Key Points
- Kennametal VP Judith Bacchus sold 9,676 shares for approximately $293,086, reducing her direct ownership by 38.1% to 15,721 shares.
- Kennametal reported quarterly EPS of $2.96, beating estimates of $2.31, while revenue rose 42.6% year over year to $736.61 million. The company also maintained a $0.20 quarterly dividend, equating to a 2.7% yield.
- Analyst sentiment remains cautious: five analysts rate the stock Hold and four rate it Sell, producing a consensus “Reduce” rating and an average price target of $34.07.
Kennametal Inc. (NYSE:KMT - Get Free Report) VP Judith Bacchus sold 9,676 shares of Kennametal stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total value of $293,086.04. Following the sale, the vice president directly owned 15,721 shares in the company, valued at approximately $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kennametal Stock Performance
Shares of KMT opened at $29.66 on Thursday. Kennametal Inc. has a 52-week low of $20.35 and a 52-week high of $43.81. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.30 and a beta of 1.34. The business's 50 day moving average is $32.36 and its two-hundred day moving average is $35.26.
Kennametal (NYSE:KMT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.31 by $0.65. The business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business's revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts forecast that Kennametal Inc. will post 4.82 EPS for the current fiscal year.
Kennametal Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Kennametal's payout ratio is presently 18.18%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on KMT. JPMorgan Chase & Co. reduced their price target on shares of Kennametal from $40.00 to $34.00 and set an "underweight" rating on the stock in a research report on Monday, July 13th. Zacks Research lowered Kennametal from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. UBS Group cut their price objective on Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. Barclays lowered Kennametal from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Finally, Morgan Stanley lowered Kennametal from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $34.07.
Get Our Latest Research Report on KMT
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of KMT. Allworth Financial LP bought a new stake in shares of Kennametal during the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. lifted its holdings in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company's stock worth $28,000 after acquiring an additional 972 shares during the last quarter. Headlands Technologies LLC lifted its holdings in Kennametal by 80.7% in the second 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 during the last quarter. Nykredit A S acquired a new position in Kennametal in the second quarter valued at approximately $37,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Kennametal in the second quarter valued at approximately $44,000.
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.
Further Reading
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