XTX Topco Ltd Has $2.15 Million Stock Holdings in Kennametal Inc. $KMT

XTX Topco Ltd increased its holdings in shares of Kennametal Inc. (NYSE:KMT) by 173.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 93,413 shares of the industrial products company’s stock after purchasing an additional 59,234 shares during the quarter. XTX Topco Ltd’s holdings in Kennametal were worth $2,145,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Kennametal during the 2nd quarter worth about $27,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Kennametal by 116.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 860 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Kennametal by 93.4% during the first quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,036 shares during the period. GAMMA Investing LLC grew its position in Kennametal by 293.6% during the second quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,606 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in Kennametal by 179.2% during the second quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 1,717 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. UBS Group upped their target price on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wall Street Zen upgraded Kennametal from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.83.

Kennametal Stock Down 0.3%

KMT stock opened at $27.71 on Thursday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 3.83 and a beta of 1.50. The company has a 50-day moving average of $23.34 and a two-hundred day moving average of $22.73. Kennametal Inc. has a 52-week low of $17.30 and a 52-week high of $29.15. 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 (NYSE:KMT) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.10. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The firm had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities research analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. Kennametal’s dividend payout ratio is currently 65.57%.

About Kennametal

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.