Morgan Stanley Issues Positive Forecast for Kennametal (NYSE:KMT) Stock Price

Kennametal (NYSE:KMT) had its target price upped by Morgan Stanley from $29.00 to $36.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on KMT. UBS Group upped their target price on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $32.00 target price on shares of Kennametal in a research report on Friday. Finally, Barclays increased their price target on shares of Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.67.

Kennametal Price Performance

Shares of NYSE:KMT opened at $41.12 on Tuesday. The company has a market capitalization of $3.13 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. The company’s 50-day moving average is $31.79 and its 200 day moving average is $26.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55. Kennametal has a fifty-two week low of $17.30 and a fifty-two week high of $41.51.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The business had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities research analysts forecast that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, February 10th. Kennametal’s payout ratio is 55.94%.

Institutional Investors Weigh In On Kennametal

A number of large investors have recently added to or reduced their stakes in KMT. OLD National Bancorp IN grew its stake in shares of Kennametal by 3.8% in the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 377 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kennametal by 21.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 446 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Kennametal by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 450 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Kennametal by 8.1% in the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 461 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Kennametal by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 42,796 shares of the industrial products company’s stock valued at $1,215,000 after acquiring an additional 492 shares in the last quarter.

About Kennametal

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.