Kennametal Inc. $KMT Shares Bought by State of Wyoming

State of Wyoming increased its holdings in Kennametal Inc. (NYSE:KMT) by 83.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,966 shares of the industrial products company’s stock after purchasing an additional 14,510 shares during the quarter. State of Wyoming’s holdings in Kennametal were worth $1,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMT. OLD National Bancorp IN grew its position in Kennametal by 3.8% in the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after buying an additional 377 shares during the last quarter. Baron Wealth Management LLC lifted 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. ProShare Advisors LLC lifted its position in shares of Kennametal by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 450 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of Kennametal by 16.6% during the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 457 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Kennametal by 1.2% during the 4th quarter. State of Alaska Department of Revenue now owns 42,796 shares of the industrial products company’s stock worth $1,215,000 after acquiring an additional 492 shares in the last quarter.

Insiders Place Their Bets

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the sale, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 in the last quarter. 1.43% of the stock is currently owned by corporate insiders.

Kennametal Trading Up 0.9%

Shares of NYSE KMT opened at $34.70 on Thursday. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The firm has a market capitalization of $2.64 billion, a PE ratio of 19.60, a PEG ratio of 0.60 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $34.52 and a two-hundred day moving average price of $36.14.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share 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 analysts’ expectations of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business 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 disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio is currently 45.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMT. JPMorgan Chase & Co. cut their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. DA Davidson initiated coverage on Kennametal in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price target for the company. Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. Morgan Stanley cut their price objective on Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, July 17th. Finally, Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Kennametal currently has an average rating of “Reduce” and an average price target of $35.79.

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.