Virtus Advisers LLC Makes New Investment in Kennametal Inc. $KMT

Virtus Advisers LLC acquired a new position in shares of Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,375 shares of the industrial products company’s stock, valued at approximately $679,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KMT. OLD National Bancorp IN increased its stake in shares of Kennametal by 3.8% during the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 377 shares during the period. Baron Wealth Management LLC boosted its stake in Kennametal by 3.8% in the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 439 shares during the period. ProShare Advisors LLC grew its holdings in Kennametal by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after buying an additional 450 shares in the last quarter. ARK Investment Management LLC grew its holdings in Kennametal by 16.6% in the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock valued at $91,000 after buying an additional 457 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Kennametal by 21.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,088 shares of the industrial products company’s stock worth $88,000 after buying an additional 551 shares during the period.

Kennametal Price Performance

Shares of NYSE KMT opened at $29.80 on Friday. The business has a fifty day moving average price of $33.95 and a two-hundred day moving average price of $36.16. The stock has a market capitalization of $2.27 billion, a PE ratio of 6.77, a P/E/G ratio of 0.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. 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 earnings per share (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 company had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. During the same period in the prior year, the firm posted $0.34 EPS. Kennametal’s quarterly revenue was up 42.6% on a year-over-year basis. 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, equities analysts predict that Kennametal Inc. will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be 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 is Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,000 shares of company stock valued at $1,583,326 in the last ninety days. 1.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KMT shares. JPMorgan Chase & Co. dropped their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a report on Monday, July 13th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. 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 research note on Monday, August 10th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a report on Thursday, May 7th. Finally, DA Davidson decreased their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $34.07.

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.