JPMorgan Chase & Co. Sells 506,664 Shares of Kennametal Inc. $KMT

Key Points

• JPMorgan Chase cut its Kennametal stake by 68.5%, selling 506,664 shares and leaving it with 233,172 shares (about 0.31% of the company) worth roughly $4.88 million.
• Kennametal beat expectations with $0.47 EPS vs. $0.35 est. and $529.5M revenue vs. $514.7M est., issued Q3 2026 guidance of $0.50–$0.60 and FY2026 guidance of $2.05–$2.45, while analysts hold a consensus "Hold" rating and $34.67 target.
• The company pays a quarterly dividend of $0.20 (annualized $0.80, ~2.2% yield) and has seen insider selling (notably two VPs), with insiders owning about 1.43% of the stock.

JPMorgan Chase & Co. decreased its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 68.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 233,172 shares of the industrial products company's stock after selling 506,664 shares during the period. JPMorgan Chase & Co. owned 0.31% of Kennametal worth $4,880,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 446 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Kennametal by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company's stock valued at $129,000 after buying an additional 461 shares during the period. Headlands Technologies LLC grew its position in Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company's stock worth $35,000 after buying an additional 682 shares in the last quarter. Amalgamated Bank grew its position in Kennametal by 3.4% during the third quarter. Amalgamated Bank now owns 22,625 shares of the industrial products company's stock worth $474,000 after buying an additional 751 shares in the last quarter. Finally, CWM LLC increased its stake in Kennametal by 9.2% in the 3rd quarter. CWM LLC now owns 10,286 shares of the industrial products company's stock worth $215,000 after acquiring an additional 869 shares during the last quarter.

Kennametal Stock Performance

Shares of NYSE KMT opened at $36.00 on Friday. The stock's 50-day moving average is $37.78 and its 200 day moving average is $30.14. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 0.62 and a beta of 1.48. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $42.03. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT - Get Free Report) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. The business had revenue of $529.53 million during the quarter, compared to analyst estimates of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.Kennametal's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, sell-side analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Kennametal's dividend payout ratio (DPR) is currently 55.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group set a $32.00 price target on Kennametal in a research report on Friday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $25.00 to $37.00 and gave the company an "underweight" rating in a research note on Wednesday, January 14th. UBS Group lifted their target price on shares of Kennametal from $32.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Barclays boosted their price target on shares of Kennametal from $28.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday, February 9th. Finally, Morgan Stanley increased their price target on shares of Kennametal from $29.00 to $36.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kennametal presently has a consensus rating of "Hold" and a consensus target price of $34.67.

Insiders Place Their Bets

In related news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at $1,406,867.26. This trade represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John Wayne Witt sold 5,060 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the sale, the vice president owned 1,634 shares of the company's stock, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by company insiders.

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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