Edgestream Partners L.P. Makes New $2.96 Million Investment in Kennametal Inc. $KMT

Edgestream Partners L.P. purchased a new stake in Kennametal Inc. (NYSE:KMT) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 81,877 shares of the industrial products company’s stock, valued at approximately $2,958,000.

A number of other large investors also recently made changes to their positions in KMT. Royal Bank of Canada grew its position in shares of Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after purchasing an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kennametal by 4.5% during the first 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 boosted its stake in Kennametal by 13.2% in 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 last quarter. Jane Street Group LLC boosted its stake in Kennametal by 39.3% in the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after buying an additional 64,907 shares during the last quarter. Finally, Norges Bank purchased a new stake in Kennametal in the 2nd quarter valued at about $585,000.

Kennametal Stock Performance

Shares of NYSE:KMT opened at $34.03 on Friday. The firm has a market capitalization of $2.59 billion, a PE ratio of 19.22, a P/E/G ratio of 0.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The business has a 50-day moving average of $34.43 and a two-hundred day moving average of $36.33. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same period in the previous year, the company posted $0.47 EPS. The company’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. As a group, research analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current year.

Insider Activity at Kennametal

In related news, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The transaction 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 Kennametal stock in a transaction that occurred 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 directly owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 47,000 shares of company stock worth $1,583,326. Company insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMT. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a research note on Thursday, May 7th. DA Davidson started coverage on shares of Kennametal in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a report on Monday, July 13th. Morgan Stanley dropped their price target on shares of Kennametal from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, July 17th. Finally, Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $35.79.

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.