Wesbanco Bank Inc. Acquires New Stake in Kennametal Inc. $KMT

Wesbanco Bank Inc. acquired a new position in shares of Kennametal Inc. (NYSE:KMT) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,500 shares of the industrial products company’s stock, valued at approximately $777,000.

Several other hedge funds also recently made changes to their positions in the company. LSV Asset Management purchased a new position in Kennametal during the fourth quarter worth about $2,290,000. Medina Value Partners LLC lifted its position in Kennametal by 72.7% in the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after purchasing an additional 407,487 shares during the period. Steel Grove Capital Advisors LLC purchased a new stake in Kennametal in the 4th quarter valued at approximately $1,911,000. UBS Group AG boosted its holdings in Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after purchasing an additional 352,726 shares in the last quarter. Finally, Vanguard Group Inc. increased its position 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 worth $188,412,000 after purchasing an additional 155,566 shares during the period.

Kennametal Price Performance

KMT stock opened at $35.79 on Monday. The firm has a 50 day moving average of $36.16 and a 200-day moving average of $35.48. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.21 and a beta of 1.37.

Kennametal (NYSE:KMT) 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. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same period in the previous year, the business earned $0.47 earnings per share. Kennametal’s quarterly revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities analysts expect that Kennametal Inc. will post 3.23 EPS for the current fiscal 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Insider Activity at Kennametal

In related news, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the transaction, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% 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. Insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KMT. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. upped their price objective on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. 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 report on Thursday, May 7th. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $37.36.

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.