Jackson Creek Investment Advisors LLC acquired a new stake in shares of Kennametal Inc. (NYSE:KMT – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 15,509 shares of the industrial products company’s stock, valued at approximately $441,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Kennametal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock valued at $188,412,000 after buying an additional 155,566 shares in the last quarter. American Century Companies Inc. grew its holdings in Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after buying an additional 1,289,624 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Kennametal by 36.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after buying an additional 505,669 shares in the last quarter. Wellington Management Group LLP grew its holdings in Kennametal by 20.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock valued at $32,366,000 after buying an additional 265,664 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in Kennametal by 3.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock valued at $38,167,000 after buying an additional 47,839 shares in the last quarter.
Insider Transactions at Kennametal
In other Kennametal news, VP Carlonda R. Reilly sold 13,410 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the sale, the vice president directly owned 38,746 shares in the company, valued at $1,406,867.26. This represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.43% of the stock is currently owned by company insiders.
Kennametal Price Performance
Kennametal (NYSE:KMT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities research analysts forecast that Kennametal Inc. will post 2.99 earnings per share for the current fiscal year.
Kennametal Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Kennametal’s dividend payout ratio is 45.20%.
Analyst Ratings Changes
A number of brokerages have issued reports on KMT. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a report on Thursday, May 7th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. UBS Group boosted their target price on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group set a $32.00 target price on Kennametal in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.93.
View Our Latest Stock Analysis on KMT
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.
Read More
- Five stocks we like better than Kennametal
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Receive News & Ratings for Kennametal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennametal and related companies with MarketBeat.com's FREE daily email newsletter.
