Kennametal Inc. (NYSE:KMT) Receives $35.79 Consensus Target Price from Brokerages

Shares of Kennametal Inc. (NYSE:KMT) have been given a consensus rating of “Reduce” by the nine brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $35.7857.

Several equities analysts recently weighed in on KMT shares. DA Davidson assumed coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research note on Monday, July 13th. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research report on Thursday, May 7th.

Insider Activity

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

Institutional Trading of Kennametal

A number of large investors have recently made changes to their positions in KMT. Rockefeller Capital Management L.P. raised its holdings in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Kennametal during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new position in Kennametal in the fourth quarter worth approximately $31,000. Headlands Technologies LLC raised its stake in Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,228 shares during the period.

Kennametal Stock Performance

Shares of NYSE KMT opened at $34.87 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $34.40 and its 200-day moving average price is $36.38. Kennametal has a 52-week low of $17.62 and a 52-week high of $43.81. The company has a market cap of $2.66 billion, a PE ratio of 19.70, a PEG ratio of 0.46 and a beta of 1.36.

Kennametal (NYSE:KMT) last issued its 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 for 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 firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts anticipate that Kennametal will post 3.23 EPS for the current year.

Kennametal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

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.