Kennametal Inc. (NYSE:KMT) Receives Consensus Rating of “Reduce” from Analysts

Kennametal Inc. (NYSE:KMT) has earned an average recommendation of “Reduce” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.3571.

A number of equities research analysts recently issued reports on KMT shares. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday, May 7th. Weiss Ratings cut Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. DA Davidson initiated coverage on Kennametal in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price objective on the stock. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th.

Insiders Place Their Bets

In other news, VP Judith L. Bacchus sold 5,488 shares of Kennametal stock in a transaction on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the sale, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 47,000 shares of company stock valued at $1,583,326. Company insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Kennametal

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Kennametal by 2.1% during 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 purchasing an additional 96,888 shares during the period. State Street Corp raised its position in shares of Kennametal by 0.3% in the 4th 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 period. Arrowstreet Capital Limited Partnership boosted its holdings in Kennametal by 15.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock valued at $83,039,000 after acquiring an additional 307,209 shares during the last quarter. Wellington Management Group LLP increased its stake in Kennametal by 20.7% during the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock worth $32,366,000 after acquiring an additional 265,664 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Kennametal by 3.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock valued at $38,167,000 after purchasing an additional 47,839 shares in the last quarter.

Kennametal Price Performance

Shares of Kennametal stock traded down $1.03 on Tuesday, hitting $33.19. The company’s stock had a trading volume of 29,749 shares, compared to its average volume of 1,408,169. The company has a market capitalization of $2.53 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36. Kennametal has a 52-week low of $17.62 and a 52-week high of $43.81. The firm has a fifty day moving average price of $35.59 and a 200-day moving average price of $35.70. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The company 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 firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities research analysts expect that Kennametal will post 3.23 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. Kennametal’s dividend payout ratio (DPR) is 45.20%.

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.