WINTON GROUP Ltd Grows Stock Position in Kennametal Inc. $KMT

WINTON GROUP Ltd increased its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 170.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,366 shares of the industrial products company's stock after buying an additional 36,757 shares during the quarter. WINTON GROUP Ltd owned about 0.08% of Kennametal worth $2,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KMT. Allworth Financial LP purchased a new stake in shares of Kennametal in the second quarter valued at $25,000. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 972 shares during the last quarter. Headlands Technologies LLC boosted its stake in shares of Kennametal by 80.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company's stock worth $35,000 after purchasing an additional 682 shares during the period. Nykredit A S purchased a new position in shares of Kennametal during the 2nd quarter worth about $37,000. Finally, Integrated Wealth Concepts LLC bought a new position in Kennametal during the 2nd quarter valued at about $44,000.

Analyst Ratings Changes

Several brokerages have issued reports on KMT. DA Davidson decreased their price objective 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. JPMorgan Chase & Co. reduced their price target on Kennametal from $40.00 to $34.00 and set an "underweight" rating on the stock in a report on Monday, July 13th. Barclays lowered Kennametal from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Zacks Research downgraded Kennametal from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, UBS Group reduced their target price on Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Kennametal currently has an average rating of "Reduce" and a consensus price target of $34.07.

Insider Buying and Selling at Kennametal

In related news, CEO Sanjay Chowbey purchased 7,000 shares of Kennametal stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $29.10 per share, with a total value of $203,700.00. Following the transaction, the chief executive officer owned 246,839 shares in the company, valued at approximately $7,183,014.90. The trade was a 2.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Judith L. Bacchus sold 9,676 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total value of $293,086.04. Following the sale, the vice president owned 15,721 shares of the company's stock, valued at $476,189.09. This trade represents a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by company insiders.

Kennametal Stock Up 1.1%

Shares of Kennametal stock opened at $29.45 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.29 and a beta of 1.34. The firm's 50-day moving average is $32.19 and its two-hundred day moving average is $35.15. Kennametal Inc. has a 1 year low of $20.35 and a 1 year high of $43.81.

Kennametal (NYSE:KMT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. During the same quarter in the previous year, the business posted $0.34 EPS. The company's quarterly revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, research analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were 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 was Tuesday, August 11th. Kennametal's dividend payout ratio (DPR) is 18.18%.

Kennametal Company Profile

Kennametal Inc NYSE: KMT is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company's offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.

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