Carlonda Reilly Sells 12,013 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) VP Carlonda Reilly sold 12,013 shares of the business’s stock in a transaction on 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 in the company, valued at $832,736.16. This represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kennametal Trading Up 0.8%

NYSE KMT opened at $32.93 on Friday. The business’s 50-day moving average price is $36.78 and its two-hundred day moving average price is $34.59. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The firm has a market capitalization of $2.51 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.21 and a beta of 1.37. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the previous year, the company posted $0.47 EPS. The business’s 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 expect that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend 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 research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Thursday, May 7th. UBS Group upped their price target on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. The Goldman Sachs Group set a $32.00 price target on Kennametal in a research note on Friday, February 6th. Finally, Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $35.93.

Institutional Trading of Kennametal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Kennametal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after purchasing an additional 155,566 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Kennametal by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after purchasing an additional 96,888 shares in the last quarter. American Century Companies Inc. increased its holdings in Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock worth $88,355,000 after purchasing an additional 1,289,624 shares in the last quarter. State Street Corp increased its holdings in Kennametal by 0.3% during the 4th quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock worth $82,382,000 after purchasing an additional 9,963 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Kennametal by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after purchasing an additional 307,209 shares in the last quarter.

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.