Kennametal Inc. (NYSE:KMT) Short Interest Down 12.3% in January

Kennametal Inc. (NYSE:KMT) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,318,339 shares, a decline of 12.3% from the December 31st total of 2,642,537 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily volume of 1,156,324 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 1,156,324 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KMT. Royal Bank of Canada boosted its stake in shares of Kennametal by 17.7% during the 1st quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Kennametal by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after purchasing an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kennametal by 13.2% during the first 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 worth $5,124,000 after purchasing an additional 28,020 shares in the last quarter. Jane Street Group LLC grew its holdings in Kennametal by 39.3% in the first 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 during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Kennametal by 5.9% in the second quarter. State of Alaska Department of Revenue now owns 45,397 shares of the industrial products company’s stock valued at $1,041,000 after buying an additional 2,532 shares in the last quarter.

Kennametal Stock Up 3.5%

KMT opened at $35.61 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18. Kennametal has a 12 month low of $17.30 and a 12 month high of $35.71. The stock has a market capitalization of $2.71 billion, a P/E ratio of 29.18, a P/E/G ratio of 4.08 and a beta of 1.50. The business has a 50 day simple moving average of $30.42 and a 200-day simple moving average of $25.43.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The firm had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Kennametal’s revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, equities analysts anticipate that Kennametal will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Kennametal’s dividend payout ratio (DPR) is 65.57%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KMT shares. Wall Street Zen upgraded shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $28.00 price objective on shares of Kennametal in a research note on Tuesday, January 27th. UBS Group lifted their target price on Kennametal from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Barclays boosted their target price on Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.67.

Kennametal Company 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.