Cooper Haims Advisors LLC Lowers Stock Position in Kennametal Inc. $KMT

by · The Cerbat Gem

Cooper Haims Advisors LLC cut its holdings in shares of Kennametal Inc. (NYSE:KMT – Free Report) by 51.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,802 shares of the industrial products company’s stock after selling 180,126 shares during the period. Kennametal accounts for 1.9% of Cooper Haims Advisors LLC’s holdings, making the stock its 11th biggest holding. Cooper Haims Advisors LLC owned about 0.22% of Kennametal worth $3,899,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bridgeway Capital Management LLC purchased a new stake in Kennametal during the first quarter worth $11,801,000. M&G PLC purchased a new position in shares of Kennametal in the 2nd quarter valued at $7,764,000. Empowered Funds LLC bought a new position in shares of Kennametal in the 1st quarter worth $7,009,000. American Century Companies Inc. lifted its stake in shares of Kennametal by 9.2% during the 1st quarter. American Century Companies Inc. now owns 2,778,368 shares of the industrial products company’s stock worth $59,179,000 after purchasing an additional 234,395 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Kennametal during the 1st quarter worth $3,949,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMT shares. UBS Group lifted their target price on Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research report on Wednesday, October 8th. Barclays raised their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kennametal presently has an average rating of “Hold” and a consensus price target of $25.83.

Check Out Our Latest Research Report on KMT

Kennametal Stock Performance

Shares of Kennametal stock opened at $25.50 on Friday. The company has a 50 day moving average price of $22.81 and a 200 day moving average price of $22.52. The firm has a market capitalization of $1.94 billion, a P/E ratio of 21.25, a PEG ratio of 3.83 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 2.46 and a debt-to-equity ratio of 0.45. Kennametal Inc. has a 52 week low of $17.30 and a 52 week high of $29.84.

Kennametal (NYSE:KMT – Get Free Report) last released 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 4.73% and a return on equity of 8.09%. The company had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Kennametal’s 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. Sell-side analysts expect that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 10th. Kennametal’s dividend payout ratio is presently 65.57%.

Kennametal Profile

(Free Report)

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.

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