Ritholtz Wealth Management Invests $670,000 in Kennametal Inc. $KMT

Ritholtz Wealth Management purchased a new stake in Kennametal Inc. (NYSE:KMT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,548 shares of the industrial products company’s stock, valued at approximately $670,000.

Other hedge funds have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in Kennametal during the fourth quarter worth $28,000. Rockefeller Capital Management L.P. raised its position in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares during the period. Danske Bank A S acquired a new stake in shares of Kennametal during the 4th quarter worth about $31,000. Headlands Technologies LLC boosted its holdings in shares of Kennametal by 80.7% during the 2nd 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 during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Kennametal by 142.3% during the 2nd 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMT. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. DA Davidson assumed coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price on the stock. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price target on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $37.36.

Insider Transactions at Kennametal

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Carlonda R. Reilly sold 12,013 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. The trade was a 32.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 47,000 shares of company stock valued at $1,583,326. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

Shares of Kennametal stock opened at $34.84 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.66 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 0.21 and a beta of 1.37. The company has a 50 day moving average of $36.09 and a 200-day moving average of $35.53. Kennametal Inc. has a 1-year low of $17.62 and a 1-year high of $43.81.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same period last year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities research analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a $0.20 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

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.