Kennametal Inc. (NYSE:KMT) Short Interest Update

Kennametal Inc. (NYSE:KMT) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 3,411,279 shares, a growth of 21.3% from the February 12th total of 2,811,786 shares. Based on an average daily volume of 1,441,685 shares, the short-interest ratio is currently 2.4 days. Currently, 4.5% of the shares of the company are short sold. Currently, 4.5% of the shares of the company are short sold. Based on an average daily volume of 1,441,685 shares, the short-interest ratio is currently 2.4 days.

Insiders Place Their Bets

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction 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 directly owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carlonda R. Reilly sold 13,410 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president directly owned 38,746 shares in the company, valued at approximately $1,406,867.26. This represents a 25.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KMT. OLD National Bancorp IN raised its position in Kennametal by 3.8% during the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 377 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 446 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Kennametal by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 450 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Kennametal by 16.6% during the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 457 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Kennametal by 8.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after buying an additional 461 shares in the last quarter.

Kennametal Price Performance

Shares of KMT traded down $0.40 during trading hours on Monday, reaching $37.80. The company had a trading volume of 997,758 shares, compared to its average volume of 1,709,130. 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 has a 12-month low of $17.30 and a 12-month high of $42.03. The firm has a 50 day simple moving average of $36.91 and a 200-day simple moving average of $28.94. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 0.65 and a beta of 1.47.

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

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, February 10th. Kennametal’s payout ratio is presently 55.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. Barclays boosted their price objective on shares of Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. UBS Group raised their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Morgan Stanley lifted their target price on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. 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 issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.67.

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.