Kennametal (KMT) News Today

Bank of New York Mellon Corp raised its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,270,285 shares of the industrial products company's stock after acquiri

Kennametal Inc. (NYSE:KMT - Get Free Report) has earned an average recommendation of "Reduce" from the five brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on

Legato Capital Management LLC acquired a new position in Kennametal Inc. (NYSE:KMT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,212 shares of the industrial products company's st

Azarias Capital Management L.P. boosted its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 34.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 259,399 shares of the industrial products company's stock after acquiring an additional 67,139 share

StockNews.com upgraded shares of Kennametal from a "hold" rating to a "buy" rating in a report on Tuesday.

Kennametal (NYSE:KMT - Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The business had revenue of $543.31 million during the quarter, compared to the consensus estimate of $532.72 million. Kennametal had a net margin of 5.29% and a return on equity of 9.35%. The business's revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS.

Barclays raised their target price on shares of Kennametal from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday.

Kennametal (NYSE:KMT) updated its FY 2025 earnings guidance. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus estimate of 1.560. The company also issued revenue guidance of $2.0 billionillion-$2.1 billionillion, compared to the consensus estimate of $2.1 billionillion.

Kennametal Inc. (NYSE:KMT) announced a quarterly dividend on Tuesday, August 6th. Stockholders of record on Tuesday, August 13th will be given a dividend of 0.20 per share by the industrial products company on Tuesday, August 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, August 13th.

Kennametal Inc. (NYSE:KMT - Get Free Report) has earned a consensus recommendation of "Reduce" from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation t

Kennametal (NYSE:KMT) will be releasing earnings before the market opens on Wednesday, August 7, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=609857)

Vanguard Group Inc. reduced its stake in Kennametal Inc. (NYSE:KMT - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,241,203 shares of the industrial products company's stock after selling 75,119 shares during the quarter. V

State Board of Administration of Florida Retirement System decreased its stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 69.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor own

UniSuper Management Pty Ltd bought a new stake in Kennametal Inc. (NYSE:KMT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,409 shares of the industrial products company's stock, valued at approximately $

BNP Paribas Financial Markets increased its position in Kennametal Inc. (NYSE:KMT - Free Report) by 85.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 87,340 shares of the industrial products company's stock after purchasing an additional 40,193 shares

StockNews.com cut shares of Kennametal from a "buy" rating to a "hold" rating in a research note on Friday.

Barclays dropped their price target on Kennametal from $25.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday.

Azarias Capital Management L.P. acquired a new stake in shares of Kennametal Inc. (NYSE:KMT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 192,260 shares of the industrial products company's stock, valued at approximately $4,795,000.

Vanguard Group Inc. decreased its holdings in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,316,322 shares of the industrial products c

StockNews.com lowered shares of Kennametal from a "buy" rating to a "hold" rating in a report on Monday.

Loop Capital decreased their target price on Kennametal from $24.00 to $22.00 and set a "hold" rating for the company in a research report on Friday.

Wellington Management Group LLP increased its holdings in shares of Kennametal Inc. (NYSE:KMT - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,240,814 shares of the industrial products company's s

Fisher Asset Management LLC trimmed its holdings in Kennametal Inc. (NYSE:KMT - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,040,977 shares of the industrial produc

Kennametal Inc. (NYSE:KMT - Get Free Report) CEO Sanjay Chowbey purchased 5,000 shares of the stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $24.28 per share, for a total transaction of $121,400.00. Following the transaction, the chief executive officer now directly owns 49,270 shares in the company, valued at $1,196,275.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.