William Blair Investment Management LLC Takes Position in Kennametal Inc. $KMT

William Blair Investment Management LLC purchased a new position in Kennametal Inc. (NYSE:KMT) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,986,136 shares of the industrial products company’s stock, valued at approximately $69,614,000.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP bought a new stake in Kennametal during the 2nd quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Kennametal in the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. raised its position in shares of Kennametal by 3,600.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares in the last quarter. Danske Bank A S purchased a new position in shares of Kennametal in the 4th quarter valued at approximately $31,000. Finally, Headlands Technologies LLC lifted its stake in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares during the period.

Kennametal Stock Performance

KMT stock opened at $30.04 on Friday. The stock’s 50 day simple moving average is $33.85 and its 200 day simple moving average is $36.12. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. Kennametal Inc. has a 12-month low of $20.35 and a 12-month high of $43.81. The stock has a market capitalization of $2.29 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36.

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

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In other news, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. 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 in the last 90 days. 1.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMT. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. UBS Group cut their price objective on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a report on Monday. Finally, DA Davidson dropped their price target on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $34.07.

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.