Kennametal (NYSE:KMT) VP Sells $397,870.56 in Stock

Kennametal Inc. (NYSE:KMT) VP Carlonda Reilly sold 12,013 shares of the stock in a transaction 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 directly owned 25,143 shares in the company, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kennametal Price Performance

Shares of KMT stock traded down $0.52 on Wednesday, hitting $33.04. 381,395 shares of the company’s stock were exchanged, compared to its average volume of 1,463,514. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The stock has a market cap of $2.52 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.20 and a beta of 1.37. The company has a 50 day moving average of $36.91 and a 200 day moving average of $34.47.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $568.03 million. During the same period in the prior year, the company earned $0.47 EPS. Kennametal’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 research analysts predict that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is currently 45.20%.

Analyst Ratings Changes

Several analysts recently weighed in on KMT shares. Morgan Stanley upped their price objective on Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. The Goldman Sachs Group set a $32.00 price objective on Kennametal in a research report on Friday, February 6th. UBS Group upped their price objective on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research report on Thursday, May 7th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $35.93.

Hedge Funds Weigh In On Kennametal

Several large investors have recently bought and sold shares of KMT. Royal Bank of Canada raised its position in Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 4,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kennametal by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 2,013 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kennametal by 13.2% in the first 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 valued at $5,124,000 after purchasing an additional 28,020 shares during the last quarter. Jane Street Group LLC raised its position in Kennametal by 39.3% in the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank bought a new position in Kennametal in the second quarter valued at about $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.