Insider Selling: Kennametal (NYSE:KMT) VP Sells 5,488 Shares of Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 5,488 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares of the company’s stock, valued at $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kennametal Stock Up 2.5%

Shares of NYSE:KMT traded up $0.90 during midday trading on Tuesday, hitting $36.45. The stock had a trading volume of 130,328 shares, compared to its average volume of 1,433,561. Kennametal Inc. has a 12 month low of $17.62 and a 12 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 business’s 50-day simple moving average is $36.52 and its 200-day simple moving average is $34.97. The company has a market cap of $2.78 billion, a P/E ratio of 20.58, a PEG ratio of 0.22 and a beta of 1.37.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS 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 firm had revenue of $592.59 million during the quarter, compared to analysts’ expectations of $568.03 million. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, sell-side analysts forecast that Kennametal Inc. will post 2.99 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders 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 yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s payout ratio is 45.20%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KMT shares. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. DA Davidson started coverage on shares of Kennametal in a research report on Monday. They set a “neutral” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $35.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KMT. LSV Asset Management bought a new position in Kennametal during the 4th quarter valued at $2,290,000. UBS Group AG raised its stake 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 worth $15,294,000 after purchasing an additional 352,726 shares during the period. Steel Grove Capital Advisors LLC bought a new stake in shares of Kennametal during the 4th quarter worth $1,911,000. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 155,566 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Kennametal by 27.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 331,663 shares of the industrial products company’s stock worth $6,942,000 after purchasing an additional 71,732 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.