Kennametal Inc. $KMT Shares Sold by Ariel Investments LLC

Ariel Investments LLC lessened its stake in Kennametal Inc. (NYSE:KMT) by 35.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,971,198 shares of the industrial products company’s stock after selling 2,764,046 shares during the quarter. Ariel Investments LLC owned about 6.52% of Kennametal worth $114,139,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Kennametal during the 2nd quarter worth about $27,000. Nomura Asset Management Co. Ltd. lifted its position in Kennametal by 116.2% during the second 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 grew its stake in Kennametal by 93.4% during the first 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 period. GAMMA Investing LLC increased its position in shares of Kennametal by 293.6% in the second 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. Finally, First Horizon Advisors Inc. increased its position in shares of Kennametal by 179.2% in 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 in the last quarter.

Kennametal Stock Up 0.1%

KMT stock opened at $27.83 on Wednesday. The stock has a market cap of $2.12 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.71 and a beta of 1.48. The firm’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $23.13. Kennametal Inc. has a fifty-two week low of $17.30 and a fifty-two week high of $28.43. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT) last issued its quarterly earnings data 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. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The business’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, sell-side analysts predict that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on KMT shares. Barclays upped their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. UBS Group raised their target price on Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kennametal has a consensus rating of “Hold” and a consensus target price of $24.60.

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.