Key Points
- Kennametal VP Carlonda Reilly sold 12,013 shares on June 2 at an average price of $33.12, totaling about $397,871. After the sale, she still owned 25,143 shares, reducing her stake by 32.33%.
- The company recently reported stronger-than-expected quarterly results, with EPS of $0.77 versus $0.68 expected and revenue of $592.59 million versus $568.03 million estimated. Revenue rose 21.8% year over year, and Kennametal also maintained FY2026 EPS guidance of $3.75 to $4.00.
- Wall Street remains cautious on KMT, with a consensus analyst rating of “Reduce” and a consensus price target of $35.93. The stock opened at $32.67, below its 50-day moving average of $36.85.
Kennametal Inc. (NYSE:KMT - Get Free Report) VP Carlonda Reilly sold 12,013 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the transaction, the vice president owned 25,143 shares in the company, valued at $832,736.16. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kennametal Price Performance
Shares of NYSE:KMT opened at $32.67 on Thursday. The company's fifty day moving average price is $36.85 and its 200-day moving average price is $34.55. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.21 and a beta of 1.37. Kennametal Inc. has a one year low of $17.62 and a one year high of $43.81. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.09. The firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities research analysts anticipate that Kennametal Inc. will post 2.99 earnings per share for the current fiscal year.
Kennametal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Kennametal's dividend payout ratio is 45.20%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on KMT. Jefferies Financial Group lowered Kennametal from a "buy" rating to a "hold" rating and set a $47.50 price objective on the stock. in a research report on Thursday, May 7th. UBS Group increased their target price on shares of Kennametal from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Barclays lowered shares of Kennametal from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. The Goldman Sachs Group set a $32.00 target price on shares of Kennametal in a report on Friday, February 6th. Finally, Zacks Research lowered shares of Kennametal from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Kennametal currently has a consensus rating of "Reduce" and a consensus target price of $35.93.
Check Out Our Latest Report on Kennametal
Hedge Funds Weigh In On Kennametal
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cozad Asset Management Inc. bought a new position in Kennametal during the 1st quarter worth approximately $1,228,000. Segall Bryant & Hamill LLC bought a new stake in Kennametal in the 1st quarter worth $5,109,000. Bank of America Corp DE grew its holdings in Kennametal by 52.7% in the 1st quarter. Bank of America Corp DE now owns 805,554 shares of the industrial products company's stock worth $29,105,000 after acquiring an additional 278,170 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Kennametal in the 1st quarter worth $2,958,000. Finally, Amundi grew its holdings in Kennametal by 92.6% in the 1st quarter. Amundi now owns 47,229 shares of the industrial products company's stock worth $1,706,000 after acquiring an additional 22,705 shares during the last quarter.
Kennametal Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
