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

Shares of Kennametal Inc. (NYSE:KMT) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.6667.

Several research firms have issued reports on KMT. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays upped their price target on shares of Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. The Goldman Sachs Group set a $32.00 price objective on Kennametal in a research note on Friday, February 6th. Finally, Weiss Ratings raised Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 24th.

Kennametal Stock Down 7.2%

Shares of KMT opened at $37.15 on Wednesday. The firm has a market cap of $2.83 billion, a P/E ratio of 25.98, a PEG ratio of 0.68 and a beta of 1.47. Kennametal has a 12 month low of $17.30 and a 12 month high of $42.03. The stock’s 50 day moving average is $35.73 and its two-hundred day moving average is $28.12. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

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

Kennametal Announces Dividend

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

Insider Transactions at Kennametal

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction on 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. The trade was a 75.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kennametal

Several hedge funds and other institutional investors have recently modified their holdings of KMT. DGS Capital Management LLC purchased a new stake in Kennametal during the 4th quarter valued at about $236,000. Dean Capital Management boosted its holdings in shares of Kennametal by 40.4% during the 4th quarter. Dean Capital Management now owns 75,093 shares of the industrial products company’s stock worth $2,133,000 after purchasing an additional 21,609 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Kennametal in the fourth quarter valued at approximately $217,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $259,000. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Kennametal by 34.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 45,745 shares of the industrial products company’s stock valued at $1,300,000 after purchasing an additional 11,805 shares during the last quarter.

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.