Fisher Asset Management LLC Cuts Stock Position in Kennametal Inc. $KMT

Fisher Asset Management LLC lessened its holdings in shares of Kennametal Inc. (NYSE:KMT) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,517,344 shares of the industrial products company’s stock after selling 47,600 shares during the period. Fisher Asset Management LLC’s holdings in Kennametal were worth $52,688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KMT. Hantz Financial Services Inc. raised its stake in Kennametal by 350.2% in the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,068 shares during the last quarter. Headlands Technologies LLC increased its holdings 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 valued at $35,000 after acquiring an additional 682 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 860 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Kennametal by 47.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,762 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 895 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMT. JPMorgan Chase & Co. boosted their price objective on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Barclays increased their price objective on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Kennametal currently has a consensus rating of “Hold” and an average target price of $34.67.

Kennametal Price Performance

NYSE:KMT opened at $40.54 on Wednesday. The stock has a 50 day moving average of $35.11 and a two-hundred day moving average of $27.82. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $41.74. 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 $3.09 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 0.70 and a beta of 1.47.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The firm had revenue of $529.53 million for the quarter, compared to analyst estimates of $514.70 million. During the same period in the previous year, the business posted $0.25 earnings per share. Kennametal’s quarterly 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. On average, analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

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

Insider Buying and Selling

In related news, VP John Wayne Witt sold 5,060 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was 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 directly owned 1,634 shares in the company, valued at approximately $62,565.86. This represents a 75.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.43% of the company’s stock.

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.