Segall Bryant & Hamill LLC Purchases Shares of 141,397 Kennametal Inc. $KMT

Segall Bryant & Hamill LLC acquired a new stake in Kennametal Inc. (NYSE:KMT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 141,397 shares of the industrial products company’s stock, valued at approximately $5,109,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KMT. Rockefeller Capital Management L.P. increased its stake in shares of Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after buying an additional 972 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Kennametal in the fourth quarter worth approximately $28,000. Danske Bank A S purchased a new position in Kennametal in the fourth quarter worth approximately $31,000. Headlands Technologies LLC grew its holdings in Kennametal by 80.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 682 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares in the last quarter.

Insider Buying and Selling at Kennametal

In other news, Director Sagar A. Patel sold 29,499 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the sale, the vice president directly owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 47,000 shares of company stock valued at $1,583,326. Insiders own 1.43% of the company’s stock.

Kennametal Stock Performance

Shares of Kennametal stock opened at $34.87 on Tuesday. The firm’s fifty day simple moving average is $34.40 and its 200-day simple moving average is $36.38. Kennametal Inc. has a 12 month low of $17.62 and a 12 month high of $43.81. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 0.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, topping 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 analysts’ expectations of $568.03 million. During the same period last year, the firm earned $0.47 EPS. The firm’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, equities analysts forecast that Kennametal Inc. will post 3.23 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Kennametal’s payout ratio is 45.20%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMT. Morgan Stanley reduced their price objective on shares of Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, July 17th. DA Davidson assumed coverage on shares of Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $35.79.

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.