Kennametal Inc. $KMT Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP cut its stake in shares of Kennametal Inc. (NYSE:KMT) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,231,052 shares of the industrial products company’s stock after selling 95,088 shares during the quarter. Kennametal accounts for 2.2% of Brandes Investment Partners LP’s investment portfolio, making the stock its 4th biggest position. Brandes Investment Partners LP owned approximately 0.13% of Kennametal worth $290,664,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KMT. Kohmann Bosshard Financial Services LLC acquired a new position in Kennametal during the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its position in Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,068 shares during the last quarter. Danske Bank A S acquired a new position in Kennametal during the fourth quarter valued at approximately $31,000. Headlands Technologies LLC boosted its position in 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 purchasing an additional 682 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 1,228 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research report on Thursday, May 7th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their price target on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley increased their price target on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Six investment 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 has a consensus rating of “Reduce” and an average price target of $35.93.

Kennametal Price Performance

NYSE:KMT opened at $34.09 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $36.62 and its two-hundred day moving average price is $34.75. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 0.21 and a beta of 1.37. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. The firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, analysts anticipate that Kennametal Inc. will post 2.99 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 paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Kennametal’s dividend payout ratio (DPR) is 45.20%.

Insider Activity at Kennametal

In related news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction that occurred on Monday, June 8th. The stock was 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 hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.43% of the company’s stock.

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.