Kennametal Inc. (NYSE:KMT) Receives $34.07 Consensus Price Target from Brokerages

Kennametal Inc. (NYSE:KMT) has earned an average rating of “Reduce” from the nine brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.0714.

A number of analysts recently commented on KMT shares. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 15th. UBS Group reduced their price target on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Finally, Morgan Stanley downgraded Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Monday, August 10th.

Kennametal Trading Up 0.6%

NYSE:KMT opened at $29.64 on Friday. Kennametal has a 1 year low of $20.35 and a 1 year high of $43.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The stock has a fifty day moving average price of $31.63 and a two-hundred day moving average price of $34.58. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, sell-side analysts anticipate that Kennametal will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 2.7%. Kennametal’s dividend payout ratio is 18.18%.

Insiders Place Their Bets

In other news, VP Judith Bacchus sold 9,676 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total value of $293,086.04. Following the completion of the transaction, the vice president owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sanjay Chowbey purchased 7,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $29.10 per share, with a total value of $203,700.00. Following the purchase, the chief executive officer directly owned 246,839 shares in the company, valued at approximately $7,183,014.90. The trade was a 2.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.65% of the company’s stock.

Hedge Funds Weigh In On Kennametal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMT. BlackRock Inc. acquired a new stake in shares of Kennametal in the second quarter valued at approximately $440,446,000. Arrowstreet Capital Limited Partnership raised its position in shares of Kennametal by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after purchasing an additional 307,209 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Kennametal during the 2nd quarter worth approximately $69,614,000. Medina Value Partners LLC purchased a new stake in Kennametal in the 2nd quarter valued at approximately $43,007,296. Finally, NFJ Investment Group LLC purchased a new stake in Kennametal in the 2nd quarter valued at approximately $36,202,000.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company’s offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.