Kennametal Inc. (NYSE:KMT) Stock Now Rated “Reduce” by Wall Street Analysts

Kennametal Inc. (NYSE:KMT) has earned an average rating of “Reduce” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.07.

A number of equities research analysts have recently commented on KMT shares. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a research report on Monday, August 17th. Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $31.00 to $27.00 in a research note on Monday, August 10th. JPMorgan Chase & Co. dropped their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. Finally, DA Davidson cut their price target on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th.

Insider Buying and Selling at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 9,676 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total transaction of $293,086.04. Following the completion of the transaction, the vice president owned 15,721 shares in the company, valued at approximately $476,189.09. This represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Chowbey purchased 7,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $29.10 per share, for a total transaction 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. This trade represents a 2.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KMT. WINTON GROUP Ltd lifted its stake in Kennametal by 170.1% in the 2nd quarter. WINTON GROUP Ltd now owns 58,366 shares of the industrial products company’s stock valued at $2,046,000 after acquiring an additional 36,757 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of Kennametal by 166.2% during the 2nd quarter. Engineers Gate Manager LP now owns 121,709 shares of the industrial products company’s stock worth $4,266,000 after acquiring an additional 75,990 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Kennametal in the second quarter valued at approximately $44,000. Squarepoint Ops LLC acquired a new stake in shares of Kennametal in the second quarter valued at approximately $589,000. Finally, Nykredit A S acquired a new stake in shares of Kennametal in the second quarter valued at approximately $37,000.

Kennametal Price Performance

KMT opened at $31.00 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. Kennametal has a 12 month low of $20.38 and a 12 month high of $43.81. The company has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $34.44. The stock has a market cap of $2.37 billion, a P/E ratio of 7.05, a P/E/G ratio of 0.30 and a beta of 1.34.

Kennametal (NYSE:KMT) last issued its quarterly earnings data 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. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue was up 42.6% compared to the same quarter last year. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, research analysts expect that Kennametal will post 4.92 EPS for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

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.