Key Points
- Kennametal director Sagar Patel sold 29,499 shares on June 8 at an average price of $33.50, totaling about $988,216.50, according to an SEC filing.
- The company recently reported stronger-than-expected quarterly results, earning $0.77 per share on revenue of $592.59 million and raising FY2026 EPS guidance to $3.75-$4.00.
- Analyst sentiment remains cautious, with several firms cutting ratings and the overall consensus from MarketBeat standing at “Reduce” with an average price target of $35.93.
Kennametal Inc. (NYSE:KMT - Get Free Report) Director Sagar 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 value of $988,216.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Kennametal Stock Performance
KMT opened at $34.09 on Wednesday. The stock has a market cap of $2.60 billion, a PE ratio of 19.26, a P/E/G ratio of 0.21 and a beta of 1.37. 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 Inc. has a 1 year low of $17.62 and a 1 year high of $43.81. The stock's 50 day simple moving average is $36.62 and its 200-day simple moving average is $34.75.
Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share 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 firm had revenue of $592.59 million for the quarter, compared to analysts' expectations of $568.03 million. During the same period in the prior year, the business posted $0.47 earnings per share. The business's revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Sell-side analysts forecast that Kennametal Inc. will post 2.99 EPS for the current year.
Kennametal Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, May 12th. Kennametal's dividend payout ratio is 45.20%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on KMT. Jefferies Financial Group cut Kennametal from a "buy" rating to a "hold" rating and set a $47.50 price target on the stock. in a research report on Thursday, May 7th. Weiss Ratings cut Kennametal from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, May 20th. Zacks Research cut Kennametal from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Barclays cut Kennametal from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Finally, Morgan Stanley upped their price target on Kennametal from $29.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 10th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $35.93.
Check Out Our Latest Report on Kennametal
Hedge Funds Weigh In On Kennametal
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cozad Asset Management Inc. acquired a new position in Kennametal in the first quarter worth $1,228,000. Segall Bryant & Hamill LLC acquired a new position in Kennametal in the first quarter worth $5,109,000. Bank of America Corp DE boosted its stake in Kennametal by 52.7% in the first quarter. Bank of America Corp DE now owns 805,554 shares of the industrial products company's stock worth $29,105,000 after purchasing an additional 278,170 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Kennametal in the first quarter worth $2,958,000. Finally, Amundi boosted its stake in Kennametal by 92.6% in the first quarter. Amundi now owns 47,229 shares of the industrial products company's stock worth $1,706,000 after purchasing an additional 22,705 shares in the last quarter.
About Kennametal
(
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.
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