Envestnet Asset Management Inc. Buys 13,174 Shares of Kennametal Inc. $KMT

Envestnet Asset Management Inc. grew its stake in Kennametal Inc. (NYSE:KMT) by 19.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 82,074 shares of the industrial products company’s stock after purchasing an additional 13,174 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kennametal were worth $1,718,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KMT. Hantz Financial Services Inc. raised its position in shares of Kennametal by 350.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,068 shares during the last quarter. Principal Financial Group Inc. increased its stake in Kennametal by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 460,090 shares of the industrial products company’s stock valued at $9,630,000 after purchasing an additional 5,438 shares in the last quarter. AlphaQuest LLC raised its holdings in Kennametal by 56.8% in the third quarter. AlphaQuest LLC now owns 20,321 shares of the industrial products company’s stock worth $425,000 after buying an additional 7,363 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Kennametal by 80.2% in the third quarter. Federated Hermes Inc. now owns 43,755 shares of the industrial products company’s stock worth $916,000 after buying an additional 19,474 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Kennametal in the third quarter worth approximately $229,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KMT shares. The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. UBS Group upped their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.67.

Insider Buying and Selling at Kennametal

In other news, VP John Wayne Witt sold 5,060 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president owned 1,634 shares in the company, valued at $62,565.86. This represents a 75.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is owned by company insiders.

Kennametal Price Performance

Shares of KMT opened at $40.31 on Friday. The firm has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $27.50. The firm has a market cap of $3.07 billion, a PE ratio of 28.19, a P/E/G ratio of 0.69 and a beta of 1.50. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $41.74.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $529.53 million for the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Kennametal’s dividend payout ratio is presently 55.94%.

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.