Kennametal Inc. $KMT Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. reduced its position in shares of Kennametal Inc. (NYSE:KMT) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,295,612 shares of the industrial products company’s stock after selling 491,511 shares during the period. Deprince Race & Zollo Inc. owned about 1.70% of Kennametal worth $27,117,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in Kennametal in the second quarter valued at $27,000. Headlands Technologies LLC increased its holdings in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Kennametal by 116.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 860 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,228 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Kennametal by 293.6% in the second quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,606 shares in the last quarter.

Kennametal Trading Up 0.1%

NYSE KMT opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 2.60. The firm has a market cap of $2.23 billion, a PE ratio of 24.01, a P/E/G ratio of 3.91 and a beta of 1.48. Kennametal Inc. has a one year low of $17.30 and a one year high of $29.89. The firm’s fifty day moving average is $26.51 and its two-hundred day moving average is $23.79.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.10. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’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. Analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is 65.57%.

Analysts Set New Price Targets

KMT has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Barclays increased their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.60.

About Kennametal

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.