Kennametal (NYSE:KMT) Upgraded at Zacks Research

Kennametal (NYSE:KMT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

KMT has been the topic of a number of other reports. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research report on Thursday, May 7th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. DA Davidson initiated coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $37.36.

Kennametal Price Performance

Shares of NYSE KMT opened at $33.37 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.22 and a beta of 1.36. The firm’s 50 day simple moving average is $35.48 and its 200-day simple moving average is $35.73. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. The firm had revenue of $592.59 million during 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 business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Analysts expect that Kennametal will post 3.23 EPS for the current year.

Insider Activity

In other news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,000 shares of company stock worth $1,583,326 over the last three months. Insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Kennametal

Institutional investors have recently added to or reduced their stakes in the stock. Cozad Asset Management Inc. purchased a new stake in shares of Kennametal in the first quarter valued at about $1,228,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Kennametal in the 1st quarter valued at approximately $5,109,000. Bank of America Corp DE increased its holdings in shares of Kennametal by 52.7% during the 1st quarter. Bank of America Corp DE now owns 805,554 shares of the industrial products company’s stock worth $29,105,000 after buying an additional 278,170 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Kennametal during the 1st quarter worth approximately $2,958,000. Finally, Amundi raised its position in shares of Kennametal by 92.6% during the 1st quarter. Amundi now owns 47,229 shares of the industrial products company’s stock valued at $1,706,000 after buying an additional 22,705 shares during the period.

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.