Kennametal Inc. $KMT Shares Newly Purchased by Range Financial Group LLC

Range Financial Group LLC bought a new stake in Kennametal Inc. (NYSE:KMT) in the third quarter, HoldingsChannel reports. The fund bought 54,675 shares of the industrial products company’s stock, valued at approximately $1,681,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Kennametal during the 2nd quarter worth approximately $440,446,000. William Blair Investment Management LLC acquired a new stake in Kennametal in the second quarter valued at approximately $69,614,000. Medina Value Partners LLC acquired a new stake in Kennametal in the second quarter valued at approximately $43,007,296. NFJ Investment Group LLC acquired a new stake in Kennametal in the second quarter valued at approximately $36,202,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Kennametal during the second quarter valued at approximately $33,949,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. UBS Group lowered their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. JPMorgan Chase & Co. dropped their price target on shares of Kennametal from $34.00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, October 8th. DA Davidson cut their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Finally, Morgan Stanley lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $31.00 to $27.00 in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $33.50.

Insiders Place Their Bets

In other Kennametal news, VP Judith Bacchus sold 9,676 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total transaction of $293,086.04. Following the completion of the transaction, the vice president directly owned 15,721 shares of the company’s stock, valued at $476,189.09. This trade represents a 38.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Chowbey bought 7,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $29.10 per share, with a total value of $203,700.00. Following the transaction, the chief executive officer directly owned 246,839 shares in the company, valued at approximately $7,183,014.90. The trade was a 2.92% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.65% of the company’s stock.

Kennametal Stock Performance

Shares of KMT opened at $31.20 on Wednesday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.29 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $30.54 and its two-hundred day moving average is $33.81. Kennametal Inc. has a 52-week low of $21.70 and a 52-week high of $43.81.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The business 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 business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts forecast that Kennametal Inc. will post 4.92 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio is 18.18%.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company’s offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.