Kennametal Inc. $KMT Stock Position Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in shares of Kennametal Inc. (NYSE:KMT) by 27.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,663 shares of the industrial products company’s stock after buying an additional 71,732 shares during the quarter. Public Sector Pension Investment Board’s holdings in Kennametal were worth $6,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brandes Investment Partners LP boosted its position in shares of Kennametal by 65.9% during the 2nd quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock valued at $187,219,000 after purchasing an additional 3,238,093 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Kennametal by 63.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock valued at $31,716,000 after purchasing an additional 534,978 shares in the last quarter. Apollo Management Holdings L.P. bought a new stake in Kennametal in the second quarter worth $8,794,000. Russell Investments Group Ltd. increased its position in Kennametal by 828.9% during the second quarter. Russell Investments Group Ltd. now owns 414,132 shares of the industrial products company’s stock worth $9,509,000 after buying an additional 369,548 shares during the last quarter. Finally, M&G PLC bought a new position in Kennametal during the second quarter valued at about $7,764,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on KMT shares. The Goldman Sachs Group set a $32.00 price objective on shares of Kennametal in a research note on Friday, February 6th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Barclays boosted their price target on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. raised their price objective on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note 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, Kennametal has a consensus rating of “Hold” and an average target price of $34.67.

Kennametal Stock Performance

Shares of Kennametal stock opened at $39.10 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. Kennametal Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $41.74. The firm has a market cap of $2.98 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.68 and a beta of 1.50. The firm has a 50 day simple moving average of $32.96 and a 200 day simple moving average of $26.53.

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

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis 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 55.94%.

About Kennametal

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.