Capstone Investment Advisors LLC Acquires Shares of 18,882 Kennametal Inc. $KMT

Capstone Investment Advisors LLC acquired a new stake in Kennametal Inc. (NYSE:KMT) in the second quarter, HoldingsChannel.com reports. The fund acquired 18,882 shares of the industrial products company’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Kennametal in the 2nd quarter valued at $440,446,000. Dimensional Fund Advisors LP boosted its position in Kennametal by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after purchasing an additional 96,888 shares during the period. State Street Corp increased its holdings in shares of Kennametal by 0.3% in the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after purchasing an additional 9,963 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kennametal by 15.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock valued at $83,039,000 after purchasing an additional 307,209 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Kennametal in the second quarter valued at about $69,614,000.

Analysts Set New Price Targets

KMT has been the subject of a number of research reports. DA Davidson cut their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research note on Monday, July 13th. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $31.00 to $27.00 in a report on Monday, August 10th. Jefferies Financial Group cut 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. Finally, UBS Group decreased their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $34.07.

Kennametal Stock Down 2.3%

KMT opened at $29.52 on Friday. The stock has a fifty day moving average of $33.19 and a 200-day moving average of $35.84. The company has a market capitalization of $2.25 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.30 and a beta of 1.36. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same period in the prior year, the company posted $0.34 earnings per share. Kennametal’s revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, equities analysts expect that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Insider Transactions at Kennametal

In related news, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the sale, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was 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. Over the last ninety days, insiders have sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is currently owned by company insiders.

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.