Sanctuary Advisors LLC Takes $603,000 Position in Kennametal Inc. $KMT

Sanctuary Advisors LLC purchased a new stake in Kennametal Inc. (NYSE:KMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,209 shares of the industrial products company’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Kennametal during the second quarter valued at $440,446,000. William Blair Investment Management LLC purchased a new stake in Kennametal during the 2nd quarter worth approximately $69,614,000. NFJ Investment Group LLC acquired a new position in Kennametal in the 2nd quarter valued at $36,202,000. Bank of New York Mellon Corp acquired a new stake in shares of Kennametal in the second quarter valued at about $33,949,000. Finally, Arrowstreet Capital Limited Partnership raised 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 acquiring an additional 505,669 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KMT shares. JPMorgan Chase & Co. cut their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson decreased their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $34.07.

Kennametal Stock Down 2.3%

Shares of NYSE KMT opened at $29.52 on Friday. The stock has a market cap of $2.25 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a 52-week low of $20.35 and a 52-week high of $43.81. The business has a 50-day moving average price of $33.19 and a 200 day moving average price of $35.84. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million for the quarter, compared to analysts’ expectations of $725.74 million. During the same period in the previous year, the company posted $0.34 EPS. The company’s quarterly revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities research analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is 18.18%.

Insider Activity at Kennametal

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This represents a 54.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,000 shares of company stock worth $1,583,326 in the last three months. Insiders own 1.43% of the company’s stock.

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.