SG Americas Securities LLC Purchases 266,131 Shares of Kennametal Inc. $KMT

SG Americas Securities LLC lifted its position in shares of Kennametal Inc. (NYSE:KMT) by 3,273.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 274,260 shares of the industrial products company’s stock after purchasing an additional 266,131 shares during the quarter. SG Americas Securities LLC’s holdings in Kennametal were worth $7,792,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after buying an additional 155,566 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Kennametal by 65.9% during the second quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock worth $187,219,000 after acquiring an additional 3,238,093 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Kennametal by 44.0% in 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 acquiring an additional 1,289,624 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Kennametal by 10.1% in the 2nd quarter. Fisher Asset Management LLC now owns 2,564,944 shares of the industrial products company’s stock worth $58,891,000 after acquiring an additional 234,550 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Kennametal by 36.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after purchasing an additional 505,669 shares in the last quarter.

Insider Transactions at Kennametal

In related news, VP Carlonda R. Reilly sold 13,410 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at $1,406,867.26. The trade was a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $62,565.86. The trade was a 75.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by insiders.

Analysts Set New Price Targets

KMT has been the topic of several recent research reports. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a research report on Friday, February 6th. Morgan Stanley lifted their price objective on Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. Barclays boosted their target price on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. increased their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.67.

Kennametal Trading Down 3.5%

NYSE:KMT opened at $34.83 on Tuesday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 24.36, a P/E/G ratio of 0.62 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $37.66 and a 200 day moving average of $29.95. Kennametal Inc. has a 52 week low of $17.30 and a 52 week high of $42.03.

Kennametal (NYSE:KMT) last announced its quarterly 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 net margin of 5.43% and a return on equity of 9.46%. The business had revenue of $529.53 million for the quarter, compared to analyst estimates of $514.70 million. During the same quarter last year, the firm earned $0.25 EPS. The company’s revenue 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 earnings per share for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Kennametal’s dividend payout ratio (DPR) is presently 55.94%.

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.