Kennametal (NYSE:KMT) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Kennametal (NYSE:KMT) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

KMT has been the topic of a number of other reports. Jefferies Financial Group lowered shares of 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 cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lowered their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a report on Monday. Weiss Ratings downgraded Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, DA Davidson began coverage on Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target on the stock. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $36.50.

Kennametal Trading Up 1.4%

NYSE KMT opened at $34.80 on Tuesday. The stock has a market cap of $2.65 billion, a PE ratio of 19.66, a PEG ratio of 0.22 and a beta of 1.36. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81. The company’s 50-day moving average price is $34.79 and its 200-day moving average price is $35.93. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share 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 net margin of 6.41% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities research analysts forecast that Kennametal will post 3.23 earnings per share for the current year.

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

Insider Buying and Selling

In other news, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction on 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. This trade represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The disclosure for this sale is available in the SEC filing. Insiders sold 47,000 shares of company stock valued at $1,583,326 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Kennametal

A number of institutional investors have recently added to or reduced their stakes in KMT. Rockefeller Capital Management L.P. raised its holdings in Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Kennametal in the 4th quarter worth approximately $28,000. Danske Bank A S purchased a new position in shares of Kennametal in the 4th quarter worth approximately $31,000. Headlands Technologies LLC raised its stake 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 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.