Jupiter Topco LLC Takes $1.19 Million Position in Kennametal Inc. $KMT

Jupiter Topco LLC purchased a new position in Kennametal Inc. (NYSE:KMT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,064 shares of the industrial products company’s stock, valued at approximately $1,194,000.

A number of other hedge funds have also recently made changes to their positions in KMT. BlackRock Inc. purchased a new position in Kennametal in the second quarter valued at about $440,446,000. William Blair Investment Management LLC purchased a new stake in shares of Kennametal during the second quarter valued at about $69,614,000. NFJ Investment Group LLC bought a new stake in shares of Kennametal in the 2nd quarter valued at about $36,202,000. Bank of New York Mellon Corp bought a new stake in shares of Kennametal in the 2nd quarter valued at about $33,949,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Kennametal by 36.6% in the 3rd 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 during the last quarter.

Kennametal Trading Up 4.9%

Kennametal stock opened at $30.88 on Friday. The stock has a 50-day moving average price of $32.61 and a 200 day moving average price of $35.47. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.31 and a beta of 1.34. Kennametal Inc. has a 52 week low of $20.35 and a 52 week high of $43.81. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The business had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. 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 anticipate that Kennametal Inc. will post 4.82 EPS for the current year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is currently 18.18%.

Analysts Set New Price Targets

A number of research firms recently commented on KMT. Morgan Stanley cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $31.00 to $27.00 in a research report on Monday, August 10th. JPMorgan Chase & Co. reduced their price target on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. DA Davidson lowered their price objective on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $34.07.

Insider Activity

In other Kennametal news, Director Sagar Patel sold 29,499 shares of Kennametal stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Judith Bacchus sold 5,488 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the transaction, the vice president directly owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their position. The SEC filing for this sale provides additional information. 1.43% of the stock is currently owned by company insiders.

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.