De Lisle Partners LLP Makes New $4.18 Million Investment in Kennametal Inc. $KMT

De Lisle Partners LLP bought a new position in shares of Kennametal Inc. (NYSE:KMT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 119,299 shares of the industrial products company's stock, valued at approximately $4,183,000. De Lisle Partners LLP owned about 0.16% of Kennametal at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Kennametal in the second quarter worth about $440,446,000. William Blair Investment Management LLC bought a new stake in Kennametal during the 2nd quarter valued at about $69,614,000. NFJ Investment Group LLC purchased a new stake in Kennametal in the 2nd quarter valued at about $36,202,000. Bank of New York Mellon Corp bought a new position in Kennametal in the 2nd quarter worth about $33,949,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Kennametal by 36.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company's stock worth $39,496,000 after acquiring an additional 505,669 shares in the last quarter.

Wall Street Analysts Forecast Growth

KMT has been the subject of several research analyst reports. DA Davidson decreased their price target on shares of Kennametal from $34.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Weiss Ratings restated a "hold (c+)" rating on shares of Kennametal in a report on Monday, August 17th. Zacks Research lowered Kennametal from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Jefferies Financial Group cut Kennametal from a "buy" rating to a "hold" rating and set a $47.50 target price for the company. in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Kennametal from $40.00 to $34.00 and set an "underweight" rating on the stock in a research report on Monday, July 13th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Kennametal presently has an average rating of "Reduce" and a consensus price target of $34.07.

Kennametal Trading Up 0.9%

NYSE:KMT opened at $30.04 on Friday. The firm has a 50-day simple moving average of $33.85 and a 200-day simple moving average of $36.12. Kennametal Inc. has a one year low of $20.35 and a one year high of $43.81. The firm has a market cap of $2.29 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.29 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62.

Kennametal (NYSE:KMT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same period last year, the firm earned $0.34 earnings per share. The company's quarterly revenue was up 42.6% on a year-over-year basis. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current fiscal 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. 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 dividend payout ratio (DPR) is 18.18%.

Insider Buying and Selling at Kennametal

In other news, VP Carlonda R. Reilly sold 12,013 shares of the business's stock in a transaction on 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 directly owned 25,143 shares of the company's stock, valued at approximately $832,736.16. The trade was a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sagar A. Patel sold 29,499 shares of the company's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is currently owned by corporate insiders.

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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