Analysts Set Kennametal Inc. (NYSE:KMT) Price Target at $34.67

Shares of Kennametal Inc. (NYSE:KMT) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $34.6667.

A number of research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 14th. Morgan Stanley upped their price objective on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. UBS Group increased their price objective on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Barclays raised their target price on Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th.

Kennametal Trading Up 3.8%

NYSE KMT opened at $36.11 on Friday. The business’s fifty day moving average is $37.71 and its 200-day moving average is $30.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.59 and a beta of 1.47. Kennametal has a one year low of $17.30 and a one year high of $42.03.

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

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.2%. Kennametal’s dividend payout ratio (DPR) is 55.94%.

Insider Transactions at Kennametal

In related news, 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 sale, the vice president directly owned 38,746 shares in the company, valued at approximately $1,406,867.26. The trade was a 25.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John Wayne Witt sold 5,060 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the transaction, the vice president owned 1,634 shares of the company’s stock, valued at $62,565.86. This represents a 75.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its holdings 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. raised its stake in shares of Kennametal by 44.0% during the 3rd quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after purchasing an additional 1,289,624 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Kennametal by 63.2% during 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 in the last quarter. Medina Value Partners LLC lifted its holdings in Kennametal by 72.7% during the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after purchasing an additional 407,487 shares in the last quarter. Finally, Apollo Management Holdings L.P. bought a new position in Kennametal in the 2nd quarter worth about $8,794,000.

Kennametal Company 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.