Burney Co. Invests $734,000 in Kennametal Inc. $KMT

Burney Co. acquired a new position in shares of Kennametal Inc. (NYSE:KMT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,316 shares of the industrial products company’s stock, valued at approximately $734,000.

Several other large investors also recently made changes to their positions in KMT. Royal Bank of Canada boosted its holdings in Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kennametal by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after acquiring an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kennametal by 13.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock valued at $5,124,000 after acquiring an additional 28,020 shares in the last quarter. Jane Street Group LLC raised its position in shares of Kennametal by 39.3% during the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares during the period. Finally, Norges Bank acquired a new position in shares of Kennametal during the second quarter worth approximately $585,000.

Kennametal Trading Down 0.1%

Shares of KMT stock opened at $33.06 on Friday. Kennametal Inc. has a 52-week low of $17.62 and a 52-week high of $43.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The company has a 50-day simple moving average of $35.22 and a two-hundred day simple moving average of $35.80. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 0.21 and a beta of 1.36.

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

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Analyst Upgrades and Downgrades

KMT has been the topic of a number of recent research reports. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. DA Davidson initiated coverage on shares of Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $37.36.

Insider Activity

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 47,000 shares of company stock valued at $1,583,326 in the last ninety days. 1.43% of the stock is currently owned by insiders.

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.