SG Americas Securities LLC Buys 25,947 Shares of Kennametal Inc. $KMT

SG Americas Securities LLC lifted its stake in Kennametal Inc. (NYSE:KMT) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,207 shares of the industrial products company’s stock after purchasing an additional 25,947 shares during the period. SG Americas Securities LLC’s holdings in Kennametal were worth $10,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Wealth Management LLC raised its position in shares of Kennametal by 3.8% during the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 439 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Kennametal by 3,600.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 972 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Kennametal in the 4th quarter worth $217,000. DGS Capital Management LLC acquired a new stake in shares of Kennametal during the fourth quarter worth $236,000. Finally, Dean Capital Management grew its stake in shares of Kennametal by 40.4% during the fourth quarter. Dean Capital Management now owns 75,093 shares of the industrial products company’s stock worth $2,133,000 after purchasing an additional 21,609 shares during the period.

Kennametal Stock Down 2.0%

Kennametal stock opened at $35.79 on Friday. The company has a 50 day moving average of $36.16 and a 200-day moving average of $35.43. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a twelve month low of $17.62 and a twelve month high of $43.81. The stock has a market capitalization of $2.73 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.22 and a beta of 1.37.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS 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 analyst estimates of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities research analysts anticipate that Kennametal Inc. will post 3.23 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Analyst Ratings Changes

A number of analysts recently weighed in on KMT shares. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. DA Davidson assumed coverage on shares of Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price for the company. Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Finally, Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $37.36.

Insider Activity

In related news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,000 shares of company stock worth $1,583,326 over the last three months. Corporate insiders own 1.43% of the company’s stock.

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.