Cozad Asset Management Inc. Takes $1.23 Million Position in Kennametal Inc. $KMT

Key Points

• Cozad Asset Management acquired 33,976 Kennametal shares worth approximately $1.23 million, while several other major institutional investors also increased their positions.
• Kennametal reported stronger-than-expected quarterly results, with EPS of $0.77 versus a $0.68 estimate and revenue of $592.6 million, up 21.8% year over year. The company also maintained a quarterly dividend of $0.20 per share, yielding about 2.4% annually.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and three rate it Sell, producing a consensus “Reduce” rating and a $35.79 price target. Company insiders sold 47,000 shares worth roughly $1.58 million during the quarter.

Cozad Asset Management Inc. acquired a new position in shares of Kennametal Inc. (NYSE:KMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 33,976 shares of the industrial products company's stock, valued at approximately $1,228,000.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Kennametal by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company's stock worth $134,964,000 after acquiring an additional 96,888 shares during the period. State Street Corp increased its holdings in shares of Kennametal by 0.3% during the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company's stock worth $82,382,000 after buying an additional 9,963 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 worth $83,039,000 after purchasing an additional 307,209 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Kennametal by 20.7% in the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company's stock valued at $32,366,000 after buying an additional 265,664 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Kennametal by 3.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company's stock valued at $38,167,000 after acquiring an additional 47,839 shares during the period.

Insider Buying and Selling

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the transaction, the vice president owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were 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. In the last quarter, insiders have sold 47,000 shares of company stock valued at $1,583,326. Corporate insiders own 1.43% of the company's stock.

Kennametal Price Performance

Kennametal stock opened at $34.03 on Monday. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The business's 50 day simple moving average is $34.43 and its 200 day simple moving average is $36.37. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.46 and a beta of 1.36.

Kennametal (NYSE:KMT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Sell-side analysts forecast that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Kennametal's dividend payout ratio is currently 45.20%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Kennametal from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, May 20th. Morgan Stanley decreased their price target on shares of Kennametal from $36.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, July 17th. Zacks Research lowered shares of Kennametal from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 14th. DA Davidson began coverage on shares of Kennametal in a report on Tuesday, June 16th. They issued a "neutral" rating and a $34.00 target price on the stock. Finally, Barclays cut Kennametal from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Kennametal currently has a consensus rating of "Reduce" and a consensus price target of $35.79.

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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