Brokerages Set Kennametal Inc. (NYSE:KMT) PT at $37.36

Shares of Kennametal Inc. (NYSE:KMT) have been given a consensus recommendation of “Reduce” by the nine brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.50.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Barclays downgraded Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. DA Davidson assumed coverage on shares of Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price target on the stock. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th.

Kennametal Stock Performance

NYSE:KMT opened at $33.68 on Tuesday. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The firm has a market capitalization of $2.57 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 0.21 and a beta of 1.36. The business’s fifty day moving average price is $35.02 and its 200 day moving average price is $35.86.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. The company had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, sell-side analysts anticipate that Kennametal will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is 45.20%.

Insider Buying and Selling

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares in the company, valued at approximately $832,736.16. The trade was a 32.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 47,000 shares of company stock worth $1,583,326 in the last ninety days. 1.43% of the stock is owned by corporate insiders.

Institutional Trading of Kennametal

Several institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management acquired a new position in Kennametal during the fourth quarter worth approximately $2,290,000. Medina Value Partners LLC boosted its holdings in shares of Kennametal by 72.7% in the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after acquiring an additional 407,487 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $1,911,000. UBS Group AG boosted its holdings in shares of Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after acquiring an additional 352,726 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Kennametal by 3,273.8% during the fourth quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock worth $7,792,000 after acquiring an additional 266,131 shares during 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.