Advisors Preferred LLC Invests $2.44 Million in Kennametal Inc. $KMT

Advisors Preferred LLC bought a new position in Kennametal Inc. (NYSE:KMT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,747 shares of the industrial products company's stock, valued at approximately $2,436,000. Advisors Preferred LLC owned about 0.10% of Kennametal at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. OLD National Bancorp IN grew its holdings in Kennametal by 3.8% in the 4th 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 in the last quarter. Baron Wealth Management LLC boosted its position in Kennametal by 3.8% during the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company's stock worth $433,000 after acquiring an additional 439 shares during the period. ProShare Advisors LLC grew its stake in shares of Kennametal by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company's stock worth $420,000 after purchasing an additional 450 shares in the last quarter. ARK Investment Management LLC grew its stake in shares of Kennametal by 16.6% in the fourth quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company's stock worth $91,000 after purchasing an additional 457 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Kennametal by 21.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,088 shares of the industrial products company's stock valued at $88,000 after purchasing an additional 551 shares during the period.

Kennametal Price Performance

Shares of NYSE KMT opened at $29.80 on Friday. Kennametal Inc. has a twelve month low of $20.35 and a twelve month high of $43.81. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $33.95 and a two-hundred day moving average of $36.16. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 0.30 and a beta of 1.36.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $736.61 million for 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 business's revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal's payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KMT. Barclays cut shares of 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 note on Wednesday, May 27th. Weiss Ratings reissued a "hold (c+)" rating on shares of Kennametal in a research note on Monday. Morgan Stanley downgraded shares of Kennametal from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. Jefferies Financial Group lowered shares of Kennametal from a "buy" rating to a "hold" rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Finally, Zacks Research cut shares of Kennametal from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $34.07.

Insider Activity

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was 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 directly owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares in the company, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock worth $1,583,326 over the last quarter. Corporate insiders own 1.43% of the company's stock.

Kennametal 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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