Kennametal (NYSE:KMT) Director Sells $988,216.50 in Stock

Kennametal Inc. (NYSE:KMT) Director Sagar Patel sold 29,499 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kennametal Stock Up 3.8%

Kennametal stock opened at $34.55 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 19.52, a P/E/G ratio of 0.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The stock’s fifty day moving average is $36.56 and its two-hundred day moving average is $34.86. Kennametal Inc. has a 1-year low of $17.62 and a 1-year 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, topping the consensus estimate of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million during the quarter, compared to analysts’ expectations of $568.03 million. During the same period in the prior year, the firm posted $0.47 EPS. The business’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 expect that Kennametal Inc. will post 2.99 EPS for the current fiscal year.

Kennametal Announces Dividend

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

Institutional Trading of Kennametal

Institutional investors and hedge funds have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Kennametal during the 4th quarter worth $28,000. Rockefeller Capital Management L.P. increased its stake in 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. Hantz Financial Services Inc. raised its holdings in shares of 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. Danske Bank A S purchased a new stake in shares of Kennametal in the fourth quarter valued at about $31,000. Finally, Headlands Technologies LLC boosted its stake 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 worth $35,000 after buying an additional 682 shares during the period.

Analysts Set New Price Targets

KMT has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Kennametal has a consensus rating of “Reduce” and an average target price of $35.93.

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.