Wellington Management Group LLP Has $21.77 Million Stock Position in Kennametal Inc. $KMT

Wellington Management Group LLP lifted its stake in shares of Kennametal Inc. (NYSE:KMT) by 12.1% during the second quarter, HoldingsChannel reports. The firm owned 621,213 shares of the industrial products company’s stock after acquiring an additional 66,904 shares during the quarter. Wellington Management Group LLP’s holdings in Kennametal were worth $21,774,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Kennametal during the second quarter worth $25,000. Rockefeller Capital Management L.P. lifted its stake in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 972 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Kennametal by 80.7% in the 2nd 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. C M Bidwell & Associates Ltd. acquired a new position in shares of Kennametal during the 2nd quarter worth about $70,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,228 shares during the last quarter.

Kennametal Stock Down 0.5%

Shares of KMT opened at $30.88 on Monday. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. Kennametal Inc. has a 52 week low of $20.35 and a 52 week high of $43.81. The firm’s 50-day simple moving average is $32.61 and its 200 day simple moving average is $35.44.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. During the same period last year, the business posted $0.34 earnings per share. The business’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. On average, analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued 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 dividend payout ratio (DPR) is presently 18.18%.

Insider Transactions at Kennametal

In other Kennametal news, VP Judith Bacchus sold 5,488 shares of the 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 transaction, the vice president owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. DA Davidson dropped their price objective on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. UBS Group cut their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Finally, Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus 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.