29,305 Shares in Kennametal Inc. $KMT Acquired by State of Wyoming

State of Wyoming purchased a new stake in Kennametal Inc. (NYSE:KMT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,305 shares of the industrial products company’s stock, valued at approximately $1,027,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kennametal by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after buying an additional 2,013 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kennametal by 13.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock valued at $5,124,000 after buying an additional 28,020 shares during the last quarter. Jane Street Group LLC grew its position in shares of Kennametal by 39.3% in the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after buying an additional 64,907 shares during the last quarter. Finally, Norges Bank acquired a new stake in Kennametal during the 2nd quarter worth $585,000.

Insider Buying and Selling

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the sale, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,000 shares of company stock valued at $1,583,326 over the last quarter. 1.43% of the stock is currently owned by insiders.

Kennametal Stock Up 2.7%

KMT stock opened at $31.21 on Friday. The company has a fifty day moving average price of $34.20 and a 200 day moving average price of $36.26. Kennametal Inc. has a 12 month low of $20.35 and a 12 month high of $43.81. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. During the same quarter in the prior year, the business earned $0.34 EPS. Kennametal’s quarterly revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Sell-side analysts expect that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Kennametal’s dividend payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. dropped their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Jefferies Financial Group cut 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 downgraded Kennametal from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, DA Davidson decreased their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kennametal has an average rating of “Reduce” and a consensus price target of $34.07.

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.