Kennametal Inc. $KMT Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in shares of Kennametal Inc. (NYSE:KMT) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,020 shares of the industrial products company’s stock after selling 29,332 shares during the quarter. New York State Common Retirement Fund owned 0.15% of Kennametal worth $2,345,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in Kennametal during the second quarter worth about $27,000. Headlands Technologies LLC boosted its holdings in 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 purchasing an additional 682 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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 purchasing an additional 860 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,228 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Kennametal by 179.2% in 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 period.

Kennametal Price Performance

Kennametal stock opened at $40.29 on Monday. The firm has a market capitalization of $3.07 billion, a PE ratio of 28.18, a P/E/G ratio of 0.68 and a beta of 1.50. Kennametal Inc. has a 52 week low of $17.30 and a 52 week high of $40.90. The firm’s 50-day simple moving average is $31.25 and its 200 day simple moving average is $25.80. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $529.53 million during the quarter, compared to analysts’ expectations of $514.70 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities research analysts predict that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, February 10th. Kennametal’s dividend payout ratio is 55.94%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMT. UBS Group lifted their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research note on Thursday, January 22nd. Barclays raised their price objective on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.50.

Kennametal Profile

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.