De Lisle Partners LLP Takes $4.18 Million Position in Kennametal Inc. $KMT

De Lisle Partners LLP acquired a new position in Kennametal Inc. (NYSE:KMT) during the second quarter, HoldingsChannel.com reports. The fund acquired 119,299 shares of the industrial products company’s stock, valued at approximately $4,183,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMT. Royal Bank of Canada boosted its stake in 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 acquiring an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 purchasing an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kennametal by 13.2% during 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 valued at $5,124,000 after purchasing an additional 28,020 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Kennametal in the 2nd quarter worth $585,000.

Kennametal Trading Up 0.9%

NYSE:KMT opened at $30.04 on Friday. The company has a market capitalization of $2.29 billion, a P/E ratio of 6.83, a PEG ratio of 0.29 and a beta of 1.36. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. Kennametal Inc. has a 12 month low of $20.35 and a 12 month high of $43.81. The firm has a fifty day simple moving average of $33.85 and a 200-day simple moving average of $36.12.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.65. The firm had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The firm’s revenue was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. 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, equities research analysts anticipate that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, August 11th. Kennametal’s payout ratio is presently 18.18%.

Insider Activity

In other news, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. This trade represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 47,000 shares of company stock valued at $1,583,326. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

KMT has been the topic of several research analyst reports. UBS Group dropped their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $34.07.

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.