Arrowstreet Capital Limited Partnership Purchases 307,209 Shares of Kennametal Inc. $KMT

Arrowstreet Capital Limited Partnership lifted its position in shares of Kennametal Inc. (NYSE:KMT) by 15.4% during the first quarter, Holdings Channel reports. The institutional investor owned 2,298,349 shares of the industrial products company’s stock after purchasing an additional 307,209 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Kennametal were worth $83,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Medina Value Partners LLC raised its holdings in Kennametal by 72.7% during the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after acquiring an additional 407,487 shares during the period. UBS Group AG raised its position in shares of Kennametal by 190.1% during the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after buying an additional 352,726 shares during the last quarter. Marshall Wace LLP raised its position in shares of Kennametal by 776.9% during the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after buying an additional 332,981 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Kennametal by 195.3% in the second quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock worth $10,859,000 after buying an additional 312,769 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Kennametal by 3,273.8% in the fourth quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock worth $7,792,000 after buying an additional 266,131 shares in the last quarter.

Kennametal Stock Performance

NYSE:KMT opened at $35.23 on Monday. The firm has a market capitalization of $2.68 billion, a PE ratio of 19.90, a PEG ratio of 0.61 and a beta of 1.36. The stock’s fifty day moving average is $34.52 and its 200 day moving average is $36.22. Kennametal Inc. has a fifty-two week low of $17.62 and a fifty-two 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.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The company had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Kennametal’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. On average, sell-side analysts anticipate that Kennametal Inc. will post 3.23 earnings per share for the current year.

Kennametal Announces Dividend

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

Insider Buying and Selling

In related news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the transaction, the vice president owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 47,000 shares of company stock valued at $1,583,326. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMT. Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research note on Monday, July 13th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, DA Davidson started coverage on Kennametal in a report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price on the stock. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Kennametal presently has a consensus rating of “Reduce” and an average target price of $35.79.

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.