SG Americas Securities LLC Decreases Stock Holdings in Kennametal Inc. $KMT

SG Americas Securities LLC reduced its position in Kennametal Inc. (NYSE:KMT) by 74.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,129 shares of the industrial products company’s stock after selling 23,628 shares during the period. SG Americas Securities LLC’s holdings in Kennametal were worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMT. Headlands Technologies LLC boosted its stake in Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Kennametal by 1.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 88,508 shares of the industrial products company’s stock valued at $2,032,000 after purchasing an additional 855 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 860 shares in the last quarter. CWM LLC grew its stake in Kennametal by 9.2% during the 3rd quarter. CWM LLC now owns 10,286 shares of the industrial products company’s stock worth $215,000 after buying an additional 869 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Kennametal by 5.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,572 shares of the industrial products company’s stock worth $449,000 after buying an additional 1,059 shares during the last quarter.

Kennametal Stock Up 1.5%

KMT stock opened at $34.80 on Friday. The firm’s fifty day simple moving average is $30.10 and its 200-day simple moving average is $25.27. The company has a market capitalization of $2.65 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 4.07 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $35.10.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.10. The firm had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities research analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMT. Barclays increased their price target on Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group reiterated a “sell” rating and issued a $28.00 target price on shares of Kennametal in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.67.

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.