Dana Investment Advisors Inc. Purchases 85,032 Shares of Kennametal Inc. $KMT

Dana Investment Advisors Inc. increased its position in shares of Kennametal Inc. (NYSE:KMT) by 38.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,544 shares of the industrial products company’s stock after acquiring an additional 85,032 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Kennametal were worth $6,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in Kennametal during the 3rd quarter worth about $335,000. M&G PLC boosted its stake in shares of Kennametal by 16.9% in the 3rd quarter. M&G PLC now owns 394,648 shares of the industrial products company’s stock valued at $8,288,000 after purchasing an additional 57,069 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Kennametal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after buying an additional 155,566 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Kennametal by 15.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 102,214 shares of the industrial products company’s stock worth $2,139,000 after buying an additional 13,706 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Kennametal by 8.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after buying an additional 461 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on KMT shares. Barclays lifted their target price on shares of Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. Morgan Stanley upped their price objective on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. The Goldman Sachs Group set a $32.00 target price on Kennametal in a report on Friday, February 6th. Finally, UBS Group upped their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Kennametal currently has an average rating of “Hold” and an average target price of $34.67.

Insiders Place Their Bets

In other news, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total value of $193,747.40. Following the completion of the transaction, the vice president owned 1,634 shares in the company, valued at $62,565.86. This represents a 75.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

KMT stock opened at $40.10 on Wednesday. The business’s 50-day moving average price is $33.94 and its two-hundred day moving average price is $27.13. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.06 billion, a PE ratio of 28.04, a P/E/G ratio of 0.67 and a beta of 1.50. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $41.74.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. 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, research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, February 10th. Kennametal’s dividend payout ratio (DPR) is 55.94%.

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.