Insider Selling: Kennametal (NYSE:KMT) VP Sells $293,086.04 in Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 9,676 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total value of $293,086.04. Following the transaction, the vice president owned 15,721 shares in the company, valued at approximately $476,189.09. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kennametal Stock Down 2.7%

NYSE KMT traded down $0.81 during trading on Wednesday, hitting $29.66. The company’s stock had a trading volume of 713,407 shares, compared to its average volume of 1,404,795. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81. The company has a market cap of $2.26 billion, a PE ratio of 6.74, a P/E/G ratio of 0.31 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The business’s 50 day simple moving average is $32.44 and its 200-day simple moving average is $35.33.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The firm had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue was up 42.6% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. 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, equities analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors 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%.

Institutional Investors Weigh In On Kennametal

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Kennametal during the second quarter worth approximately $440,446,000. California State Teachers Retirement System grew its stake in Kennametal by 3,301.2% in the 2nd quarter. California State Teachers Retirement System now owns 2,927,832 shares of the industrial products company’s stock valued at $102,621,000 after acquiring an additional 2,841,750 shares during the period. William Blair Investment Management LLC purchased a new stake in Kennametal in the 2nd quarter worth $69,614,000. Medina Value Partners LLC acquired a new position in Kennametal during the second quarter worth $43,007,296. Finally, NFJ Investment Group LLC purchased a new position in Kennametal during the second quarter valued at $36,202,000.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMT. 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 decreased their price objective for the company from $31.00 to $27.00 in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research note on Monday, July 13th. Barclays downgraded shares of 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 research report on Wednesday, May 27th. Finally, Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Five investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target 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.