Kennametal Inc. (NYSE:KMT) Receives Average Rating of “Hold” from Analysts

Kennametal Inc. (NYSE:KMT) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.60.

KMT has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. UBS Group lifted their price objective on shares of Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Finally, Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th.

Kennametal Trading Down 0.1%

KMT opened at $28.47 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 2.60. The stock’s 50 day moving average price is $25.62 and its 200-day moving average price is $23.47. Kennametal has a one year low of $17.30 and a one year high of $29.89. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 3.81 and a beta of 1.48.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.Kennametal’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, equities analysts forecast that Kennametal will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, November 10th. Kennametal’s dividend payout ratio is currently 65.57%.

Institutional Trading of Kennametal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in Kennametal during the 1st quarter worth about $3,949,000. Northern Trust Corp lifted its position in shares of Kennametal by 8.4% in the 1st quarter. Northern Trust Corp now owns 1,077,284 shares of the industrial products company’s stock worth $22,946,000 after purchasing an additional 83,568 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Kennametal in the 1st quarter worth approximately $517,000. AlphaQuest LLC bought a new position in shares of Kennametal during the first quarter valued at approximately $156,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Kennametal by 6.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 293,630 shares of the industrial products company’s stock valued at $6,254,000 after buying an additional 18,620 shares during the period.

About Kennametal

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.