1,227,027 Shares in Kennametal Inc. $KMT Purchased by Medina Value Partners LLC

Key Points

• Medina Value Partners acquired 1,227,027 Kennametal shares, representing about 1.61% of the company and 8.4% of the firm’s portfolio, making KMT its largest holding.
• Analyst sentiment remains cautious: five analysts rate Kennametal a Hold and four rate it a Sell, with an average rating of “Reduce” and a consensus price target of $34.07. Company insiders also sold 47,000 shares worth approximately $1.58 million during the last quarter.
• Kennametal exceeded quarterly earnings expectations, reporting $2.96 in EPS and $736.6 million in revenue, up 42.6% year over year. The company maintains a quarterly dividend of $0.20, equivalent to a 2.7% annual yield.

Medina Value Partners LLC acquired a new position in shares of Kennametal Inc. (NYSE:KMT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,227,027 shares of the industrial products company's stock, valued at approximately $43,007,296,000. Kennametal makes up approximately 8.4% of Medina Value Partners LLC's holdings, making the stock its largest position. Medina Value Partners LLC owned approximately 1.61% of Kennametal at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMT. Allworth Financial LP bought a new stake in shares of Kennametal during the 2nd quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Kennametal in the fourth quarter valued at approximately $28,000. Rockefeller Capital Management L.P. increased its stake in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 972 shares during the last quarter. Danske Bank A S acquired a new position in Kennametal during the fourth quarter valued at approximately $31,000. Finally, Headlands Technologies LLC raised its position in Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 682 shares in the last quarter.

Wall Street Analyst Weigh In

KMT has been the topic of a number of research analyst reports. Zacks Research downgraded Kennametal from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. UBS Group lowered their price target on Kennametal from $39.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, August 10th. JPMorgan Chase & Co. dropped their price objective on Kennametal from $40.00 to $34.00 and set an "underweight" rating for the company in a research report on Monday, July 13th. Morgan Stanley lowered Kennametal from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $31.00 to $27.00 in a research note on Monday, August 10th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Kennametal in a research report on Monday, August 17th. Five equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Kennametal presently has an average rating of "Reduce" and a consensus target price of $34.07.

Insider Activity at Kennametal

In related news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction that occurred 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 sale, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was 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 owned by insiders.

Kennametal Stock Performance

Shares of Kennametal stock opened at $29.26 on Wednesday. The company's 50 day moving average price is $33.58 and its two-hundred day moving average price is $36.01. The firm has a market capitalization of $2.23 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week 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.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to analysts' expectations of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.Kennametal's revenue was up 42.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.20 dividend. 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 is currently 18.18%.

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.

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