Empowered Funds LLC Makes New $12.52 Million Investment in Kennametal Inc. $KMT

Posted by George Bondi on Aug 29th, 2026

Empowered Funds LLC purchased a new position in shares of Kennametal Inc. (NYSE:KMT – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 357,203 shares of the industrial products company’s stock, valued at approximately $12,520,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in Kennametal during the 2nd quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Kennametal in the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. boosted its holdings in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Kennametal during the fourth quarter worth about $31,000. Finally, Headlands Technologies LLC increased its holdings in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares in the last quarter.

Kennametal Stock Performance

KMT opened at $29.52 on Friday. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The firm has a 50 day moving average of $33.19 and a two-hundred day moving average of $35.84. The firm has a market capitalization of $2.25 billion, a PE ratio of 6.71, a P/E/G ratio of 0.30 and a beta of 1.36.

Kennametal (NYSE:KMT – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. 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, analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Insiders Place Their Bets

In other news, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 47,000 shares of company stock valued at $1,583,326. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

KMT has been the topic of several research analyst reports. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $31.00 to $27.00 in a research note on Monday, August 10th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. DA Davidson cut 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Kennametal currently has a consensus rating of “Reduce” and a consensus price target of $34.07.

Check Out Our Latest Stock Report on Kennametal

Kennametal Profile

(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.