Michael J. Porro & Co. Financial Advisors Inc. Makes New $508,000 Investment in Kennametal Inc. $KMT

Michael J. Porro & Co. Financial Advisors Inc. acquired a new stake in shares of Kennametal Inc. (NYSE:KMT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,537 shares of the industrial products company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC grew its holdings in Kennametal by 4,757.3% during the third quarter. Fortitude Family Office LLC now owns 3,983 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 3,901 shares during the period. Steel Grove Capital Advisors LLC increased its holdings in shares of Kennametal by 19.3% in the third quarter. Steel Grove Capital Advisors LLC now owns 58,549 shares of the industrial products company’s stock worth $1,800,000 after purchasing an additional 9,463 shares during the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Kennametal during the 3rd quarter valued at approximately $260,000. Farther Finance Advisors LLC lifted its position in Kennametal by 1,069.7% during the third quarter. Farther Finance Advisors LLC now owns 6,609 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 6,044 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in Kennametal by 170.1% in the second quarter. WINTON GROUP Ltd now owns 58,366 shares of the industrial products company’s stock worth $2,046,000 after acquiring an additional 36,757 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMT. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Kennametal from $34.00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, October 8th. UBS Group dropped their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Morgan Stanley downgraded Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $33.50.

Kennametal Stock Up 0.3%

Kennametal stock opened at $30.99 on Friday. Kennametal Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $43.81. The company has a market cap of $2.37 billion, a PE ratio of 7.04, a PEG ratio of 0.30 and a beta of 1.33. 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 business’s 50-day simple moving average is $30.59 and its two-hundred day simple moving average is $33.91.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The company had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same quarter in the prior year, the company earned $0.34 EPS. Kennametal’s quarterly revenue 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. Equities analysts anticipate that Kennametal Inc. will post 4.92 EPS for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. Kennametal’s payout ratio is currently 18.18%.

Insider Activity at Kennametal

In other news, CEO Sanjay Chowbey acquired 7,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $29.10 per share, for a total transaction of $203,700.00. Following the completion of the transaction, the chief executive officer owned 246,839 shares in the company, valued at approximately $7,183,014.90. This trade represents a 2.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Judith L. Bacchus sold 9,676 shares of Kennametal stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total transaction of $293,086.04. Following the transaction, the vice president directly owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.65% of the stock is currently owned by insiders.

About Kennametal

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components, and wear-resistant solutions. Its products are designed to help customers machine, shape, and protect materials used in demanding industrial applications.

The company’s offerings include cutting tools and tooling systems for metalworking, as well as engineered components, advanced materials, and surface technologies intended to improve durability and performance.