Bank of New York Mellon Corp Lowers Position in Kennametal Inc. $KMT

Bank of New York Mellon Corp trimmed its holdings in shares of Kennametal Inc. (NYSE:KMT) by 3.2% in the first quarter, Holdings Channel reports. The firm owned 963,689 shares of the industrial products company’s stock after selling 31,903 shares during the period. Bank of New York Mellon Corp’s holdings in Kennametal were worth $34,818,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LSV Asset Management acquired a new position in shares of Kennametal in the 4th quarter worth approximately $2,290,000. Medina Value Partners LLC boosted its position in shares of Kennametal by 72.7% during the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after purchasing an additional 407,487 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in Kennametal in the 4th quarter valued at approximately $1,911,000. UBS Group AG increased its holdings in Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after purchasing an additional 352,726 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Kennametal by 3,273.8% in the 4th quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock valued at $7,792,000 after purchasing an additional 266,131 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have commented on KMT. Jefferies Financial Group cut 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 Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. cut their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley decreased their target price on Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $35.79.

Insider Buying and Selling

In related news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction that occurred on 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 $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 47,000 shares of company stock worth $1,583,326. Company insiders own 1.43% of the company’s stock.

Kennametal Trading Down 0.0%

NYSE:KMT opened at $35.23 on Monday. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The firm has a market cap of $2.68 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.61 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $34.52 and a 200 day moving average price of $36.22.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $592.59 million for 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 quarter in the prior year, the business earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Sell-side analysts anticipate that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Kennametal 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.