Quantbot Technologies LP Invests $1.14 Million in Kennametal Inc. $KMT

Quantbot Technologies LP purchased a new stake in Kennametal Inc. (NYSE:KMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,378 shares of the industrial products company’s stock, valued at approximately $1,135,000.

Other hedge funds also recently modified their holdings of the company. De Lisle Partners LLP bought a new stake in Kennametal during the 2nd quarter worth $4,183,000. William Blair Investment Management LLC bought a new position in Kennametal in the second quarter valued at about $69,614,000. Ieq Capital LLC acquired a new stake in shares of Kennametal during the second quarter valued at about $963,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Kennametal during the second quarter valued at about $70,000. Finally, Allworth Financial LP bought a new stake in shares of Kennametal during the second quarter worth about $25,000.

Insider Transactions at Kennametal

In related news, Director Sagar A. Patel sold 29,499 shares of the business’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 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 the company’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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is owned by company insiders.

Kennametal Price Performance

Shares of KMT opened at $29.26 on Wednesday. The business has a 50-day moving average of $33.58 and a 200-day moving average of $36.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a 1 year low of $20.35 and a 1 year high of $43.81.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The business had revenue of $736.61 million for the quarter, compared to analysts’ expectations 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 business posted $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio is currently 18.18%.

Analyst Ratings Changes

Several research analysts have recently issued reports on KMT shares. Morgan Stanley downgraded Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $31.00 to $27.00 in a research note on Monday, August 10th. JPMorgan Chase & Co. reduced their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. DA Davidson dropped their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Finally, UBS Group cut their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Kennametal has an average rating of “Reduce” and an average price target of $34.07.

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.