Man Group plc Buys Shares of 47,718 Kennametal Inc. $KMT

Man Group plc purchased a new position in Kennametal Inc. (NYSE:KMT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 47,718 shares of the industrial products company’s stock, valued at approximately $1,673,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Medina Value Partners LLC purchased a new position in Kennametal during the second quarter valued at approximately $43,007,296. Jupiter Topco LLC purchased a new stake in Kennametal during the second quarter worth $1,194,000. Hsbc Holdings PLC purchased a new stake in Kennametal during the second quarter worth $2,091,000. PDT Partners LLC bought a new stake in Kennametal during the 2nd quarter valued at $1,631,000. Finally, Canada Pension Plan Investment Board bought a new stake in Kennametal during the 2nd quarter valued at $459,000.

Kennametal Stock Performance

Shares of KMT stock opened at $29.18 on Wednesday. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The business’s fifty day simple moving average is $32.95 and its 200-day simple moving average is $35.64. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.22 billion, a PE ratio of 6.63, a PEG ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $725.74 million. During the same quarter last year, the firm earned $0.34 EPS. The business’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. Analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

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

Insider Activity

In other news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares in the company, valued at $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lowered 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 downgraded Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. DA Davidson reduced their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $34.07.

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.