Sanctuary Advisors LLC Invests $603,000 in Kennametal Inc. $KMT

Sanctuary Advisors LLC acquired a new position in Kennametal Inc. (NYSE:KMT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 17,209 shares of the industrial products company’s stock, valued at approximately $603,000.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP bought a new stake in Kennametal during the 2nd quarter valued at approximately $25,000. Rockefeller Capital Management L.P. increased its stake in Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares in the last quarter. Danske Bank A S bought a new stake in shares of Kennametal during the fourth quarter valued at approximately $31,000. Headlands Technologies LLC increased its holdings in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 682 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in Kennametal in the 2nd quarter worth about $70,000.

Kennametal Trading Down 2.3%

Shares of NYSE KMT opened at $29.52 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $33.19 and a two-hundred day simple moving average of $35.84. The firm has a market cap of $2.25 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 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 business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research report on Thursday, May 7th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson lowered their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Kennametal has an average rating of “Reduce” and an average price target of $34.07.

Insider Activity

In other news, 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 value of $197,238.72. Following the transaction, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction 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. In the last ninety days, insiders have sold 47,000 shares of company stock worth $1,583,326. Corporate insiders own 1.43% of the company’s stock.

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.