Kennametal Inc. (NYSE:KMT) Short Interest Update

Kennametal Inc. (NYSE:KMT) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,411,279 shares, an increase of 21.3% from the February 12th total of 2,811,786 shares. Based on an average daily trading volume, of 1,441,685 shares, the days-to-cover ratio is currently 2.4 days. Currently, 4.5% of the company’s shares are sold short. Currently, 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,441,685 shares, the days-to-cover ratio is currently 2.4 days.

Kennametal Trading Down 0.9%

NYSE KMT opened at $37.46 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 has a 1-year low of $17.30 and a 1-year high of $42.03. The firm’s fifty day simple moving average is $37.06 and its 200-day simple moving average is $29.05. The company has a market capitalization of $2.85 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 0.65 and a beta of 1.47.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The firm had revenue of $529.53 million during the quarter, compared to analysts’ expectations of $514.70 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. As a group, sell-side analysts anticipate that Kennametal will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Kennametal’s payout ratio is presently 55.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KMT shares. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th. Barclays upped their price target on Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, February 9th. UBS Group increased their price objective on shares of Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Morgan Stanley lifted their price objective on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted 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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.67.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president directly owned 1,634 shares of the company’s stock, valued at $62,565.86. This trade represents a 75.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Carlonda R. Reilly sold 13,410 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at approximately $1,406,867.26. This represents a 25.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kennametal

Hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 972 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Kennametal during the 4th quarter worth $217,000. DGS Capital Management LLC bought a new position in shares of Kennametal during the 4th quarter valued at $236,000. Dean Capital Management raised its holdings in shares of Kennametal by 40.4% during the 4th quarter. Dean Capital Management now owns 75,093 shares of the industrial products company’s stock valued at $2,133,000 after purchasing an additional 21,609 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kennametal in the 4th quarter valued at $259,000.

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.