Burney Co. Takes Position in Kennametal Inc. $KMT

Burney Co. purchased a new position in shares of Kennametal Inc. (NYSE:KMT) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 20,316 shares of the industrial products company’s stock, valued at approximately $734,000.

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

Insiders Place Their Bets

In other news, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president owned 25,143 shares of the company’s stock, valued at $832,736.16. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction 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. Insiders sold a total of 47,000 shares of company stock valued at $1,583,326 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

NYSE:KMT opened at $33.06 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 18.68, a PEG ratio of 0.21 and a beta of 1.36. 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 business’s 50-day moving average price is $35.22 and its two-hundred day moving average price is $35.80. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities analysts predict that Kennametal Inc. will post 3.23 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s payout ratio is currently 45.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson started coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.