Y Intercept Hong Kong Ltd Invests $1.53 Million in Kennametal Inc. $KMT

Y Intercept Hong Kong Ltd purchased a new stake in Kennametal Inc. (NYSE:KMT) in the 1st quarter, Holdings Channel.com reports. The firm purchased 42,411 shares of the industrial products company’s stock, valued at approximately $1,532,000.

A number of other institutional investors have also modified their holdings of KMT. Dimensional Fund Advisors LP lifted its holdings in Kennametal by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after acquiring an additional 96,888 shares during the last quarter. State Street Corp boosted its stake in Kennametal by 0.3% in the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after acquiring an additional 9,963 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kennametal by 5.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,991,140 shares of the industrial products company’s stock valued at $56,568,000 after purchasing an additional 104,092 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Kennametal by 20.7% during the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock valued at $32,366,000 after purchasing an additional 265,664 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of Kennametal by 3.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock worth $38,167,000 after purchasing an additional 47,839 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings downgraded Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. DA Davidson started coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price objective for the company. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $37.36.

Kennametal Stock Performance

NYSE KMT traded up $0.36 on Friday, hitting $33.50. The stock had a trading volume of 972,031 shares, compared to its average volume of 992,890. The company’s 50-day moving average is $35.12 and its two-hundred day moving average is $35.78. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.21 and a beta of 1.36. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, analysts expect that Kennametal Inc. will post 3.23 earnings per share for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.4%. Kennametal’s payout ratio is presently 45.20%.

Insider Buying and Selling at Kennametal

In other news, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,000 shares of company stock valued at $1,583,326 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

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.