Lazard Asset Management LLC Has $9.91 Million Stock Holdings in Kennametal Inc. $KMT

Lazard Asset Management LLC lifted its holdings in shares of Kennametal Inc. (NYSE:KMT) by 46.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,240 shares of the industrial products company’s stock after purchasing an additional 86,411 shares during the quarter. Lazard Asset Management LLC’s holdings in Kennametal were worth $9,908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. LSV Asset Management acquired a new stake in shares of Kennametal in the fourth quarter worth about $2,290,000. Medina Value Partners LLC increased its holdings in shares of Kennametal by 72.7% during the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after acquiring an additional 407,487 shares during the last quarter. Steel Grove Capital Advisors LLC acquired a new position in shares of Kennametal during the 4th quarter valued at about $1,911,000. UBS Group AG raised its stake in shares of Kennametal by 190.1% in the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 352,726 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Kennametal in the 1st quarter valued at approximately $1,221,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMT shares. JPMorgan Chase & Co. decreased their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research report on Thursday, May 7th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley dropped their target price on shares of Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, July 17th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $35.79.

Kennametal Stock Down 5.8%

Shares of KMT stock opened at $33.56 on Thursday. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The stock has a fifty day moving average price of $34.51 and a 200 day moving average price of $36.33. The stock has a market cap of $2.56 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.36.

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

Insider Activity at Kennametal

In other news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the sale, the vice president directly owned 4,554 shares of the company’s stock, valued at $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal 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 completion of the sale, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Kennametal Company 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.