Louisiana State Employees Retirement System Buys New Stake in Kennametal Inc. $KMT

Louisiana State Employees Retirement System bought a new stake in shares of Kennametal Inc. (NYSE:KMT) during the 1st quarter, Holdings Channel reports. The firm bought 33,800 shares of the industrial products company’s stock, valued at approximately $1,221,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ritholtz Wealth Management acquired a new position in shares of Kennametal during the first quarter valued at $670,000. SG Americas Securities LLC raised its position in shares of Kennametal by 9.5% during the 1st quarter. SG Americas Securities LLC now owns 300,207 shares of the industrial products company’s stock worth $10,846,000 after buying an additional 25,947 shares in the last quarter. Baron Wealth Management LLC lifted its stake in shares of Kennametal by 3.8% in the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock worth $433,000 after acquiring an additional 439 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Kennametal by 3,600.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares during the period. Finally, Corient Private Wealth LLC bought a new position in shares of Kennametal in the fourth quarter valued at approximately $217,000.

Analyst Ratings Changes

A number of research analysts recently commented on KMT shares. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. DA Davidson initiated coverage on Kennametal in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price for the company. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $37.36.

Insider Buying and Selling at Kennametal

In related news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. The trade was a 54.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 47,000 shares of company stock valued at $1,583,326. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

NYSE:KMT opened at $33.48 on Friday. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $35.70 and a 200-day moving average of $35.62. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36.

Kennametal (NYSE:KMT) last released its earnings results 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 business had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Kennametal’s dividend payout ratio is currently 45.20%.

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.