Brokerages Set Kennametal Inc. (NYSE:KMT) PT at $34.67

Kennametal Inc. (NYSE:KMT) has been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.6667.

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. UBS Group raised 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. Barclays upped their price target on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group set a $32.00 price objective on Kennametal in a research report on Friday, February 6th.

Kennametal Price Performance

Kennametal stock opened at $36.00 on Friday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 25.18, a P/E/G ratio of 0.61 and a beta of 1.48. The company’s fifty day moving average price is $37.81 and its 200 day moving average price is $30.32. 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 1 year low of $17.30 and a 1 year high of $42.03.

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

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.2%. Kennametal’s dividend payout ratio is presently 55.94%.

Insider Activity

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total value of $193,747.40. Following the sale, the vice president directly owned 1,634 shares of the company’s stock, valued at approximately $62,565.86. This represents a 75.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Carlonda R. Reilly sold 13,410 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.31, for a total transaction of $486,917.10. Following the completion of the sale, the vice president owned 38,746 shares in the company, valued at $1,406,867.26. The trade was a 25.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kennametal

Institutional investors and hedge funds have recently modified their holdings of the company. OLD National Bancorp IN raised its stake in Kennametal by 3.8% in the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock valued at $291,000 after buying an additional 377 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 446 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Kennametal by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 450 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Kennametal by 16.6% in the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 457 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Kennametal by 8.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 461 shares during the last quarter.

Kennametal Company Profile

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.