Quantinno Capital Management LP Has $1.70 Million Position in Kennametal Inc. $KMT

Quantinno Capital Management LP raised its position in Kennametal Inc. (NYSE:KMT) by 107.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,906 shares of the industrial products company’s stock after purchasing an additional 24,281 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of Kennametal worth $1,695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMT. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Kennametal in the 4th quarter valued at $28,000. Rockefeller Capital Management L.P. lifted its holdings in Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares in the last quarter. Danske Bank A S bought a new position in Kennametal during the fourth quarter worth about $31,000. Headlands Technologies LLC grew its stake in Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Kennametal by 142.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 1,228 shares during the period.

Insider Transactions at Kennametal

In other news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction 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 completion of the sale, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last ninety days. 1.43% of the stock is currently owned by corporate insiders.

Kennametal Stock Performance

Shares of Kennametal stock opened at $30.90 on Thursday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36. The stock’s 50-day moving average is $34.27 and its 200-day moving average is $36.32. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The company had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Kennametal’s revenue for the quarter was up 42.6% compared to the same quarter last year. 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 analysts predict that Kennametal Inc. will post 4.99 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KMT shares. JPMorgan Chase & Co. dropped their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $27.00 in a research note on Monday. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Five investment 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, the company currently has a consensus rating of “Reduce” and an average price target of $34.07.

About Kennametal

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.