Legato Capital Management LLC Cuts Stock Position in Kennametal Inc. $KMT

Legato Capital Management LLC decreased its holdings in shares of Kennametal Inc. (NYSE:KMT) by 41.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 33,477 shares of the industrial products company’s stock after selling 23,632 shares during the period. Legato Capital Management LLC’s holdings in Kennametal were worth $701,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kennametal by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after purchasing an additional 2,013 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kennametal by 13.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock valued at $5,124,000 after buying an additional 28,020 shares in the last quarter. Jane Street Group LLC boosted its holdings in Kennametal by 39.3% in the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after buying an additional 64,907 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Kennametal by 19.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,900 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 11,419 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on KMT. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Barclays increased their price objective on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. The Goldman Sachs Group set a $32.00 price objective on Kennametal in a report on Friday, February 6th. UBS Group lifted their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley increased their target price on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Kennametal presently has a consensus rating of “Hold” and an average target price of $34.67.

Kennametal Stock Performance

Shares of Kennametal stock opened at $41.91 on Thursday. The business’s 50 day moving average price is $35.36 and its 200 day moving average price is $27.92. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 0.69 and a beta of 1.47. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55. Kennametal Inc. has a one year low of $17.30 and a one year high of $42.03.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, research analysts predict that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Kennametal’s payout ratio is 55.94%.

Insider Buying and Selling

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president directly owned 1,634 shares in the company, valued at $62,565.86. The trade was a 75.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.43% of the stock is owned by company insiders.

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.