Fifth Third Bancorp Purchases 25,487 Shares of Kennametal Inc. $KMT

Fifth Third Bancorp boosted its holdings in shares of Kennametal Inc. (NYSE:KMT) by 6,888.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,857 shares of the industrial products company’s stock after acquiring an additional 25,487 shares during the quarter. Fifth Third Bancorp’s holdings in Kennametal were worth $934,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KMT. Dimensional Fund Advisors LP grew its position in Kennametal by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after acquiring an additional 96,888 shares in the last quarter. State Street Corp raised its holdings in shares of Kennametal by 0.3% during the 4th quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after purchasing an additional 9,963 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Kennametal by 5.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,991,140 shares of the industrial products company’s stock valued at $56,568,000 after purchasing an additional 104,092 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Kennametal by 20.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock valued at $32,366,000 after purchasing an additional 265,664 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Kennametal by 3.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock valued at $38,167,000 after purchasing an additional 47,839 shares during the last quarter.

Insider Activity at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the transaction, the vice president directly owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 in the last 90 days. 1.43% of the stock is owned by company insiders.

Analyst Ratings Changes

KMT has been the topic of several analyst reports. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Morgan Stanley reduced their price target on Kennametal from $36.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, July 17th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Finally, Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $35.79.

Kennametal Stock Performance

NYSE:KMT opened at $35.23 on Monday. The firm has a market capitalization of $2.68 billion, a PE ratio of 19.90, a PEG ratio of 0.61 and a beta of 1.36. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a 1 year low of $17.62 and a 1 year high of $43.81. The firm’s fifty day simple moving average is $34.52 and its 200 day simple moving average is $36.22.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, sell-side analysts anticipate that Kennametal Inc. will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.3%. Kennametal’s dividend payout ratio is presently 45.20%.

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.