Kennametal (NYSE:KMT) CEO Sanjay Chowbey Acquires 7,000 Shares

Kennametal Inc. (NYSE:KMT) CEO Sanjay Chowbey bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $29.10 per share, for a total transaction of $203,700.00. Following the completion of the transaction, the chief executive officer directly owned 246,839 shares of the company’s stock, valued at $7,183,014.90. This represents a 2.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kennametal Price Performance

Shares of Kennametal stock opened at $29.45 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 6.69, a PEG ratio of 0.29 and a beta of 1.34. The stock has a 50 day moving average of $32.19 and a 200 day moving average of $35.15. 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.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The business had revenue of $736.61 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts expect that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s payout ratio is currently 18.18%.

Institutional Trading of Kennametal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMT. WINTON GROUP Ltd boosted its position in shares of Kennametal by 170.1% during the second quarter. WINTON GROUP Ltd now owns 58,366 shares of the industrial products company’s stock valued at $2,046,000 after buying an additional 36,757 shares during the period. Engineers Gate Manager LP raised its holdings in shares of Kennametal by 166.2% in the second quarter. Engineers Gate Manager LP now owns 121,709 shares of the industrial products company’s stock worth $4,266,000 after buying an additional 75,990 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Kennametal during the 2nd quarter worth approximately $44,000. Squarepoint Ops LLC bought a new stake in shares of Kennametal during the 2nd quarter worth approximately $589,000. Finally, Nykredit A S purchased a new position in Kennametal during the 2nd quarter valued at $37,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on KMT. JPMorgan Chase & Co. dropped their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Finally, UBS Group reduced their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $34.07.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company’s offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.