Should I buy or sell Kennametal stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" KMT shares. View KMT analyst ratings or view top-rated stocks .

What is Kennametal's stock price target for 2024?

4 Wall Street research analysts have issued 12-month target prices for Kennametal's shares. Their KMT share price targets range from $23.00 to $27.50. On average, they anticipate the company's stock price to reach $24.58 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View analysts price targets for KMT or view top-rated stocks among Wall Street analysts .

How have KMT shares performed in 2024?

Kennametal's stock was trading at $25.79 at the start of the year. Since then, KMT stock has decreased by 6.5% and is now trading at $24.11. View the best growth stocks for 2024 here .

When is Kennametal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our KMT earnings forecast .

How can I listen to Kennametal's earnings call?

Kennametal will be holding an earnings conference call on Wednesday, May 8th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) issued its quarterly earnings data on Wednesday, February, 7th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The industrial products company had revenue of $495.30 million for the quarter, compared to analyst estimates of $498.99 million. Kennametal had a net margin of 5.86% and a trailing twelve-month return on equity of 9.94%. Kennametal's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.

How often does Kennametal pay dividends? What is the dividend yield for Kennametal?

Kennametal declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.20 per share on Tuesday, February 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, February 12th. Read our dividend analysis for KMT .

Is Kennametal a good dividend stock?

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.36%. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 45.45% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for KMT .

What ETFs hold Kennametal's stock?

ETFs with the largest weight of Kennametal (NYSE:KMT) stock in their portfolio include Schwab Ariel ESG ETF (SAEF) , Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) , Invesco S&P SmallCap Industrials ETF (PSCI) , WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and SPDR S&P 600 Small Cap ETF (SLY) . 3D Printing ETF (PRNT) .

How will Kennametal's stock buyback program work?

Kennametal announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 7th 2024, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

What guidance has Kennametal issued on next quarter's earnings?

Kennametal updated its third quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 0.250-0.350 for the period, compared to the consensus estimate of 0.480. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $535.0 million.

What is Christopher Rossi's approval rating as Kennametal's CEO?

15 employees have rated Kennametal Chief Executive Officer Christopher Rossi on Glassdoor.com . Christopher Rossi has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include Intel (INTC) , QUALCOMM (QCOM) , AT&T (T) , Ford Motor (F) , Phillips 66 (PSX) , Alcoa (AA) , AbbVie (ABBV) , Broadcom (AVGO) , Bank of America (BAC) and Commercial Metals (CMC) .

Who are Kennametal's major shareholders?

Kennametal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (0.02%). Insiders that own company stock include John Wayne Witt, Joseph Alvarado, William J Harvey and William M Lambert. View institutional ownership trends .

How do I buy shares of Kennametal?

Shares of KMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

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$24.11

+0.28 (+1.17%)

(As of 04/18/2024 ET)

Compare

Today's Range: $23.69
▼
$24.18
50-Day Range: $23.41
▼
$25.54
52-Week Range: $22.08
▼
$30.60

Volume: 951,733 shs
Average Volume: 455,315 shs
Market Capitalization: $1.91 billion

P/E Ratio: 16.07
Dividend Yield: 3.32%
Price Target: $24.58

Get Kennametal alerts:

Kennametal MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.50 Rating Score
Upside/Downside: 2.0% Upside
$24.58 Price Target
Short Interest: Bearish
5.90% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 3 Articles This Week
Insider Trading: Selling Shares
$25,550 Sold Last Quarter
Proj. Earnings Growth: 18.12%
From $1.49 to $1.76 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.12 out of 5 stars

Industrial Products Sector

151st out of 169 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

0.8

Analyst's Opinion

Consensus Rating
Kennametal has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Kennametal has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.90% of the float of Kennametal has been sold short.
Short Interest Ratio / Days to Cover
Kennametal has a short interest ratio ("days to cover") of 7.2.
Change versus previous month
Short interest in Kennametal has recently increased by 3.47%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Kennametal pays a meaningful dividend of 3.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Kennametal does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kennametal is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Kennametal will have a dividend payout ratio of 45.45% next year. This indicates that Kennametal will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KMT.

2.6

News and Social Media Coverage

News Sentiment
Kennametal has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Kennametal this week, compared to 4 articles on an average week.
MarketBeat Follows
6 people have added Kennametal to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kennametal insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $25,550.00 in company stock.
Percentage Held by Insiders
Only 1.61% of the stock of Kennametal is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Kennametal are expected to grow by 18.12% in the coming year, from $1.49 to $1.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kennametal is 16.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kennametal is 16.07, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.78.
Price to Earnings Growth Ratio
Kennametal has a PEG Ratio of 3.20. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Kennametal has a P/B Ratio of 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Kennametal Stock (NYSE:KMT)

Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure. It offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. In addition, the company provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. Further, it produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. The company provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national distributors; integrated supplier channels; and through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.

KMT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

KMT Stock News Headlines

April 17, 2024 | finance.yahoo.com

Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 Results

April 16, 2024 | americanbankingnews.com

Kennametal (NYSE:KMT) Stock Price Passes Below Fifty Day Moving Average of $24.46

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

April 15, 2024 | finance.yahoo.com

What Makes Kennametal (KMT) an Investment Opportunity?

April 4, 2024 | finance.yahoo.com

Is Kennametal Inc.'s (NYSE:KMT) Stock On A Downtrend As A Result Of Its Poor Financials?

April 2, 2024 | markets.businessinsider.com

What 4 Analyst Ratings Have To Say About Kennametal

March 18, 2024 | finance.yahoo.com

Is There An Opportunity With Kennametal Inc.'s (NYSE:KMT) 28% Undervaluation?

March 16, 2024 | finance.yahoo.com

KMT Oct 2024 25.000 call

April 19, 2024 | Altimetry (Ad)

I’m officially sounding the alarm.

March 16, 2024 | ca.finance.yahoo.com

KMT Apr 2024 30.000 call

March 15, 2024 | marketwatch.com

Kennametal Names Sanjay Chowbey As Next CEO

March 15, 2024 | markets.businessinsider.com

Kennametal : Sanjay Chowbey To Succeed Christopher Rossi As President & CEO

March 14, 2024 | bizjournals.com

Kennametal names Sanjay Chowbey as new president & CEO

March 14, 2024 | msn.com

Kennametal chooses Chowbey as new President/CEO, as Rossi set to retire

March 14, 2024 | finance.yahoo.com

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

March 8, 2024 | finance.yahoo.com

Kennametal Celebrates Leaders Recognized as 2024 Women MAKE Award Winners

March 5, 2024 | finance.yahoo.com

Kennametal Announces Strategic Partnership with CAM Software Leader ModuleWorks for Intelligent Manufacturing Solutions

February 28, 2024 | wsj.com

Kennametal Inc.

February 21, 2024 | prnewswire.com

Kennametal to Attend J.P. Morgan Industrials Conference

February 20, 2024 | benzinga.com

Mueller Water Products Demonstrates Strong Performance and Increased Profits, Maximizing Returns for Shareholders

February 13, 2024 | markets.businessinsider.com

Loop Capital Markets Keeps Their Hold Rating on Kennametal (KMT)

February 10, 2024 | finance.yahoo.com

Kennametal Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

February 8, 2024 | finance.yahoo.com

Kennametal (KMT) Q2 Earnings Top Estimates, Revenues Down Y/Y

February 8, 2024 | finance.yahoo.com

Kennametal Innovation Recognized as Edison Award Finalist

February 8, 2024 | msn.com

Kennametal Inc. Authorizes $200 Million Stock Buyback Plan

February 8, 2024 | finance.yahoo.com

Kennametal (NYSE:KMT) Is Paying Out A Dividend Of $0.20

February 7, 2024 | bizjournals.com

Kennametal adds $200M to share repurchase program

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Ex-Dividend for 2/27 Dividend: 2/12/2024
Dividend Payable: 2/27/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Machine tools, metal cutting type
Sub-Industry: Industrial Machinery
Current Symbol: NYSE:KMT
CUSIP: 48917010
CIK: 55242
Web: www.kennametal.com
Phone: (412) 248-8000
Fax: 724-539-5750
Employees: 8,739
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.58
High Stock Price Target: $27.50
Low Stock Price Target: $23.00
Potential Upside/Downside: +2.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.50
Trailing P/E Ratio: 16.07
Forward P/E Ratio: 16.18
P/E Growth: 3.19
Net Income: $118.46 million
Net Margins: 5.86%
Pretax Margin: 7.31%
Return on Equity: 9.94%
Return on Assets: 5.12%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 2.44
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $2.08 billion
Price / Sales: 0.92
Cash Flow: $3.26 per share
Price / Cash Flow: 7.40
Book Value: $16.37 per share
Price / Book: 1.47

Miscellaneous

Outstanding Shares: 79,270,000
Free Float: 77,994,000
Market Cap: $1.91 billion
Optionable: Optionable
Beta: 1.78

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Key Executives

Mr. Christopher Rossi (Age 60)
President, CEO & Director
Comp: $2.31M
Mr. Patrick S. Watson (Age 51)
VP of Finance & CFO
Comp: $680.63k
Ms. Michelle Ruth Keating (Age 48)
VP, Secretary & General Counsel
Comp: $677.77k
Mr. Franklin Cardenas (Age 56)
VP & President of Infrastructure Business Segment
Comp: $836.07k
Mr. Sanjay K. Chowbey (Age 55)
VP & President of Metal Cutting Business Segment
Comp: $909.37k
Dr. Carlonda R. Reilly Ph.D. (Age 56)
VP & CTO
Ms. Judith L. Bacchus (Age 62)
VP & Chief Administrative Officer
Comp: $654.06k
Mr. Michael Pici
Vice President of Investor Relations
Lori Lecker
Vice President of Corporate Relations & Communications
Mr. John Wayne Witt (Age 45)
VP of Finance & Corporate Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Kennametal stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" KMT shares.
View KMT analyst ratings or view top-rated stocks.
What is Kennametal's stock price target for 2024?: 4 Wall Street research analysts have issued 12-month target prices for Kennametal's shares. Their KMT share price targets range from $23.00 to $27.50. On average, they anticipate the company's stock price to reach $24.58 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for KMT or view top-rated stocks among Wall Street analysts.
How have KMT shares performed in 2024?: Kennametal's stock was trading at $25.79 at the start of the year. Since then, KMT stock has decreased by 6.5% and is now trading at $24.11.
View the best growth stocks for 2024 here.
When is Kennametal's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KMT earnings forecast.
How can I listen to Kennametal's earnings call?: Kennametal will be holding an earnings conference call on Wednesday, May 8th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Kennametal's earnings last quarter?: Kennametal Inc. (NYSE:KMT) issued its quarterly earnings data on Wednesday, February, 7th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The industrial products company had revenue of $495.30 million for the quarter, compared to analyst estimates of $498.99 million. Kennametal had a net margin of 5.86% and a trailing twelve-month return on equity of 9.94%. Kennametal's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.
How often does Kennametal pay dividends? What is the dividend yield for Kennametal?: Kennametal declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.20 per share on Tuesday, February 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, February 12th.
Read our dividend analysis for KMT.
Is Kennametal a good dividend stock?: Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.36%. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 45.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

What ETFs hold Kennametal's stock?: ETFs with the largest weight of Kennametal (NYSE:KMT) stock in their portfolio include Schwab Ariel ESG ETF (SAEF), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco S&P SmallCap Industrials ETF (PSCI), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and SPDR S&P 600 Small Cap ETF (SLY).3D Printing ETF (PRNT).
How will Kennametal's stock buyback program work?: Kennametal announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 7th 2024, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.
What guidance has Kennametal issued on next quarter's earnings?: Kennametal updated its third quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 0.250-0.350 for the period, compared to the consensus estimate of 0.480. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $535.0 million.
What is Christopher Rossi's approval rating as Kennametal's CEO?: 15 employees have rated Kennametal Chief Executive Officer Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among the company's employees.
What other stocks do shareholders of Kennametal own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include Intel (INTC), QUALCOMM (QCOM), AT&T (T), Ford Motor (F), Phillips 66 (PSX), Alcoa (AA), AbbVie (ABBV), Broadcom (AVGO), Bank of America (BAC) and Commercial Metals (CMC).
Who are Kennametal's major shareholders?: Kennametal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include International Assets Investment Management LLC (0.02%). Insiders that own company stock include John Wayne Witt, Joseph Alvarado, William J Harvey and William M Lambert.
View institutional ownership trends.
How do I buy shares of Kennametal?: Shares of KMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KMT) was last updated on 4/19/2024 by MarketBeat.com Staff

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Kennametal (KMT) Stock Price, News & Analysis

Kennametal MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Kennametal Stock (NYSE:KMT)

KMT Stock Price History

KMT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

KMT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™