Kennametal Inc. (NYSE:KMT – Get Free Report) VP Carlonda Reilly sold 12,013 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president owned 25,143 shares in the company, valued at approximately $832,736.16. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kennametal Stock Performance
KMT traded down $0.52 during trading hours on Wednesday, reaching $33.04. The company’s stock had a trading volume of 381,395 shares, compared to its average volume of 1,463,514. Kennametal Inc. has a 52 week low of $17.62 and a 52 week high of $43.81. The company’s 50-day moving average is $36.91 and its 200-day moving average is $34.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The firm has a market cap of $2.52 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.37.
Kennametal (NYSE:KMT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities analysts forecast that Kennametal Inc. will post 2.99 EPS for the current year.
Kennametal Dividend Announcement
Wall Street Analyst Weigh In
KMT has been the topic of a number of research analyst reports. UBS Group increased their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. increased their price target on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Kennametal presently has a consensus rating of “Reduce” and a consensus target price of $35.93.
Get Our Latest Report on Kennametal
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMT. Royal Bank of Canada grew its holdings 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 purchasing an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kennametal by 4.5% during the 1st 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 grew its holdings in shares of Kennametal by 13.2% during the 1st 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 shares of Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Kennametal during the 2nd quarter worth $585,000.
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.
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