The Manufacturers Life Insurance Company Makes New Investment in Kennametal Inc. $KMT

The Manufacturers Life Insurance Company bought a new stake in Kennametal Inc. (NYSE:KMT) during the second quarter, HoldingsChannel.com reports. The firm bought 35,963 shares of the industrial products company’s stock, valued at approximately $1,261,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Kennametal during the 2nd quarter worth $440,446,000. William Blair Investment Management LLC bought a new position in Kennametal in the second quarter valued at about $69,614,000. NFJ Investment Group LLC acquired a new position in Kennametal during the second quarter worth about $36,202,000. Bank of New York Mellon Corp acquired a new position in Kennametal during the second quarter worth about $33,949,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 worth $39,496,000 after acquiring an additional 505,669 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th. DA Davidson dropped their price objective on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. UBS Group cut their target price on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research note on Monday, July 13th. Finally, Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Kennametal presently has a consensus rating of “Reduce” and an average target price of $34.07.

Kennametal Stock Performance

NYSE:KMT opened at $30.88 on Friday. The stock’s 50-day moving average is $32.61 and its 200-day moving average is $35.47. Kennametal Inc. has a 1-year low of $20.35 and a 1-year high of $43.81. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.35 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. During the same quarter last year, the business earned $0.34 EPS. The firm’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. Equities research analysts anticipate that Kennametal Inc. will post 4.82 earnings per share for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 11th. Kennametal’s payout ratio is 18.18%.

Insiders Place Their Bets

In related news, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is currently owned by 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.