Walleye Capital LLC Buys Shares of 105,682 Kennametal Inc. $KMT

Walleye Capital LLC bought a new stake in Kennametal Inc. (NYSE:KMT) during the 1st quarter, Holdings Channel reports. The fund bought 105,682 shares of the industrial products company’s stock, valued at approximately $3,818,000.

Several other institutional investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in shares of Kennametal by 36.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock worth $39,496,000 after buying an additional 505,669 shares during the period. Medina Value Partners LLC boosted its stake in Kennametal by 72.7% in the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after acquiring an additional 407,487 shares during the last quarter. UBS Group AG boosted its stake in Kennametal by 190.1% in the fourth 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. Marshall Wace LLP boosted its stake in Kennametal by 776.9% in the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after acquiring an additional 332,981 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Kennametal by 195.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock worth $10,859,000 after acquiring an additional 312,769 shares during the period.

Insiders Place Their Bets

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 47,000 shares of company stock worth $1,583,326. Corporate insiders own 1.43% of the company’s stock.

Kennametal Trading Up 0.9%

KMT opened at $34.70 on Thursday. The firm’s fifty day moving average is $34.52 and its two-hundred day moving average is $36.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The firm has a market cap of $2.64 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.36. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The company had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same period last year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities research analysts anticipate that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on KMT shares. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Morgan Stanley dropped their price objective on Kennametal from $36.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, July 17th. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, DA Davidson assumed coverage on Kennametal in a report on Tuesday, June 16th. They set 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 issued a Sell rating to the company. According to MarketBeat, Kennametal has a consensus rating of “Reduce” and an average price target of $35.79.

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.