Russell Investments Group Ltd. Has $9.51 Million Holdings in Kennametal Inc. $KMT

Russell Investments Group Ltd. lifted its holdings in shares of Kennametal Inc. (NYSE:KMT) by 828.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 414,132 shares of the industrial products company’s stock after purchasing an additional 369,548 shares during the quarter. Russell Investments Group Ltd. owned 0.54% of Kennametal worth $9,509,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its position in Kennametal by 5.5% during the second quarter. American Century Companies Inc. now owns 2,931,837 shares of the industrial products company’s stock worth $67,315,000 after buying an additional 153,469 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kennametal by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,529,095 shares of the industrial products company’s stock worth $32,570,000 after purchasing an additional 49,496 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kennametal by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,089,641 shares of the industrial products company’s stock worth $25,018,000 after purchasing an additional 14,451 shares during the period. Northern Trust Corp raised its stake in Kennametal by 8.4% in the first quarter. Northern Trust Corp now owns 1,077,284 shares of the industrial products company’s stock valued at $22,946,000 after purchasing an additional 83,568 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Kennametal by 33.4% in the second quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after purchasing an additional 185,207 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMT shares. Barclays raised their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.83.

Kennametal Trading Up 0.7%

NYSE:KMT opened at $27.65 on Wednesday. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $29.05. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $23.86 and its 200 day moving average is $22.90. The stock has a market capitalization of $2.10 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 3.83 and a beta of 1.50.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Sell-side analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 2.9%. Kennametal’s dividend payout ratio (DPR) is 65.57%.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.