Federated Hermes Inc. Raises Holdings in Kennametal Inc. $KMT

Federated Hermes Inc. lifted its position in shares of Kennametal Inc. (NYSE:KMT) by 80.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,755 shares of the industrial products company’s stock after buying an additional 19,474 shares during the quarter. Federated Hermes Inc.’s holdings in Kennametal were worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in Kennametal in the third quarter worth about $229,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Kennametal by 1.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,832 shares of the industrial products company’s stock valued at $1,357,000 after purchasing an additional 993 shares during the period. Amalgamated Bank raised its holdings in shares of Kennametal by 3.4% in the 3rd quarter. Amalgamated Bank now owns 22,625 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 751 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Kennametal by 47.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,762 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 895 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Kennametal by 12.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 116,372 shares of the industrial products company’s stock worth $2,436,000 after purchasing an additional 13,000 shares during the period.

Kennametal Stock Up 5.3%

Kennametal stock opened at $40.29 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.18. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 3.23 and a beta of 1.50. Kennametal Inc. has a 1-year low of $17.30 and a 1-year high of $40.90. The business has a fifty day moving average price of $31.25 and a 200-day moving average price of $25.79.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The company had revenue of $529.53 million for the quarter, compared to analyst estimates of $514.70 million. During the same period in the prior year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. Equities research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, February 10th. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. increased their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Morgan Stanley lifted their price target on Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Barclays boosted their price target on Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $31.50.

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.