Kennametal (NYSE:KMT) VP Carlonda Reilly Sells 12,013 Shares of Stock

Kennametal Inc. (NYSE:KMT) VP Carlonda Reilly sold 12,013 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were 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 directly owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kennametal Stock Down 2.6%

KMT stock opened at $32.67 on Thursday. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $36.85 and its 200-day moving average is $34.55. The firm has a market capitalization of $2.49 billion, a PE ratio of 18.46, a P/E/G ratio of 0.21 and a beta of 1.37.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $568.03 million. During the same quarter last year, the company earned $0.47 earnings per share. 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. Sell-side analysts expect that Kennametal Inc. will post 2.99 EPS for the current fiscal year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

Analysts Set New Price Targets

A number of analysts recently commented on KMT shares. The Goldman Sachs Group set a $32.00 price target on Kennametal in a report on Friday, February 6th. Morgan Stanley lifted their price objective on shares of Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research report on Thursday, May 7th. UBS Group lifted 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. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $35.93.

Institutional Trading of Kennametal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Kennametal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after acquiring an additional 155,566 shares during the period. Dimensional Fund Advisors LP increased its holdings in Kennametal by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after acquiring an additional 96,888 shares during the period. American Century Companies Inc. increased its holdings in Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock worth $88,355,000 after acquiring an additional 1,289,624 shares during the period. State Street Corp increased its holdings in Kennametal by 0.3% during the 4th quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock worth $82,382,000 after acquiring an additional 9,963 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Kennametal by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after acquiring an additional 307,209 shares during the period.

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.