Strs Ohio Increases Stake in Kennametal Inc. $KMT

Strs Ohio lifted its position in Kennametal Inc. (NYSE:KMT) by 132.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,000 shares of the industrial products company’s stock after acquiring an additional 15,400 shares during the quarter. Strs Ohio’s holdings in Kennametal were worth $976,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KMT. Kohmann Bosshard Financial Services LLC purchased a new stake in Kennametal in the 4th quarter worth about $28,000. Rockefeller Capital Management L.P. boosted 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 valued at $28,000 after buying an additional 972 shares during the period. Danske Bank A S purchased a new position in shares of Kennametal during the fourth quarter valued at approximately $31,000. Headlands Technologies LLC grew its stake in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after buying an additional 682 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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.

Kennametal Stock Down 2.5%

Shares of NYSE:KMT opened at $33.37 on Wednesday. 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 $2.54 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.22 and a beta of 1.36. The business’s 50 day moving average is $35.48 and its 200 day moving average is $35.73. 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 issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same period in the previous year, the company posted $0.47 EPS. Kennametal’s 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 predict that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s payout ratio is presently 45.20%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMT. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. DA Davidson started coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price for the company. JPMorgan Chase & Co. boosted 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, Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Kennametal presently has an average rating of “Reduce” and a consensus price target of $37.36.

Insider Activity at Kennametal

In other news, VP Carlonda R. Reilly sold 12,013 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president owned 25,143 shares in the company, valued at approximately $832,736.16. The trade was a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is 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.