Kennametal Inc. (NYSE:KMT) Stock Has Average Price Target of $33.50 According to Analysts

Shares of Kennametal Inc. (NYSE:KMT) have earned an average rating of “Reduce” from the nine research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.50.

KMT has been the subject of several analyst reports. Zacks Research downgraded shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $34.00 to $30.00 and set an “underweight” rating on the stock in a report on Thursday, October 8th. UBS Group cut their price objective on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, DA Davidson lowered their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th.

Kennametal Price Performance

Shares of NYSE KMT opened at $30.70 on Thursday. Kennametal has a 1-year low of $21.70 and a 1-year high of $43.81. The business has a 50-day moving average of $30.55 and a 200-day moving average of $33.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.30 and a beta of 1.33.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. The business had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. 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, equities analysts anticipate that Kennametal will post 4.92 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Kennametal’s payout ratio is 18.18%.

Insider Activity

In other Kennametal news, VP Judith L. Bacchus sold 9,676 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjay Chowbey acquired 7,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $29.10 per share, for a total transaction of $203,700.00. Following the completion of the acquisition, the chief executive officer directly owned 246,839 shares in the company, valued at $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. Insiders own 1.65% of the company’s stock.

Hedge Funds Weigh In On Kennametal

A number of institutional investors have recently made changes to their positions in KMT. Baron Wealth Management LLC boosted its stake in shares of Kennametal by 3.8% during the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after buying an additional 439 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Kennametal in the second quarter worth $25,000. Cetera Investment Advisers increased its stake in shares of Kennametal by 9.4% in the first quarter. Cetera Investment Advisers now owns 8,376 shares of the industrial products company’s stock worth $303,000 after buying an additional 723 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after buying an additional 972 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Kennametal in the second quarter valued at $37,000.

About Kennametal

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components, and wear-resistant solutions. Its products are designed to help customers machine, shape, and protect materials used in demanding industrial applications.

The company’s offerings include cutting tools and tooling systems for metalworking, as well as engineered components, advanced materials, and surface technologies intended to improve durability and performance.