Barclays Forecasts Strong Price Appreciation for Kennametal (NYSE:KMT) Stock

Kennametal (NYSE:KMT) had its price objective boosted by investment analysts at Barclays from $25.00 to $28.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would suggest a potential downside of 4.53% from the stock’s previous close.

Several other brokerages have also commented on KMT. JPMorgan Chase & Co. upped their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. UBS Group lifted their target price on Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kennametal currently has an average rating of “Hold” and a consensus price target of $25.20.

Kennametal Trading Down 0.6%

NYSE KMT traded down $0.18 during mid-day trading on Wednesday, reaching $29.33. 349,337 shares of the stock were exchanged, compared to its average volume of 767,303. The stock has a market capitalization of $2.23 billion, a PE ratio of 24.04, a PEG ratio of 3.91 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 2.60. Kennametal has a 1-year low of $17.30 and a 1-year high of $30.03. The business’s fifty day simple moving average is $27.37 and its 200 day simple moving average is $24.14.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The company had revenue of $497.97 million for the quarter, compared to analyst estimates of $477.68 million. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, research analysts anticipate that Kennametal will post 1.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KMT. Ameritas Advisory Services LLC acquired a new stake in Kennametal during the 2nd quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its stake 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 valued at $29,000 after buying an additional 1,068 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Kennametal by 116.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 860 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Kennametal by 142.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $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.