State of Wyoming Has $1.16 Million Stock Holdings in Kennametal Inc. $KMT

State of Wyoming grew its holdings in Kennametal Inc. (NYSE:KMT) by 83.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 31,966 shares of the industrial products company’s stock after purchasing an additional 14,510 shares during the quarter. State of Wyoming’s holdings in Kennametal were worth $1,155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LSV Asset Management bought a new position in Kennametal during the fourth quarter valued at about $2,290,000. Medina Value Partners LLC lifted its position in shares of Kennametal by 72.7% in the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after buying an additional 407,487 shares during the last quarter. Steel Grove Capital Advisors LLC bought a new stake in shares of Kennametal during the 4th quarter worth about $1,911,000. UBS Group AG increased its holdings in shares of Kennametal by 190.1% during the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 352,726 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Kennametal by 3,273.8% in the 4th quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock valued at $7,792,000 after acquiring an additional 266,131 shares in the last quarter.

Kennametal Price Performance

Shares of NYSE:KMT opened at $34.70 on Thursday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.60 and a beta of 1.36. The business has a 50 day moving average price of $34.52 and a 200 day moving average price of $36.14. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same period in the previous year, the business posted $0.47 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Research analysts predict 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. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Insider Buying and Selling at Kennametal

In other news, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sagar A. Patel sold 29,499 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,000 shares of company stock valued at $1,583,326 in the last ninety days. Company insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KMT shares. Morgan Stanley decreased their target price on Kennametal from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, July 17th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson initiated coverage on shares of Kennametal in a report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price on the stock. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $35.79.

Kennametal Company Profile

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.