Hsbc Holdings PLC Acquires Shares of 59,645 Kennametal Inc. $KMT

Hsbc Holdings PLC purchased a new stake in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 59,645 shares of the industrial products company’s stock, valued at approximately $2,091,000.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Kennametal in the second quarter valued at approximately $440,446,000. William Blair Investment Management LLC bought a new position in shares of Kennametal in the second quarter worth $69,614,000. NFJ Investment Group LLC bought a new stake in shares of Kennametal during the second quarter valued at about $36,202,000. Bank of New York Mellon Corp purchased a new stake in Kennametal in the 2nd quarter worth approximately $33,949,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Kennametal by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock worth $39,496,000 after buying an additional 505,669 shares in the last quarter.

Insider Buying and Selling at Kennametal

In related news, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction 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. In the last ninety days, insiders sold 47,000 shares of company stock worth $1,583,326. 1.43% of the stock is owned by corporate insiders.

Kennametal Stock Down 0.1%

KMT stock opened at $29.52 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The business’s 50 day moving average price is $33.19 and its two-hundred day moving average price is $35.81. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 0.29 and a beta of 1.36. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.31 by $0.65. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter 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. As a group, analysts forecast that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KMT shares. UBS Group dropped their price objective on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. DA Davidson lowered their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Finally, Jefferies Financial Group cut shares of 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. Five 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, the company presently has an average rating of “Reduce” and an average target price of $34.07.

About Kennametal

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.