Grantham Mayo Van Otterloo & Co. LLC Purchases 22,553 Shares of Kennametal Inc. $KMT

Grantham Mayo Van Otterloo & Co. LLC raised its position in Kennametal Inc. (NYSE:KMT) by 158.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,830 shares of the industrial products company’s stock after buying an additional 22,553 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Kennametal were worth $771,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Apollo Management Holdings L.P. acquired a new position in Kennametal in the second quarter worth $8,794,000. JPMorgan Chase & Co. increased its stake in shares of Kennametal by 33.4% in the second quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after buying an additional 185,207 shares in the last quarter. Gallacher Capital Management LLC bought a new position in shares of Kennametal in the third quarter valued at about $571,000. Azarias Capital Management L.P. raised its holdings in shares of Kennametal by 31.8% in the third quarter. Azarias Capital Management L.P. now owns 364,357 shares of the industrial products company’s stock valued at $7,626,000 after buying an additional 87,906 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in Kennametal during the 2nd quarter worth about $335,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on KMT shares. JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. UBS Group increased their price target on shares of Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Finally, Weiss Ratings upgraded shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kennametal currently has a consensus rating of “Hold” and a consensus price target of $34.67.

Insider Transactions at Kennametal

In other news, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the completion of the sale, the vice president directly owned 1,634 shares of the company’s stock, valued at $62,565.86. This represents a 75.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.31, for a total transaction of $486,917.10. Following the completion of the sale, the vice president owned 38,746 shares in the company, valued at $1,406,867.26. This represents a 25.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

KMT stock opened at $40.30 on Thursday. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $42.03. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.07 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 0.65 and a beta of 1.47. The business’s fifty day moving average is $36.34 and its 200-day moving average is $28.54.

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

Kennametal Dividend Announcement

The business also recently announced 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. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Tuesday, February 10th. Kennametal’s payout ratio is presently 55.94%.

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.