Kennametal Inc. $KMT Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP increased its stake in Kennametal Inc. (NYSE:KMT) by 65.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,154,119 shares of the industrial products company’s stock after acquiring an additional 3,238,093 shares during the quarter. Kennametal makes up about 1.7% of Brandes Investment Partners LP’s portfolio, making the stock its 16th biggest holding. Brandes Investment Partners LP owned 10.70% of Kennametal worth $187,219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Kennametal during the second quarter worth about $27,000. Nomura Asset Management Co. Ltd. lifted its stake in 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 valued at $37,000 after buying an additional 860 shares in the last quarter. US Bancorp DE boosted its holdings in 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 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 buying an additional 1,606 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Kennametal by 179.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock worth $61,000 after buying an additional 1,717 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group increased their price objective on Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Barclays upped their target price on shares of Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kennametal presently has a consensus rating of “Hold” and an average target price of $25.83.

Kennametal Stock Down 0.8%

Shares of NYSE KMT opened at $27.46 on Tuesday. The company has a market capitalization of $2.09 billion, a P/E ratio of 22.88, 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 current ratio of 2.46 and a quick ratio of 1.19. The company has a 50 day simple moving average of $23.73 and a 200-day simple moving average of $22.86. Kennametal Inc. has a 1 year low of $17.30 and a 1 year high of $29.15.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, equities research analysts predict that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were issued a $0.20 dividend. 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 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.