Steel Grove Capital Advisors LLC Invests $1.91 Million in Kennametal Inc. $KMT

Steel Grove Capital Advisors LLC acquired a new position in Kennametal Inc. (NYSE:KMT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 67,258 shares of the industrial products company’s stock, valued at approximately $1,911,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Kennametal in the 4th quarter worth about $28,000. Hantz Financial Services Inc. raised its stake in Kennametal by 350.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,068 shares in the last quarter. Danske Bank A S acquired a new stake in Kennametal in the 4th quarter worth about $31,000. Headlands Technologies LLC raised its stake in 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, Smartleaf Asset Management LLC raised its stake in Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,228 shares in the last quarter.

Insider Buying and Selling at Kennametal

In related news, VP Carlonda R. Reilly sold 13,410 shares of the company’s stock in a transaction on 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 sale, the vice president directly owned 38,746 shares in the company, valued at $1,406,867.26. This represents a 25.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.43% of the stock is currently owned by corporate insiders.

Kennametal Price Performance

Shares of NYSE:KMT opened at $36.95 on Wednesday. The firm has a 50 day moving average of $37.18 and a 200-day moving average of $34.29. The stock has a market capitalization of $2.82 billion, a PE ratio of 20.88, a PEG ratio of 0.23 and a beta of 1.44. The company has a current ratio of 2.38, a quick ratio of 0.99 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.

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

Kennametal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is currently 45.20%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMT. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. The Goldman Sachs Group set a $32.00 target price on Kennametal in a report on Friday, February 6th. UBS Group increased their target price on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Wednesday. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kennametal currently has an average rating of “Reduce” and a consensus target price of $35.93.

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.