Kennametal Inc. $KMT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of Kennametal Inc. (NYSE:KMT) by 19.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,084 shares of the industrial products company’s stock after selling 7,740 shares during the quarter. Intech Investment Management LLC’s holdings in Kennametal were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning grew its position in shares of Kennametal by 42.4% in the second quarter. Creative Planning now owns 29,646 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 8,825 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Kennametal in the 2nd quarter valued at approximately $729,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Kennametal by 5.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,572 shares of the industrial products company’s stock valued at $449,000 after buying an additional 1,059 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Kennametal by 89.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,698 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,692 shares during the last quarter. Finally, M&G PLC purchased a new position in Kennametal during the second quarter worth $7,764,000.

Kennametal Trading Down 0.3%

Shares of KMT stock opened at $27.71 on Thursday. The firm’s 50-day simple moving average is $23.34 and its 200-day simple moving average is $22.73. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.46 and a quick ratio of 1.19. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $29.15. The firm has a market cap of $2.11 billion, a P/E ratio of 23.09, a PEG ratio of 3.83 and a beta of 1.50.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The firm had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. Kennametal’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is 65.57%.

Wall Street Analyst Weigh In

KMT has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays raised their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.83.

Kennametal Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.