Ritholtz Wealth Management Buys Shares of 18,548 Kennametal Inc. $KMT

Ritholtz Wealth Management bought a new position in shares of Kennametal Inc. (NYSE:KMT) during the first quarter, HoldingsChannel reports. The fund bought 18,548 shares of the industrial products company’s stock, valued at approximately $670,000.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after acquiring an additional 1,289,624 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in 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 last quarter. Medina Value Partners LLC boosted its stake in shares of 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 purchasing an additional 407,487 shares in the last quarter. UBS Group AG boosted its stake 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 purchasing an additional 352,726 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings 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 worth $10,678,000 after purchasing an additional 332,981 shares during the last quarter.

Insider Buying and Selling

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

Kennametal Trading Down 2.6%

Shares of KMT stock opened at $34.84 on Tuesday. 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. The stock has a 50 day simple moving average of $36.09 and a two-hundred day simple moving average of $35.53. The company has a market cap of $2.66 billion, a P/E ratio of 19.68, a PEG ratio of 0.21 and a beta of 1.37.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The firm had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Research analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current year.

Kennametal Dividend Announcement

The business 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. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.3%. Kennametal’s dividend payout ratio is currently 45.20%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KMT. JPMorgan Chase & Co. upped their price objective on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, 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 report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $37.36.

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.