15,968 Shares in Kennametal Inc. $KMT Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in Kennametal Inc. (NYSE:KMT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,968 shares of the industrial products company’s stock, valued at approximately $577,000.

Several other institutional investors also recently bought and sold shares of KMT. Arrowstreet Capital Limited Partnership lifted its stake in shares of Kennametal by 36.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock worth $39,496,000 after purchasing an additional 505,669 shares during the period. Medina Value Partners LLC boosted its holdings in shares of Kennametal by 72.7% during the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after purchasing an additional 407,487 shares during the last quarter. UBS Group AG grew its position in shares of Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after purchasing an additional 352,726 shares during the period. Marshall Wace LLP grew its position in shares of Kennametal by 776.9% in the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after purchasing an additional 332,981 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in Kennametal by 195.3% in the second quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock valued at $10,859,000 after purchasing an additional 312,769 shares during the last quarter.

Insider Activity

In related news, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the sale, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,000 shares of company stock valued at $1,583,326 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMT. DA Davidson initiated coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price on the stock. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Finally, Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $37.36.

Kennametal Trading Down 0.0%

KMT stock opened at $33.48 on Friday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 0.21 and a beta of 1.36. 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 business has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $35.62. Kennametal Inc. has a 52 week low of $17.62 and a 52 week high of $43.81.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’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 expect that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is 45.20%.

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.