Wellington Management Group LLP Purchases 66,904 Shares of Kennametal Inc. $KMT

Wellington Management Group LLP boosted its position in shares of Kennametal Inc. (NYSE:KMT) by 12.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 621,213 shares of the industrial products company’s stock after purchasing an additional 66,904 shares during the quarter. Wellington Management Group LLP owned 0.82% of Kennametal worth $21,774,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Kennametal by 17.7% in the 1st quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after buying an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $986,000 after buying an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 period. Jane Street Group LLC lifted its holdings in Kennametal by 39.3% during the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after acquiring an additional 64,907 shares in the last quarter. Finally, Norges Bank bought a new position in Kennametal during the second quarter worth about $585,000.

Kennametal Stock Performance

Shares of Kennametal stock opened at $30.88 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.31 and a beta of 1.34. The stock’s 50-day moving average is $32.61 and its 200-day moving average is $35.44. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81.

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

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMT. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Morgan Stanley lowered Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, UBS Group cut their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $34.07.

Insider Activity at Kennametal

In other Kennametal news, VP Judith Bacchus sold 5,488 shares of Kennametal 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 directly owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.43% of the stock is currently owned by corporate insiders.

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.