Strs Ohio Buys 15,400 Shares of Kennametal Inc. $KMT

Strs Ohio increased its stake in shares of Kennametal Inc. (NYSE:KMT) by 132.8% in the first quarter, HoldingsChannel reports. The firm owned 27,000 shares of the industrial products company’s stock after buying an additional 15,400 shares during the period. Strs Ohio’s holdings in Kennametal were worth $976,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. bought a new position in Kennametal in the first quarter worth about $777,000. Louisiana State Employees Retirement System purchased a new position in shares of Kennametal in the 1st quarter worth approximately $1,221,000. Ritholtz Wealth Management purchased a new position in shares of Kennametal in the 1st quarter worth approximately $670,000. SG Americas Securities LLC raised its stake in shares of Kennametal by 9.5% during the 1st quarter. SG Americas Securities LLC now owns 300,207 shares of the industrial products company’s stock worth $10,846,000 after acquiring an additional 25,947 shares in the last quarter. Finally, Baron Wealth Management LLC raised its stake in shares of Kennametal by 3.8% during the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 439 shares in the last quarter.

Kennametal Trading Down 2.5%

NYSE KMT opened at $33.37 on Wednesday. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a fifty day simple moving average of $35.48 and a two-hundred day simple moving average of $35.73. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.54 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.22 and a beta of 1.36.

Kennametal (NYSE:KMT) last announced its quarterly earnings data 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. The firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. Kennametal’s dividend payout ratio is currently 45.20%.

Insider Transactions at Kennametal

In related news, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president owned 25,143 shares in the company, valued at approximately $832,736.16. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The SEC filing for this sale provides additional information. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KMT shares. DA Davidson started coverage on shares of Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price for the company. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $37.36.

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.