Segall Bryant & Hamill LLC Makes New Investment in Kennametal Inc. $KMT

Segall Bryant & Hamill LLC bought a new stake in shares of Kennametal Inc. (NYSE:KMT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 124,770 shares of the industrial products company’s stock, valued at approximately $2,865,000.

Several other large investors have also added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in Kennametal in the second quarter valued at approximately $27,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 860 shares in the last quarter. US Bancorp DE lifted its position in shares of Kennametal by 93.4% during the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,036 shares during the period. GAMMA Investing LLC lifted its position in shares of Kennametal by 293.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 1,606 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Kennametal by 179.2% during the second quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,717 shares in the last quarter.

Kennametal Stock Up 1.4%

KMT stock opened at $27.17 on Tuesday. The firm has a market capitalization of $2.07 billion, a PE ratio of 22.64, a P/E/G ratio of 3.83 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 2.46 and a debt-to-equity ratio of 0.45. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $29.84. The stock’s 50 day moving average is $23.05 and its 200-day moving average is $22.65.

Kennametal (NYSE:KMT) last posted its quarterly earnings data 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. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The firm had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Sell-side analysts expect that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KMT. UBS Group increased their price objective on shares of Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kennametal presently has an average rating of “Hold” and a consensus price target of $25.83.

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.