Insider Selling: Kennametal (NYSE:KMT) VP Sells $293,086.04 in Stock

Kennametal Inc. (NYSE:KMT) VP Judith Bacchus sold 9,676 shares of Kennametal stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the transaction, the vice president directly owned 15,721 shares of the company’s stock, valued at approximately $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kennametal Stock Up 1.1%

KMT opened at $29.45 on Friday. The firm’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $35.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) 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 analysts’ expectations of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities research analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KMT shares. DA Davidson reduced their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. UBS Group reduced their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. decreased their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Finally, Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $34.07.

Institutional Trading of Kennametal

Several hedge funds have recently modified their holdings of KMT. Allworth Financial LP bought a new position in Kennametal in the 2nd quarter worth approximately $25,000. Rockefeller Capital Management L.P. boosted its position in 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 valued at $28,000 after buying an additional 972 shares during the last quarter. Nykredit A S acquired a new stake in shares of Kennametal in the 2nd quarter valued at $37,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Kennametal in the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC raised its position 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 worth $35,000 after acquiring an additional 682 shares during the last quarter.

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.