Kennametal (NYSE:KMT) VP Judith Bacchus Sells 9,676 Shares of Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 9,676 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total value of $293,086.04. Following the completion of the transaction, the vice president directly owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kennametal Price Performance

Shares of Kennametal stock opened at $29.66 on Thursday. The business’s fifty day moving average price is $32.36 and its 200 day moving average price is $35.26. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.26 billion, a P/E ratio of 6.74, a PEG ratio of 0.30 and a beta of 1.34.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, research analysts anticipate that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

Several research firms have issued reports on KMT. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $31.00 to $27.00 in a research note on Monday, August 10th. DA Davidson cut their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. UBS Group decreased their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $34.07.

Hedge Funds Weigh In On Kennametal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of Kennametal during the second quarter valued at approximately $25,000. Rockefeller Capital Management L.P. lifted its position in shares of Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 972 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares during the period. Nykredit A S purchased a new position in shares of Kennametal in the second quarter valued at $37,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Kennametal during the 2nd quarter valued at $44,000.

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.