Kennametal Inc. $KMT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Kennametal Inc. (NYSE:KMT) by 74.4% during the third quarter, Holdings Channel.com reports. The firm owned 8,129 shares of the industrial products company’s stock after selling 23,628 shares during the period. SG Americas Securities LLC’s holdings in Kennametal were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KMT. Apollo Management Holdings L.P. purchased a new position in Kennametal in the second quarter valued at $8,794,000. JPMorgan Chase & Co. grew its position in shares of Kennametal by 33.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after acquiring an additional 185,207 shares during the period. Azarias Capital Management L.P. increased its stake in shares of Kennametal by 31.8% in the 3rd quarter. Azarias Capital Management L.P. now owns 364,357 shares of the industrial products company’s stock valued at $7,626,000 after purchasing an additional 87,906 shares in the last quarter. Wakefield Asset Management LLLP purchased a new position in shares of Kennametal in the 2nd quarter valued at about $1,163,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Kennametal by 63.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock worth $31,716,000 after purchasing an additional 534,978 shares during the period.

Kennametal Trading Up 1.5%

Shares of KMT opened at $34.80 on Friday. Kennametal Inc. has a 52-week low of $17.30 and a 52-week high of $35.10. The stock has a market cap of $2.65 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 4.07 and a beta of 1.48. The firm’s fifty day moving average is $30.10 and its two-hundred day moving average is $25.27. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. UBS Group lifted their price target on shares of Kennametal from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. Barclays increased their price objective on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $28.00 target price on shares of Kennametal in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.67.

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.