54,675 Shares of Kennametal Inc. $KMT Acquired by Range Financial Group LLC

Key Points

• Range Financial Group acquired 54,675 Kennametal shares during the third quarter, worth approximately $1.68 million and representing about 0.07% of the company. Several other institutional investors also recently initiated or increased positions.
• Kennametal reported strong quarterly results, with earnings of $2.96 per share beating estimates by $0.65 and revenue rising 42.6% year over year to $736.61 million. The company guided to fiscal 2027 EPS of $4.15–$5.15 and maintains a quarterly dividend of $0.20 per share.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $33.50 target price, while recent firms including UBS, Morgan Stanley, JPMorgan and DA Davidson lowered their price targets or ratings.

Range Financial Group LLC acquired a new stake in Kennametal Inc. (NYSE:KMT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,675 shares of the industrial products company's stock, valued at approximately $1,681,000. Range Financial Group LLC owned about 0.07% of Kennametal at the end of the most recent quarter.

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

Kennametal Stock Performance

NYSE:KMT opened at $31.20 on Wednesday. The company has a market cap of $2.38 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.29 and a beta of 1.33. The firm's 50 day moving average is $30.54 and its two-hundred day moving average is $33.81. Kennametal Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $43.81. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The firm had revenue of $736.61 million for the quarter, compared to analysts' expectations of $725.74 million. During the same quarter last year, the firm earned $0.34 earnings per share. The firm's revenue for the quarter was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts expect that Kennametal Inc. will post 4.92 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 2.6%. Kennametal's dividend payout ratio (DPR) is presently 18.18%.

Insider Activity at Kennametal

In other Kennametal news, VP Judith Bacchus sold 9,676 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total transaction of $293,086.04. Following the completion of the sale, the vice president directly owned 15,721 shares in the company, valued at $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Chowbey acquired 7,000 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of $29.10 per share, with a total value of $203,700.00. Following the transaction, the chief executive officer directly owned 246,839 shares of the company's stock, valued at approximately $7,183,014.90. This represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group lowered their target price on Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Morgan Stanley cut Kennametal from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $31.00 to $27.00 in a report on Monday, August 10th. Weiss Ratings upgraded Kennametal from a "hold (c+)" rating to a "buy (b-)" rating in a research 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 on the stock in a research note on Thursday, October 8th. Finally, DA Davidson dropped their price objective on Kennametal from $34.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $33.50.

About Kennametal

Kennametal Inc NYSE: KMT is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company's offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.

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