Counterpoint Mutual Funds LLC Makes New $577,000 Investment in Kennametal Inc. $KMT

Counterpoint Mutual Funds LLC purchased a new position in shares of Kennametal Inc. (NYSE:KMT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,968 shares of the industrial products company’s stock, valued at approximately $577,000.

A number of other large investors have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of Kennametal by 36.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after purchasing an additional 505,669 shares during the period. Medina Value Partners LLC grew its position 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 worth $27,509,000 after buying an additional 407,487 shares during the period. UBS Group AG grew its position in Kennametal by 190.1% during the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after buying an additional 352,726 shares during the period. Marshall Wace LLP increased its holdings in Kennametal by 776.9% in 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 in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Kennametal by 195.3% in the second quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock valued at $10,859,000 after buying an additional 312,769 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KMT shares. DA Davidson started coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target on the stock. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings downgraded Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $37.36.

Insider Activity

In related news, Director Sagar A. Patel sold 29,499 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is currently owned by corporate insiders.

Kennametal Trading Down 0.0%

Shares of KMT opened at $33.48 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. Kennametal Inc. has a 1-year low of $17.62 and a 1-year high of $43.81. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36. The firm has a 50 day simple moving average of $35.70 and a 200-day simple moving average of $35.62.

Kennametal (NYSE:KMT) last posted its earnings results 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. 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%.Kennametal’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities analysts forecast that Kennametal Inc. will post 3.23 EPS for the current fiscal year.

Kennametal Announces Dividend

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

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.