JPMorgan Chase & Co. Sells 506,664 Shares of Kennametal Inc. $KMT

JPMorgan Chase & Co. lowered its holdings in Kennametal Inc. (NYSE:KMT) by 68.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 233,172 shares of the industrial products company’s stock after selling 506,664 shares during the quarter. JPMorgan Chase & Co.’s holdings in Kennametal were worth $4,880,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its stake in shares of Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,068 shares during the period. Headlands Technologies LLC lifted 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 worth $35,000 after acquiring an additional 682 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Kennametal by 142.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 1,228 shares in the last quarter. Versant Capital Management Inc increased its position in Kennametal by 47.9% during the 3rd quarter. Versant Capital Management Inc now owns 2,762 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 895 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Kennametal by 8.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 461 shares during the period.

Insider Transactions at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at approximately $1,406,867.26. This represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John Wayne Witt sold 5,060 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the sale, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their position. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by company insiders.

Kennametal Stock Down 1.4%

Shares of NYSE:KMT opened at $36.00 on Friday. The stock has a fifty day simple moving average of $37.78 and a two-hundred day simple moving average of $30.14. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 0.62 and a beta of 1.48. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $42.03. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business had revenue of $529.53 million for the quarter, compared to the consensus estimate of $514.70 million. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, research analysts anticipate that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, February 10th. Kennametal’s dividend payout ratio is 55.94%.

Analyst Ratings Changes

Several equities research analysts have recently commented on KMT shares. UBS Group raised their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Barclays raised their target price on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. raised their price objective on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.67.

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.