M&G PLC Has $8.29 Million Stake in Kennametal Inc. $KMT

M&G PLC grew its position in Kennametal Inc. (NYSE:KMT) by 16.9% during the third quarter, HoldingsChannel reports. The firm owned 394,648 shares of the industrial products company’s stock after buying an additional 57,069 shares during the period. M&G PLC’s holdings in Kennametal were worth $8,288,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KMT. Royal Bank of Canada lifted its holdings in Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after buying an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kennametal by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after acquiring an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kennametal by 13.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock valued at $5,124,000 after purchasing an additional 28,020 shares during the period. Jane Street Group LLC boosted its position in shares of Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after purchasing an additional 64,907 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Kennametal during the second quarter worth approximately $205,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMT. JPMorgan Chase & Co. boosted their price target on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. UBS Group increased 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. Wall Street Zen upgraded shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Finally, Barclays upped their price objective on shares of Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Kennametal presently has a consensus rating of “Hold” and a consensus price target of $34.67.

Kennametal Stock Performance

Shares of KMT stock opened at $39.54 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $26.43. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $41.74. The firm has a market capitalization of $3.01 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $529.53 million during the quarter, compared to analysts’ expectations of $514.70 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company 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. Analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 10th. Kennametal’s payout ratio is currently 55.94%.

Kennametal 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.