64,685 Shares in Kennametal Inc. $KMT Bought by Calamos Advisors LLC

Calamos Advisors LLC acquired a new position in shares of Kennametal Inc. (NYSE:KMT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,685 shares of the industrial products company’s stock, valued at approximately $2,337,000.

A number of other hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after acquiring an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kennametal by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after purchasing an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares during the period. Jane Street Group LLC grew its holdings in Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank bought a new position in Kennametal during the 2nd quarter valued at about $585,000.

Kennametal Stock Performance

Shares of NYSE:KMT opened at $34.80 on Thursday. The firm’s 50 day simple moving average is $34.79 and its 200-day simple moving average is $35.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The firm has a market cap of $2.65 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 0.22 and a beta of 1.36.

Kennametal (NYSE:KMT) last announced its quarterly 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. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. Kennametal’s quarterly revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities analysts predict that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Dividend Announcement

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

Insiders Place Their Bets

In other news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the transaction, the vice president owned 25,143 shares in the company, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction dated 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 owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 47,000 shares of company stock worth $1,583,326. 1.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMT shares. DA Davidson started coverage on shares of Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price objective for the company. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. JPMorgan Chase & Co. reduced their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Finally, Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Kennametal has a consensus rating of “Reduce” and an average price target of $36.50.

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.