State of Wyoming Acquires Shares of 29,305 Kennametal Inc. $KMT

State of Wyoming acquired a new position in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,305 shares of the industrial products company’s stock, valued at approximately $1,027,000.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in shares of Kennametal in the second quarter valued at about $1,187,000. Summit Global Investments acquired a new position in shares of Kennametal during the second quarter worth about $1,434,000. Ausbil Investment Management Ltd raised its holdings in Kennametal by 56.2% during the second quarter. Ausbil Investment Management Ltd now owns 35,347 shares of the industrial products company’s stock worth $1,188,000 after purchasing an additional 12,724 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Kennametal during the second quarter worth about $203,000. Finally, Cozad Asset Management Inc. acquired a new stake in Kennametal in the first quarter valued at about $1,228,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KMT shares. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. UBS Group decreased their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. DA Davidson cut their price objective on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a report on Thursday, May 7th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $34.07.

Insider Activity at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Kennametal Trading Up 2.7%

Shares of KMT opened at $31.21 on Friday. 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 firm’s 50-day moving average is $34.20 and its two-hundred day moving average is $36.26. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81. The firm has a market capitalization of $2.38 billion, a P/E ratio of 7.09, a PEG ratio of 0.30 and a beta of 1.36.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The company had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, research analysts predict that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

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.