UBS Group AG Raises Stake in Kennametal Inc. $KMT

UBS Group AG boosted its position in Kennametal Inc. (NYSE:KMT) by 190.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 538,321 shares of the industrial products company’s stock after purchasing an additional 352,726 shares during the period. UBS Group AG’s holdings in Kennametal were worth $15,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock valued at $188,412,000 after buying an additional 155,566 shares during the last quarter. American Century Companies Inc. boosted its position in Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after buying an additional 1,289,624 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Kennametal by 36.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after buying an additional 505,669 shares during the last quarter. Wellington Management Group LLP boosted its position in Kennametal by 20.7% in the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock valued at $32,366,000 after buying an additional 265,664 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Kennametal by 3.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock valued at $38,167,000 after buying an additional 47,839 shares during the last quarter.

Kennametal Trading Down 1.9%

Shares of NYSE:KMT opened at $35.14 on Thursday. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a market capitalization of $2.68 billion, a PE ratio of 19.85, a PEG ratio of 0.27 and a beta of 1.44. The business has a 50 day moving average of $37.85 and a two-hundred day moving average of $33.48. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. During the same period in the previous year, the company posted $0.47 earnings per share. Kennametal’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts forecast that Kennametal Inc. will post 2.53 EPS for the current year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Kennametal’s payout ratio is presently 45.20%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMT. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $32.00 target price on Kennametal in a research report on Friday, February 6th. Jefferies Financial Group lowered 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 upped their target price on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, February 9th. Finally, Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $36.93.

Insider Buying and Selling

In other Kennametal news, VP Carlonda R. Reilly sold 13,410 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.31, for a total value of $486,917.10. Following the completion of the transaction, the vice president directly owned 38,746 shares of the company’s stock, valued at approximately $1,406,867.26. The trade was a 25.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president directly owned 1,634 shares of the company’s stock, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.43% of the company’s stock.

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.