Judith Bacchus Sells 5,488 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 5,488 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the sale, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. The trade was a 54.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kennametal Price Performance

NYSE:KMT traded up $0.90 during mid-day trading on Tuesday, reaching $36.45. 130,328 shares of the company were exchanged, compared to its average volume of 1,433,561. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a fifty day moving average of $36.52 and a 200 day moving average of $34.97. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The stock has a market cap of $2.78 billion, a PE ratio of 20.58, a PEG ratio of 0.22 and a beta of 1.37.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping 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 firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s 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 anticipate that Kennametal Inc. will post 2.99 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.2%. Kennametal’s dividend payout ratio is presently 45.20%.

Institutional Trading of Kennametal

Several hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. raised its holdings in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC raised its holdings in shares of 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 purchasing an additional 682 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 1,228 shares during the last quarter.

Analysts Set New Price Targets

KMT has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Thursday, May 7th. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Finally, DA Davidson initiated coverage on shares of Kennametal in a research note on Monday. They set a “neutral” rating and a $34.00 price objective on the stock. Seven investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $35.69.

Kennametal Company 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.