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

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. UBS Group upped 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. The Goldman Sachs Group reiterated a “sell” rating and set a $28.00 target price on shares of Kennametal in a report on Tuesday, January 27th. Barclays boosted their price target on Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.67.

Institutional Investors Weigh In On Kennametal

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in Kennametal by 17.7% during the first 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $986,000 after buying an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 buying an additional 28,020 shares during the last quarter. Jane Street Group LLC increased 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 buying an additional 64,907 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Kennametal by 5.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 45,397 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 2,532 shares during the period.

Kennametal Trading Up 3.5%

Shares of Kennametal stock opened at $35.61 on Tuesday. Kennametal has a fifty-two week low of $17.30 and a fifty-two week high of $35.71. The business’s fifty day moving average is $30.42 and its two-hundred day moving average is $25.43. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.71 billion, a PE ratio of 29.18, a P/E/G ratio of 4.08 and a beta of 1.50.

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

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Kennametal’s dividend payout ratio is currently 65.57%.

About Kennametal

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.