VIRGINIA RETIREMENT SYSTEMS ET Al Has $2.58 Million Stock Holdings in Kennametal Inc. $KMT

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Kennametal Inc. (NYSE:KMT) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,812 shares of the industrial products company’s stock after selling 25,560 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Kennametal were worth $2,580,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Kennametal during the 4th quarter worth $28,000. Hantz Financial Services Inc. lifted its stake in shares of Kennametal by 350.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,068 shares during the period. Danske Bank A S acquired a new position in shares of Kennametal in the 4th quarter valued at $31,000. Headlands Technologies LLC lifted its stake 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 valued at $35,000 after purchasing an additional 682 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 1,228 shares during the period.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMT. Weiss Ratings raised Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. UBS Group increased their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. Barclays increased their price target 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, Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $36.93.

Kennametal Price Performance

KMT opened at $35.18 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a fifty day simple moving average of $37.75 and a 200 day simple moving average of $33.57. The stock has a market cap of $2.68 billion, a P/E ratio of 19.87, a P/E/G ratio of 0.22 and a beta of 1.44.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business had revenue of $592.59 million during the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, research analysts expect that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th will be given a $0.20 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Kennametal’s dividend payout ratio is currently 45.20%.

Insider Transactions at Kennametal

In other Kennametal news, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Wayne Witt sold 5,060 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president owned 1,634 shares of the company’s stock, valued at approximately $62,565.86. This trade represents a 75.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is currently owned by corporate insiders.

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.