Fisher Asset Management LLC Decreases Position in Kennametal Inc. $KMT

Fisher Asset Management LLC trimmed its holdings in shares of Kennametal Inc. (NYSE:KMT) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,517,344 shares of the industrial products company’s stock after selling 47,600 shares during the period. Fisher Asset Management LLC owned approximately 3.31% of Kennametal worth $52,688,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KMT. Brandes Investment Partners LP grew its stake in shares of Kennametal by 65.9% in the second quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock worth $187,219,000 after acquiring an additional 3,238,093 shares during the period. American Century Companies Inc. boosted its holdings in Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock worth $88,355,000 after purchasing an additional 1,289,624 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Kennametal by 63.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock worth $31,716,000 after purchasing an additional 534,978 shares during the period. Apollo Management Holdings L.P. purchased a new stake in Kennametal during the 2nd quarter valued at $8,794,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Kennametal by 828.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 414,132 shares of the industrial products company’s stock valued at $9,509,000 after buying an additional 369,548 shares during the period.

Kennametal Stock Performance

Shares of NYSE:KMT opened at $40.54 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44. Kennametal Inc. has a 12 month low of $17.30 and a 12 month high of $41.74. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 0.70 and a beta of 1.47. The firm’s 50-day moving average is $35.11 and its 200 day moving average is $27.82.

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, beating the consensus estimate of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business had revenue of $529.53 million during the quarter, compared to analyst estimates of $514.70 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. Research analysts predict that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, February 10th. Kennametal’s payout ratio is currently 55.94%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 24th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. UBS Group lifted their price objective on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Finally, The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.67.

Insider Buying and Selling at Kennametal

In related news, VP John Wayne Witt sold 5,060 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the completion of the sale, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.43% of the company’s stock.

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.