Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Kennametal Inc. $KMT

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kennametal Inc. (NYSE:KMT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,119 shares of the industrial products company’s stock, valued at approximately $278,000.

Several other institutional investors also recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new stake in shares of Kennametal in the second quarter valued at approximately $27,000. US Bancorp DE grew its stake in Kennametal by 93.4% in the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,036 shares during the period. GAMMA Investing LLC increased its holdings in Kennametal by 293.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,606 shares in the last quarter. First Horizon Advisors Inc. raised its position in Kennametal by 179.2% during the second quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,717 shares during the period. Finally, Bayforest Capital Ltd acquired a new position in Kennametal during the first quarter worth $64,000.

Kennametal Price Performance

NYSE:KMT opened at $25.50 on Friday. Kennametal Inc. has a one year low of $17.30 and a one year high of $29.84. The stock has a market cap of $1.94 billion, a PE ratio of 21.25, a P/E/G ratio of 3.83 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.46. The stock has a 50 day moving average price of $22.81 and a 200 day moving average price of $22.52.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The company had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. During the same period in the prior year, the business earned $0.29 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Equities research analysts expect that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Analyst Ratings Changes

A number of analysts have recently commented on KMT shares. Barclays boosted their target price on shares of Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. UBS Group boosted their price objective on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.83.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.