Connor Clark & Lunn Investment Management Ltd. Takes Position in Kennametal Inc. $KMT

Connor Clark & Lunn Investment Management Ltd. bought a new position in Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 165,088 shares of the industrial products company’s stock, valued at approximately $5,786,000.

Other large investors have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Kennametal during the 2nd quarter valued at $1,135,000. De Lisle Partners LLP purchased a new position in Kennametal during the second quarter worth $4,183,000. William Blair Investment Management LLC purchased a new position in Kennametal during the second quarter worth $69,614,000. Ieq Capital LLC bought a new position in Kennametal during the second quarter valued at $963,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Kennametal in the second quarter valued at $70,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMT. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. UBS Group cut their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Morgan Stanley lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Finally, DA Davidson dropped their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kennametal has an average rating of “Reduce” and a consensus target price of $34.07.

Insiders Place Their Bets

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. This represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 47,000 shares of company stock worth $1,583,326 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Up 0.5%

NYSE:KMT opened at $30.17 on Friday. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 6.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36. The stock has a fifty day simple moving average of $33.33 and a 200-day simple moving average of $35.88. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. The firm had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s payout ratio is 18.18%.

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.