Empowered Funds LLC Acquires 6,280 Shares of Kennametal Inc. $KMT

Empowered Funds LLC increased its stake in shares of Kennametal Inc. (NYSE:KMT) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 335,335 shares of the industrial products company’s stock after buying an additional 6,280 shares during the quarter. Empowered Funds LLC’s holdings in Kennametal were worth $7,699,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new position in shares of Kennametal during the second quarter worth $27,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Kennametal by 116.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 860 shares during the last quarter. US Bancorp DE grew its holdings in shares of Kennametal by 93.4% during the first quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,036 shares during the last quarter. GAMMA Investing LLC raised its holdings in Kennametal by 293.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after buying an additional 1,606 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Kennametal by 179.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock worth $61,000 after buying an additional 1,717 shares during the period.

Kennametal Stock Down 1.2%

Shares of NYSE KMT opened at $25.46 on Thursday. Kennametal Inc. has a 12-month low of $17.30 and a 12-month high of $29.84. The company has a quick ratio of 1.19, a current ratio of 2.46 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.94 billion, a PE ratio of 21.21, a P/E/G ratio of 3.83 and a beta of 1.50. The company’s fifty day simple moving average is $22.72 and its 200 day simple moving average is $22.50.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The company had revenue of $497.97 million for the quarter, compared to analysts’ expectations of $477.68 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, sell-side analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is currently 65.57%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KMT. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. UBS Group lifted their price objective on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Barclays increased their price objective on shares of Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kennametal currently has a consensus rating of “Hold” and a consensus target price of $25.83.

About Kennametal

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.