Medina Value Partners LLC Buys New Position in Kennametal Inc. $KMT

Medina Value Partners LLC bought a new stake in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,227,027 shares of the industrial products company’s stock, valued at approximately $43,007,296,000. Kennametal accounts for about 8.4% of Medina Value Partners LLC’s investment portfolio, making the stock its biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Kennametal in the 2nd quarter worth approximately $440,446,000. Dimensional Fund Advisors LP increased its position in shares of Kennametal by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after buying an additional 96,888 shares during the period. State Street Corp raised its stake in Kennametal by 0.3% during the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock worth $82,382,000 after buying an additional 9,963 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Kennametal by 15.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after buying an additional 307,209 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Kennametal in the second quarter valued at $69,614,000.

Insider Activity at Kennametal

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Down 0.1%

Kennametal stock opened at $29.26 on Wednesday. The company has a market capitalization of $2.23 billion, a PE ratio of 6.65, a PEG ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The firm’s fifty day moving average is $33.58 and its 200 day moving average is $36.01. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. During the same period last year, the company posted $0.34 earnings per share. The business’s quarterly revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, sell-side analysts predict 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. Stockholders 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 annualized dividend and a dividend yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is currently 18.18%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $31.00 to $27.00 in a research report on Monday, August 10th. UBS Group lowered their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. DA Davidson cut their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price 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.