Sagar Patel Sells 29,499 Shares of Kennametal (NYSE:KMT) Stock

Kennametal Inc. (NYSE:KMT) Director Sagar Patel sold 29,499 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kennametal Stock Performance

Shares of NYSE:KMT opened at $33.34 on Thursday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 0.22 and a beta of 1.37. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The firm’s 50-day moving average is $36.59 and its 200 day moving average is $34.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate 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 net margin of 6.41% and a return on equity of 11.02%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Research analysts predict that Kennametal Inc. will post 2.99 EPS for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KMT. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Kennametal in the 4th quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its stake in shares of Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,068 shares in the last quarter. Danske Bank A S bought a new position in shares of Kennametal during the fourth quarter valued at approximately $31,000. Finally, Headlands Technologies LLC boosted its stake in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on KMT shares. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Kennametal has an average rating of “Reduce” and an average target price of $35.93.

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.