State of New Jersey Common Pension Fund D Has $2.14 Million Position in Kennametal Inc. $KMT

State of New Jersey Common Pension Fund D raised its holdings in shares of Kennametal Inc. (NYSE:KMT) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,214 shares of the industrial products company’s stock after purchasing an additional 13,706 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.13% of Kennametal worth $2,139,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KMT. Apollo Management Holdings L.P. bought a new stake in shares of Kennametal during the second quarter worth about $8,794,000. JPMorgan Chase & Co. boosted its stake in Kennametal by 33.4% during 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. Gallacher Capital Management LLC bought a new stake in Kennametal during the 3rd quarter worth approximately $571,000. Azarias Capital Management L.P. increased its holdings in Kennametal by 31.8% during the 3rd quarter. Azarias Capital Management L.P. now owns 364,357 shares of the industrial products company’s stock worth $7,626,000 after purchasing an additional 87,906 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Kennametal in the second quarter worth approximately $335,000.

Kennametal Price Performance

Shares of NYSE:KMT opened at $39.03 on Tuesday. The company’s 50-day moving average is $33.72 and its 200 day moving average is $26.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55. The company has a market capitalization of $2.97 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50. Kennametal Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $41.74.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 10th. Kennametal’s payout ratio is 55.94%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMT. Barclays upped their price target on Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. Finally, UBS Group upped their price objective on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.67.

Insider Buying and Selling

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the transaction, the vice president directly owned 1,634 shares of the company’s stock, valued at approximately $62,565.86. This represents a 75.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.43% of the company’s stock.

Kennametal 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.