Hennessy Advisors Inc. Takes Position in Kennametal Inc. $KMT

Hennessy Advisors Inc. acquired a new position in Kennametal Inc. (NYSE:KMT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 256,500 shares of the industrial products company’s stock, valued at approximately $8,990,000.

Several other large investors have also recently bought and sold shares of KMT. LSV Asset Management acquired a new stake in shares of Kennametal during the 4th quarter worth approximately $2,290,000. Deutsche Bank AG acquired a new stake in Kennametal during the second quarter worth $9,166,000. Medina Value Partners LLC increased its holdings in Kennametal by 72.7% in the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after buying an additional 407,487 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Kennametal in the 2nd quarter valued at $69,614,000. Finally, UBS Group AG lifted its holdings in shares of Kennametal by 190.1% during the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after acquiring an additional 352,726 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kennametal has a consensus rating of “Reduce” and a consensus price target of $34.07.

Insider Activity

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of the company’s 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,000 shares of company stock valued at $1,583,326 over the last three months. 1.43% of the stock is owned by insiders.

Kennametal Price Performance

Shares of KMT stock opened at $29.52 on Friday. Kennametal Inc. has a 52 week low of $20.35 and a 52 week high of $43.81. The stock has a market capitalization of $2.25 billion, a PE ratio of 6.71, a PEG ratio of 0.29 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The stock’s fifty day moving average is $33.19 and its 200-day moving average is $35.84.

Kennametal (NYSE:KMT) last released its quarterly 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 return on equity of 24.83% and a net margin of 14.53%.The business had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Announces Dividend

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

Kennametal 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.