SG Americas Securities LLC Raises Position in Kennametal Inc. $KMT

Key Points

• SG Americas Securities LLC massively increased its stake in Kennametal by 3,273.8% in Q4 to 274,260 shares (about $7.79M), representing roughly 0.36% of the company.
• Several large institutional investors also boosted positions—most notably Brandes Investment Partners (now 8.15M shares, ~$187M) and increased holdings from Vanguard, American Century, Fisher, and Arrowstreet.
• Kennametal beat Q results (EPS $0.47 vs. $0.35 consensus; revenue $529.5M, +9.9% YoY), set Q3 and FY2026 guidance, declared a $0.20 quarterly dividend (annual $0.80, 2.3% yield), and saw insider selling by two VPs (insiders now own 1.43%).

SG Americas Securities LLC increased its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 3,273.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,260 shares of the industrial products company's stock after purchasing an additional 266,131 shares during the quarter. SG Americas Securities LLC owned approximately 0.36% of Kennametal worth $7,792,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company's stock worth $188,412,000 after buying an additional 155,566 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of Kennametal by 65.9% in the second quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company's stock valued at $187,219,000 after buying an additional 3,238,093 shares during the period. American Century Companies Inc. lifted its position in shares of Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company's stock valued at $88,355,000 after buying an additional 1,289,624 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Kennametal by 10.1% during the 2nd quarter. Fisher Asset Management LLC now owns 2,564,944 shares of the industrial products company's stock worth $58,891,000 after acquiring an additional 234,550 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Kennametal by 36.6% during 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 during the period.

Insiders Place Their Bets

In other news, VP Carlonda R. Reilly sold 13,410 shares of the 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 of the company's stock, valued at $1,406,867.26. This represents a 25.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the sale, the vice president directly owned 1,634 shares of the company's stock, valued at $62,565.86. This represents a 75.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is owned by corporate insiders.

Kennametal Price Performance

Shares of NYSE KMT opened at $34.83 on Tuesday. The stock's 50-day simple moving average is $37.66 and its two-hundred day simple moving average is $29.95. Kennametal Inc. has a twelve month low of $17.30 and a twelve month high of $42.03. The firm has a market capitalization of $2.65 billion, a P/E ratio of 24.36, a P/E/G ratio of 0.62 and a beta of 1.47. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The company 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 was up 9.9% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, February 10th. Kennametal's payout ratio is currently 55.94%.

Analyst Ratings Changes

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

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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