Jackson Creek Investment Advisors LLC Acquires Shares of 15,509 Kennametal Inc. $KMT

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Kennametal Inc. (NYSE:KMT) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 15,509 shares of the industrial products company’s stock, valued at approximately $441,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OLD National Bancorp IN raised its position in Kennametal by 3.8% during the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 377 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Kennametal by 21.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock valued at $53,000 after buying an additional 446 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Kennametal by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after buying an additional 450 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Kennametal by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after buying an additional 461 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Kennametal by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 42,796 shares of the industrial products company’s stock valued at $1,215,000 after buying an additional 492 shares during the last quarter.

Insider Transactions at Kennametal

In related news, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares of the company’s stock, valued at $1,406,867.26. This represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMT shares. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. 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. Morgan Stanley upped their target price on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, UBS Group upped their target price on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kennametal presently has an average rating of “Reduce” and a consensus price target of $35.93.

Kennametal Stock Down 5.9%

Shares of NYSE:KMT opened at $34.77 on Thursday. Kennametal Inc. has a 52-week low of $17.62 and a 52-week high of $43.81. The stock has a market cap of $2.65 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 0.24 and a beta of 1.44. The business’s 50 day moving average is $37.12 and its 200 day moving average is $34.35. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $568.03 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Kennametal’s 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. Sell-side analysts predict that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.3%. Kennametal’s dividend payout ratio is 45.20%.

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.