Capstone Investment Advisors LLC Takes Position in Kennametal Inc. $KMT

Posted by Brenda Bartman on Aug 29th, 2026

Capstone Investment Advisors LLC acquired a new stake in Kennametal Inc. (NYSE:KMT – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 18,882 shares of the industrial products company’s stock, valued at approximately $662,000.

Other large investors have also bought and sold shares of the company. Baron Wealth Management LLC lifted its stake in Kennametal by 3.8% in the first quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after buying an additional 439 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Kennametal by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 450 shares in the last quarter. ARK Investment Management LLC increased its position in shares of Kennametal by 16.6% during the fourth quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 457 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kennametal by 21.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,088 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 551 shares during the period. Finally, New Age Alpha Advisors LLC raised its holdings in shares of Kennametal by 5.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 10,977 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 567 shares during the period.

Kennametal Trading Down 2.3%

Kennametal stock opened at $29.52 on Friday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 0.30 and a beta of 1.36. The firm has a 50-day moving average of $33.19 and a 200-day moving average of $35.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81.

Kennametal (NYSE:KMT – Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The business had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Kennametal’s revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, equities analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Kennametal’s dividend payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMT. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Morgan Stanley downgraded Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $27.00 in a report on Monday, August 10th. Finally, DA Davidson dropped their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $34.07.

Check Out Our Latest Analysis on KMT

Insider Activity

In related news, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is owned by insiders.

About Kennametal

(Free Report)

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.