GSA Capital Partners LLP acquired a new position in Kennametal Inc. (NYSE:KMT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,873 shares of the industrial products company's stock, valued at approximately $1,187,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Kennametal during the 4th quarter worth $28,000. Rockefeller Capital Management L.P. raised its stake in Kennametal by 3,600.0% in the 4th 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 period. Danske Bank A S purchased a new stake in Kennametal during the fourth quarter valued at about $31,000. Headlands Technologies LLC lifted its holdings 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 during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company's stock worth $48,000 after purchasing an additional 1,228 shares during the period.
Kennametal Trading Up 1.6%
Shares of KMT stock opened at $31.71 on Tuesday. The company has a market capitalization of $2.42 billion, a PE ratio of 7.21, a price-to-earnings-growth ratio of 0.31 and a beta of 1.36. Kennametal Inc. has a 52-week low of $20.35 and a 52-week high of $43.81. The business's fifty day moving average is $34.17 and its 200 day moving average is $36.25. 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 posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.31 by $0.65. The business 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%.The firm's revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 earnings per share. 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 research analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current fiscal year.
Kennametal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. Kennametal's payout ratio is presently 18.18%.
Analyst Ratings Changes
KMT has been the topic of several research reports. Barclays lowered shares of Kennametal from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $40.00 to $34.00 and set an "underweight" rating for the company in a report on Monday, July 13th. Morgan Stanley lowered shares of 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. UBS Group lowered their target price on shares of Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Finally, DA Davidson dropped their target price on Kennametal from $34.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $34.07.
View Our Latest Report on KMT
Insider Buying and Selling
In other Kennametal 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 completion of the sale, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction 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. This represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 47,000 shares of company stock worth $1,583,326. Insiders own 1.43% of the company's stock.
Kennametal Company Profile
(
Free Report)
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.
Further Reading
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