Dean Capital Management Buys 21,609 Shares of Kennametal Inc. $KMT

Dean Capital Management increased its stake in shares of Kennametal Inc. (NYSE:KMT) by 40.4% in the fourth quarter, HoldingsChannel reports. The firm owned 75,093 shares of the industrial products company’s stock after buying an additional 21,609 shares during the period. Dean Capital Management’s holdings in Kennametal were worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Kennametal in the fourth quarter valued at about $28,000. Danske Bank A S bought a new position in Kennametal in the fourth quarter worth about $31,000. Headlands Technologies LLC raised its holdings in Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 682 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after buying an additional 1,228 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Kennametal by 99.4% during the fourth quarter. Hantz Financial Services Inc. now owns 2,738 shares of the industrial products company’s stock valued at $78,000 after buying an additional 1,365 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMT. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research report on Thursday, May 7th. Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, DA Davidson assumed coverage on shares of Kennametal in a report on Tuesday. They issued a “neutral” rating and a $34.00 price target on the stock. Seven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $35.69.

Insider Transactions at Kennametal

In related news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the transaction, the vice president owned 25,143 shares of the company’s stock, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,000 shares of company stock worth $1,583,326 over the last 90 days. 1.43% of the stock is currently owned by company insiders.

Kennametal Trading Down 0.1%

Kennametal stock opened at $36.32 on Friday. 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 Inc. has a 52 week low of $17.62 and a 52 week high of $43.81. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.37. The stock has a 50-day moving average price of $36.54 and a 200 day moving average price of $35.15.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping 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 company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same quarter in the prior year, the company earned $0.47 EPS. Kennametal’s quarterly revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Sell-side analysts anticipate that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio is 45.20%.

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.