Segall Bryant & Hamill LLC Takes $2.87 Million Position in Kennametal Inc. $KMT

Segall Bryant & Hamill LLC acquired a new position in shares of Kennametal Inc. (NYSE:KMT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 124,770 shares of the industrial products company’s stock, valued at approximately $2,865,000. Segall Bryant & Hamill LLC owned about 0.16% of Kennametal as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its position in Kennametal by 9.2% in the first quarter. American Century Companies Inc. now owns 2,778,368 shares of the industrial products company’s stock valued at $59,179,000 after acquiring an additional 234,395 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kennametal by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,529,095 shares of the industrial products company’s stock valued at $32,570,000 after purchasing an additional 49,496 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Kennametal by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,089,641 shares of the industrial products company’s stock valued at $25,018,000 after purchasing an additional 14,451 shares during the last quarter. Northern Trust Corp increased its position in Kennametal by 8.4% during the 1st quarter. Northern Trust Corp now owns 1,077,284 shares of the industrial products company’s stock worth $22,946,000 after purchasing an additional 83,568 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Kennametal by 33.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after purchasing an additional 185,207 shares during the last quarter.

Kennametal Trading Up 1.4%

Shares of KMT stock opened at $27.17 on Tuesday. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $29.84. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.83 and a beta of 1.50. The stock has a 50-day moving average of $23.05 and a 200-day moving average of $22.65.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The company had revenue of $497.97 million for the quarter, compared to analyst estimates of $477.68 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, equities research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a $0.20 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. Kennametal’s payout ratio is 65.57%.

Analyst Ratings Changes

A number of analysts have weighed in on KMT shares. Wall Street Zen upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group increased their price target on Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, Barclays lifted their price target on Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.83.

About Kennametal

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.