VIRGINIA RETIREMENT SYSTEMS ET Al Sells 25,560 Shares of Kennametal Inc. $KMT

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Kennametal Inc. (NYSE:KMT) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,812 shares of the industrial products company’s stock after selling 25,560 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.12% of Kennametal worth $2,580,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gallacher Capital Management LLC bought a new stake in shares of Kennametal in the 3rd quarter valued at approximately $571,000. Vanguard Group Inc. grew its stake in shares of Kennametal by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock valued at $188,412,000 after purchasing an additional 155,566 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Kennametal by 27.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 331,663 shares of the industrial products company’s stock valued at $6,942,000 after purchasing an additional 71,732 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of Kennametal by 38.2% in the 3rd quarter. Dana Investment Advisors Inc. now owns 307,544 shares of the industrial products company’s stock valued at $6,437,000 after purchasing an additional 85,032 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Kennametal by 3,273.8% in the 4th quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock valued at $7,792,000 after purchasing an additional 266,131 shares during the period.

Insider Activity at Kennametal

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

Kennametal Stock Up 0.3%

Shares of KMT opened at $35.18 on Friday. The company has a market capitalization of $2.68 billion, a P/E ratio of 19.87, a PEG ratio of 0.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The business’s 50 day simple moving average is $37.75 and its 200-day simple moving average is $33.57.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The business had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, sell-side analysts predict that Kennametal Inc. will post 2.99 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 12th. Kennametal’s payout ratio is presently 45.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $32.00 price objective on Kennametal in a research note on Friday, February 6th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Thursday, May 7th. Finally, Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $36.93.

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.