Kennametal Inc. $KMT Position Reduced by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its stake in Kennametal Inc. (NYSE:KMT) by 12.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 31,109 shares of the industrial products company’s stock after selling 4,350 shares during the period. Ensign Peak Advisors Inc’s holdings in Kennametal were worth $714,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Kennametal during the second quarter worth $27,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after buying an additional 860 shares during the last quarter. US Bancorp DE lifted its position in shares of Kennametal by 93.4% in the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock worth $46,000 after buying an additional 1,036 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kennametal by 293.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after buying an additional 1,606 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Kennametal by 179.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock valued at $61,000 after buying an additional 1,717 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KMT shares. Barclays raised their price target on Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group upped their price target on shares of Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kennametal has an average rating of “Hold” and a consensus price target of $25.83.

Kennametal Stock Up 0.1%

NYSE KMT opened at $27.68 on Monday. The company has a market capitalization of $2.11 billion, a P/E ratio of 23.07, a PEG ratio of 3.83 and a beta of 1.50. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $29.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.46 and a quick ratio of 1.19. The company’s 50 day simple moving average is $23.60 and its 200 day simple moving average is $22.82.

Kennametal (NYSE:KMT) last posted its quarterly 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. The company had revenue of $497.97 million for the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Equities research analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, November 10th. Kennametal’s payout ratio is presently 65.57%.

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.