Zacks Research Downgrades Kennametal (NYSE:KMT) to Hold

Kennametal (NYSE:KMT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on KMT. UBS Group increased their target price on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. The Goldman Sachs Group set a $32.00 target price on shares of Kennametal in a research report on Friday, February 6th. Barclays increased their target price on shares of Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their target price on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $36.93.

Kennametal Price Performance

KMT opened at $35.88 on Monday. The stock has a fifty day moving average of $37.97 and a 200-day moving average of $33.39. The firm has a market capitalization of $2.73 billion, a P/E ratio of 20.27, a PEG ratio of 0.28 and a beta of 1.44. Kennametal has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities analysts forecast that Kennametal will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the 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 transaction, the vice president owned 38,746 shares in the company, valued at $1,406,867.26. This represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John Wayne Witt sold 5,060 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the transaction, the vice president owned 1,634 shares in the company, valued at $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.43% of the company’s stock.

Institutional Trading of Kennametal

Hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Kennametal in the 4th quarter valued at $28,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Kennametal by 350.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,068 shares during the period. Danske Bank A S bought a new position in shares of Kennametal during the 4th quarter worth about $31,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Kennametal by 80.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 682 shares during the period.

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.