Virtus Advisers LLC Makes New Investment in Kennametal Inc. $KMT

Virtus Advisers LLC purchased a new stake in Kennametal Inc. (NYSE:KMT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,375 shares of the industrial products company’s stock, valued at approximately $679,000.

A number of other institutional investors also recently modified their holdings of KMT. LSV Asset Management bought a new stake in Kennametal in the 4th quarter valued at approximately $2,290,000. Medina Value Partners LLC grew its stake 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 worth $27,509,000 after acquiring an additional 407,487 shares in the last quarter. UBS Group AG grew its stake in shares of Kennametal by 190.1% during the 4th quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after acquiring an additional 352,726 shares in the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $1,911,000. Finally, Cozad Asset Management Inc. acquired a new stake in shares of Kennametal in the first quarter valued at approximately $1,228,000.

Kennametal Stock Performance

NYSE KMT opened at $29.80 on Friday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $33.95 and its two-hundred day moving average price is $36.16. Kennametal Inc. has a 1 year low of $20.35 and a 1 year 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 analysts’ consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The company’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, research analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be 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 is Tuesday, August 11th. Kennametal’s payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction that occurred 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 owned 25,143 shares in the company, valued at $832,736.16. This represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,000 shares of company stock valued at $1,583,326 over the last 90 days. 1.43% of the stock is currently owned by insiders.

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.