178,113 Shares in Kennametal Inc. $KMT Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of Kennametal Inc. (NYSE:KMT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 178,113 shares of the industrial products company’s stock, valued at approximately $6,243,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after buying an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kennametal by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after acquiring an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kennametal by 13.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after acquiring an additional 28,020 shares during the period. Jane Street Group LLC boosted its holdings in Kennametal by 39.3% in the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after acquiring an additional 64,907 shares in the last quarter. Finally, Norges Bank bought a new stake in Kennametal in the second quarter valued at $585,000.

Kennametal Price Performance

Shares of KMT stock opened at $29.38 on Thursday. The business’s fifty day moving average is $32.85 and its 200 day moving average is $35.57. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.29 and a beta of 1.34. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating 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 business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Research analysts expect that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is 18.18%.

Analyst Ratings Changes

KMT has been the subject of several research reports. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. JPMorgan Chase & Co. reduced their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. DA Davidson decreased their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Kennametal currently has an average rating of “Reduce” and a consensus target price of $34.07.

Insider Transactions at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The SEC filing for this sale provides additional information. Company insiders own 1.43% of the company’s stock.

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.