Summit Global Investments Invests $1.43 Million in Kennametal Inc. $KMT

Summit Global Investments acquired a new position in Kennametal Inc. (NYSE:KMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 40,919 shares of the industrial products company’s stock, valued at approximately $1,434,000.

Several other large investors have also made changes to their positions in KMT. Arrowstreet Capital Limited Partnership grew its holdings in Kennametal by 36.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after buying an additional 505,669 shares during the last quarter. Medina Value Partners LLC lifted its holdings in shares of Kennametal by 72.7% during the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after buying an additional 407,487 shares during the last quarter. UBS Group AG boosted its position in shares of Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 352,726 shares during the period. Marshall Wace LLP boosted its position in shares of Kennametal by 776.9% in the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after acquiring an additional 332,981 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Kennametal by 195.3% in the second quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock worth $10,859,000 after acquiring an additional 312,769 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. reduced their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Finally, UBS Group decreased their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Kennametal presently has an average rating of “Reduce” and a consensus target price of $34.07.

Insiders Place Their Bets

In related news, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the transaction, the vice president owned 25,143 shares in the company, valued at $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 is available at the SEC website. Also, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is currently owned by corporate insiders.

Kennametal Price Performance

Shares of KMT stock opened at $31.21 on Friday. The stock’s fifty day simple moving average is $34.20 and its 200 day simple moving average is $36.26. 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 $2.38 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.29 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The firm had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, analysts expect that Kennametal Inc. will post 4.97 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a $0.20 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 2.6%. Kennametal’s payout ratio is presently 18.18%.

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.