Kennametal Inc. $KMT Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its position in Kennametal Inc. (NYSE:KMT) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,933 shares of the industrial products company’s stock after selling 4,958 shares during the period. Atria Investments Inc’s holdings in Kennametal were worth $848,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Savvy Advisors Inc. acquired a new position in shares of Kennametal during the 2nd quarter worth approximately $894,000. Envestnet Asset Management Inc. boosted its holdings in Kennametal by 19.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,900 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 11,419 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Kennametal by 525.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 30,829 shares of the industrial products company’s stock worth $708,000 after buying an additional 25,898 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Kennametal by 1.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 88,508 shares of the industrial products company’s stock valued at $2,032,000 after purchasing an additional 855 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Kennametal by 77.2% during the 2nd quarter. AlphaQuest LLC now owns 12,958 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 5,644 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMT shares. JPMorgan Chase & Co. raised their price objective on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday. Wall Street Zen upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays raised their target price on Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Kennametal from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kennametal presently has a consensus rating of “Reduce” and an average target price of $24.67.

Kennametal Stock Up 0.9%

Shares of Kennametal stock opened at $26.30 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.46 and a quick ratio of 1.19. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $30.36. The business has a 50-day moving average of $21.86 and a 200-day moving average of $22.07. The company has a market capitalization of $2.00 billion, a PE ratio of 21.92, a P/E/G ratio of 3.83 and a beta of 1.50.

Kennametal (NYSE:KMT) last issued its quarterly 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 analyst estimates of $477.68 million. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 3.0%. Kennametal’s dividend payout ratio (DPR) is 66.67%.

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.