Jupiter Topco LLC Acquires Shares of 34,064 Kennametal Inc. $KMT

Jupiter Topco LLC acquired a new position in Kennametal Inc. (NYSE:KMT) in the second quarter, HoldingsChannel.com reports. The fund acquired 34,064 shares of the industrial products company’s stock, valued at approximately $1,194,000.

Several other hedge funds have also modified their holdings of KMT. Hsbc Holdings PLC acquired a new stake in shares of Kennametal during the 2nd quarter valued at about $2,091,000. PDT Partners LLC acquired a new position in Kennametal in the 2nd quarter worth about $1,631,000. Canada Pension Plan Investment Board purchased a new position in Kennametal during the second quarter worth approximately $459,000. Legal & General Group Plc purchased a new position in Kennametal during the second quarter worth approximately $6,243,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kennametal in the second quarter valued at approximately $1,261,000.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The disclosure for this sale is available in the SEC filing. Insiders own 1.43% of the company’s stock.

Kennametal Trading Up 4.9%

Shares of KMT stock opened at $30.88 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.31 and a beta of 1.34. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The company has a 50 day moving average price of $32.61 and a 200 day moving average price of $35.47.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm’s revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities research analysts predict that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s payout ratio is presently 18.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMT shares. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. DA Davidson cut their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. UBS Group dropped their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Finally, Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $31.00 to $27.00 in a report on Monday, August 10th. Five investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kennametal presently has an average rating of “Reduce” and an average target price of $34.07.

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.