregated analyst coverage stories (e.g., a 7‑analyst roundup and Zacks pieces on long‑term momentum) provide broader context but include mixed views — useful for gauging consensus but not definitive near‑term signals. What 7 Analyst Ratings Have To Say About Kennametal
• Negative Sentiment: Some published targets remain below the current share price — e.g., a reported target of $28.43 — and a consensus analyst recommendation of “Hold” limits upside conviction for more conservative investors. Kennametal (KMT) price target increased by 10.40% to 28.43

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.