John Wayne Witt Sells 5,060 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the transaction, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kennametal Stock Up 2.5%

Kennametal stock opened at $39.60 on Friday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 0.68 and a beta of 1.50. The company’s 50 day simple moving average is $33.52 and its 200 day simple moving average is $26.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. Kennametal Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $41.74.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The firm had revenue of $529.53 million during the quarter, compared to analysts’ expectations of $514.70 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. As a group, sell-side analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Kennametal’s dividend payout ratio is currently 55.94%.

Institutional Trading of Kennametal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. acquired a new stake in Kennametal in the 2nd quarter valued at about $8,794,000. JPMorgan Chase & Co. raised its stake in Kennametal by 33.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after acquiring an additional 185,207 shares during the period. Gallacher Capital Management LLC bought a new stake in Kennametal in the 3rd quarter valued at $571,000. Azarias Capital Management L.P. lifted its holdings in 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 valued at $7,626,000 after purchasing an additional 87,906 shares during the last quarter. Finally, Wakefield Asset Management LLLP bought a new position in Kennametal during the second quarter worth $1,163,000.

Analyst Upgrades and Downgrades

KMT has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Morgan Stanley lifted their target price on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note on Thursday, January 22nd. Finally, Barclays raised their price target on shares of Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.67.

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.