357,203 Shares in Kennametal Inc. $KMT Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Kennametal Inc. (NYSE:KMT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 357,203 shares of the industrial products company’s stock, valued at approximately $12,520,000. Empowered Funds LLC owned about 0.47% of Kennametal at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Kennametal in the second quarter worth about $95,000. Capstone Investment Advisors LLC bought a new position in shares of Kennametal during the second quarter valued at approximately $662,000. Bank of America Corp DE bought a new position in shares of Kennametal during the second quarter valued at approximately $32,640,000. Freestone Grove Partners LP purchased a new stake in shares of Kennametal in the second quarter worth approximately $1,765,000. Finally, Man Group plc purchased a new stake in shares of Kennametal in the second quarter worth approximately $1,673,000.

Kennametal Trading Down 2.3%

NYSE:KMT opened at $29.52 on Friday. The firm has a 50-day simple moving average of $33.19 and a 200-day simple moving average of $35.84. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81. The firm has a market cap of $2.25 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue was up 42.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. 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 4.82 EPS for the current fiscal year.

Kennametal Dividend Announcement

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

Insider Transactions at Kennametal

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the transaction, the vice president owned 25,143 shares of the company’s stock, valued at $832,736.16. This represents a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 47,000 shares of company stock valued at $1,583,326. Corporate insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. Morgan Stanley lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $31.00 to $27.00 in a research note on Monday, August 10th. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $34.07.

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.