Deprince Race & Zollo Inc. Decreases Stock Position in Kennametal Inc. $KMT

Deprince Race & Zollo Inc. cut its stake in Kennametal Inc. (NYSE:KMT) by 63.5% in the first quarter, Holdings Channel reports. The institutional investor owned 490,023 shares of the industrial products company’s stock after selling 853,428 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kennametal were worth $17,705,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in Kennametal by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock worth $39,496,000 after buying an additional 505,669 shares during the period. Medina Value Partners LLC raised its stake in shares of 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 acquiring an additional 407,487 shares during the period. UBS Group AG lifted its holdings in shares of Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after acquiring an additional 352,726 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Kennametal by 776.9% in the 4th quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock worth $10,678,000 after acquiring an additional 332,981 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Kennametal by 195.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock worth $10,859,000 after purchasing an additional 312,769 shares during the period.

Insiders Place Their Bets

In other Kennametal news, VP Carlonda R. 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 transaction of $397,870.56. Following the sale, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 over the last 90 days. Company insiders own 1.43% of the company’s stock.

Kennametal Price Performance

KMT opened at $33.48 on Friday. 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 capitalization of $2.55 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.21 and a beta of 1.36. The business’s fifty day simple moving average is $35.81 and its 200-day simple moving average is $35.63. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’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. On average, equities research analysts anticipate that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were issued 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 2.4%. Kennametal’s dividend payout ratio is currently 45.20%.

Wall Street Analysts Forecast Growth

KMT has been the topic of several analyst reports. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their target price on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday, May 7th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $37.36.

Kennametal 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.