16,537 Shares of Kennametal Inc. $KMT Acquired by Michael J. Porro & Co. Financial Advisors Inc.

Michael J. Porro & Co. Financial Advisors Inc. acquired a new stake in Kennametal Inc. (NYSE:KMT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,537 shares of the industrial products company’s stock, valued at approximately $508,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Kennametal during the second quarter worth approximately $440,446,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Kennametal by 15.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock valued at $83,039,000 after acquiring an additional 307,209 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Kennametal during the 2nd quarter valued at $69,614,000. Medina Value Partners LLC acquired a new position in shares of Kennametal during the 2nd quarter valued at $43,007,296. Finally, NFJ Investment Group LLC bought a new position in Kennametal during the second quarter worth $36,202,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KMT shares. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. decreased their price objective on Kennametal from $34.00 to $30.00 and set an “underweight” rating for the company in a report on Thursday, October 8th. DA Davidson lowered their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $31.00 to $27.00 in a report on Monday, August 10th. Finally, UBS Group reduced their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Kennametal has a consensus rating of “Reduce” and an average target price of $33.50.

Insiders Place Their Bets

In related news, VP Judith L. 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 owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Chowbey bought 7,000 shares of the 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 purchase, the chief executive officer owned 246,839 shares in the company, valued at $7,183,014.90. The trade was a 2.92% increase in their position. The SEC filing for this purchase provides additional information. 1.65% of the stock is owned by corporate insiders.

Kennametal Stock Performance

Shares of KMT opened at $30.99 on Friday. The firm has a market cap of $2.37 billion, a PE ratio of 7.04, a PEG ratio of 0.30 and a beta of 1.33. Kennametal Inc. has a 1 year low of $21.70 and a 1 year high of $43.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The stock’s fifty day moving average price is $30.59 and its two-hundred day moving average price is $33.91.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.65. The firm had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The business’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $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. On average, equities research analysts forecast that Kennametal Inc. will post 4.92 EPS for the current year.

Kennametal Dividend Announcement

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

About Kennametal

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components, and wear-resistant solutions. Its products are designed to help customers machine, shape, and protect materials used in demanding industrial applications.

The company’s offerings include cutting tools and tooling systems for metalworking, as well as engineered components, advanced materials, and surface technologies intended to improve durability and performance.