Quantbot Technologies LP Takes $1.14 Million Position in Kennametal Inc. $KMT

Quantbot Technologies LP acquired a new position in Kennametal Inc. (NYSE:KMT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 32,378 shares of the industrial products company’s stock, valued at approximately $1,135,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Kennametal during the second quarter worth $440,446,000. Dimensional Fund Advisors LP raised its position in Kennametal by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock valued at $134,964,000 after buying an additional 96,888 shares during the last quarter. State Street Corp lifted its stake in Kennametal by 0.3% during the 4th quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after acquiring an additional 9,963 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Kennametal by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after acquiring an additional 307,209 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Kennametal during the 2nd quarter worth $69,614,000.

Insider Buying and Selling at Kennametal

In other news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the sale, the vice president owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is currently owned by insiders.

Kennametal Trading Down 0.1%

Shares of Kennametal stock opened at $29.26 on Wednesday. The firm has a market cap of $2.23 billion, a PE ratio of 6.65, a P/E/G ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a 1 year low of $20.35 and a 1 year high of $43.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The stock has a fifty day moving average price of $33.58 and a 200-day moving average price of $36.01.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities research analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s payout ratio is presently 18.18%.

Analyst Upgrades and Downgrades

KMT has been the subject of several analyst reports. DA Davidson lowered their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, UBS Group cut their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $34.07.

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.