PDT Partners LLC Invests $1.63 Million in Kennametal Inc. $KMT

PDT Partners LLC acquired a new stake in Kennametal Inc. (NYSE:KMT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,523 shares of the industrial products company’s stock, valued at approximately $1,631,000. PDT Partners LLC owned approximately 0.06% of Kennametal as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new position in Kennametal in the 2nd quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Kennametal in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. increased its holdings in shares of 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 last quarter. Danske Bank A S acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $31,000. Finally, Headlands Technologies LLC lifted its position in 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 in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on KMT shares. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. UBS Group cut their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. DA Davidson lowered their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $31.00 to $27.00 in a research note on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $34.07.

Kennametal Stock Up 2.4%

Shares of Kennametal stock opened at $29.98 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The firm has a fifty day moving average of $33.45 and a two-hundred day moving average of $35.96. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81. The company has a market cap of $2.29 billion, a P/E ratio of 6.81, a PEG ratio of 0.29 and a beta of 1.36.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million for the quarter, compared to analysts’ expectations of $725.74 million. During the same period in the prior year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is 18.18%.

Insiders Place Their Bets

In related news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, 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 ownership of the stock. The sale 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 stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value 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 in the last quarter. 1.43% of the stock is currently owned by company insiders.

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.