LSV Asset Management Invests $2.29 Million in Kennametal Inc. $KMT

LSV Asset Management purchased a new position in Kennametal Inc. (NYSE:KMT) during the fourth quarter, Holdings Channel.com reports. The firm purchased 80,600 shares of the industrial products company’s stock, valued at approximately $2,290,000.

A number of other hedge funds have also modified their holdings of the stock. OLD National Bancorp IN increased its stake in shares of Kennametal by 3.8% in the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 377 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Kennametal by 21.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 446 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Kennametal by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 450 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Kennametal by 8.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 461 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Kennametal by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 42,796 shares of the industrial products company’s stock worth $1,215,000 after acquiring an additional 492 shares during the last quarter.

Insider Transactions at Kennametal

In related news, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.43% of the stock is owned by company insiders.

Kennametal Stock Down 5.9%

Shares of KMT opened at $34.77 on Thursday. The company has a 50-day simple moving average of $37.12 and a 200-day simple moving average of $34.35. The firm has a market capitalization of $2.65 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.24 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. Kennametal Inc. has a 52 week low of $17.62 and a 52 week high of $43.81.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities research analysts expect that Kennametal Inc. will post 2.99 earnings per share for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio is 45.20%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $40.00 to $33.00 in a report on Wednesday. The Goldman Sachs Group set a $32.00 price objective on shares of Kennametal in a report on Friday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a report on Thursday, May 7th. Finally, Morgan Stanley upped their price objective on shares of Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Kennametal has a consensus rating of “Reduce” and an average price target of $35.93.

Kennametal Company 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.