Insider Selling: Kennametal (NYSE:KMT) VP Sells $197,238.72 in Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 5,488 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This represents a 54.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kennametal Price Performance

Kennametal stock opened at $36.32 on Friday. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The business has a fifty day moving average of $36.54 and a two-hundred day moving average of $35.15. The company has a market cap of $2.77 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.37.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts predict that Kennametal Inc. will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is presently 45.20%.

Analyst Upgrades and Downgrades

KMT has been the subject of several research analyst reports. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a research note on Thursday, May 7th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings downgraded Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Seven research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $35.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Kennametal in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. boosted its position in 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 worth $28,000 after acquiring an additional 972 shares during the last quarter. Danske Bank A S acquired a new stake in Kennametal during the fourth quarter worth approximately $31,000. Headlands Technologies LLC grew its stake in Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 682 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares during the period.

Kennametal Company 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.