Wesbanco Bank Inc. Buys New Position in Kennametal Inc. $KMT

Wesbanco Bank Inc. purchased a new position in shares of Kennametal Inc. (NYSE:KMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,500 shares of the industrial products company’s stock, valued at approximately $777,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after buying an additional 1,289,624 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Kennametal by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock worth $39,496,000 after acquiring an additional 505,669 shares during the last quarter. Medina Value Partners LLC grew its stake in Kennametal by 72.7% in the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after acquiring an additional 407,487 shares during the period. UBS Group AG grew its stake in Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after acquiring an additional 352,726 shares during the period. Finally, Marshall Wace LLP raised its holdings in Kennametal by 776.9% in the 4th quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after acquiring an additional 332,981 shares during the last quarter.

Kennametal Stock Up 0.0%

Shares of NYSE KMT opened at $35.79 on Monday. The stock has a market capitalization of $2.73 billion, a PE ratio of 20.22, a P/E/G ratio of 0.21 and a beta of 1.37. 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 firm has a fifty day moving average of $36.16 and a 200-day moving average of $35.48. 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, topping the consensus estimate of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same period last year, the company posted $0.47 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, analysts anticipate that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Dividend Announcement

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 2.2%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is 45.20%.

Insider Activity

In other news, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president owned 25,143 shares of the company’s stock, valued at $832,736.16. The trade was a 32.33% decrease in their position. The SEC filing for this sale provides additional information. 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

A number of research analysts have weighed in on KMT shares. Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. DA Davidson began 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. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a report on Thursday, May 7th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $37.36.

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.