Kennametal (NYSE:KMT) Given New $40.00 Price Target at JPMorgan Chase & Co.

Kennametal (NYSE:KMT) had its price objective raised by JPMorgan Chase & Co. from $37.00 to $40.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the industrial products company’s stock.

KMT has been the subject of several other reports. Jefferies Financial Group lowered shares of 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. UBS Group increased their price target on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings upgraded shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Morgan Stanley raised 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, The Goldman Sachs Group set a $32.00 price objective on shares of Kennametal in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.93.

Kennametal Trading Down 12.5%

NYSE KMT traded down $5.23 during trading on Thursday, hitting $36.48. The company had a trading volume of 2,147,437 shares, compared to its average volume of 1,443,569. The company has a current ratio of 2.38, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Kennametal has a one year low of $17.62 and a one year high of $43.81. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The company’s fifty day moving average is $38.20 and its 200-day moving average is $33.11.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. Kennametal’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, sell-side analysts predict that Kennametal will post 2.43 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

Insider Transactions at Kennametal

In other news, VP John Wayne Witt sold 5,060 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the sale, the vice president owned 1,634 shares of the company’s stock, valued at $62,565.86. This trade represents a 75.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Carlonda R. Reilly sold 13,410 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.31, for a total transaction 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 SEC filing for this sale provides additional information. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Kennametal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after buying an additional 155,566 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 96,888 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock worth $88,355,000 after buying an additional 1,289,624 shares during the last quarter. State Street Corp boosted its holdings in shares of Kennametal by 0.3% in the fourth quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock worth $82,382,000 after buying an additional 9,963 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Kennametal by 5.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,991,140 shares of the industrial products company’s stock worth $56,568,000 after buying an additional 104,092 shares during the last quarter.

Kennametal News Roundup

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Q3 earnings beat — Kennametal posted a fiscal Q3 beat with sales up ~22%, margin expansion, and strength across Earthworks, Energy and Aerospace, supporting revenue and EPS upside. Kennametal Q3 Earnings Beat
• Positive Sentiment: Strong market reaction earlier this week — the stock jumped ~11% and hit a new 52?week high on the earnings beat, indicating investor appetite for the company’s execution and end?market momentum. Stock Jumped 11.1%
• Positive Sentiment: Value appeal highlighted — recent Zacks pieces point to Kennametal’s attractive value attributes (strong style scores and relative value versus peers), which can support buy?and?hold investor interest. Here’s Why Kennametal is a Strong Value Stock
• Positive Sentiment: Peer comparison favorable for value investors — analysis comparing Kennametal and Sandvik highlights valuation differentials that could attract value buyers. KMT or SDVKY: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Analyst price?target action mixed — JPMorgan raised its target from $37 to $40 but kept an “underweight” rating, a nuance that signals modest upside in PT but continued caution from that shop. JPMorgan Price Target Raised
• Neutral Sentiment: Calls and transcripts available — investors can review the full earnings call and transcripts for color on order trends, pricing, and guidance execution; these are informational and will matter for follow?through. Earnings Call Transcript
• Negative Sentiment: Jefferies downgrade — Jefferies issued a downgrade of KMT, which is a direct negative catalyst that can amplify near?term selling pressure even after strong results. Jefferies Downgrades Kennametal

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.