Kennametal Inc. (NYSE:KMT) Receives $34.07 Consensus Price Target from Brokerages

Kennametal Inc. (NYSE:KMT) has been given an average rating of “Reduce” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $34.0714.

A number of research analysts have recently commented on KMT shares. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. decreased their target price on Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a research report on Monday, July 13th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. UBS Group cut their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Morgan Stanley downgraded Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Monday, August 10th.

Kennametal Trading Down 2.3%

Shares of KMT stock opened at $29.52 on Wednesday. The firm has a market capitalization of $2.25 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of 0.30 and a beta of 1.36. Kennametal has a 1 year low of $20.35 and a 1 year high of $43.81. The firm’s fifty day simple moving average is $33.19 and its 200 day simple moving average is $35.84. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. The firm had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business’s revenue was up 42.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. As a group, sell-side analysts predict that Kennametal will post 4.82 EPS for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Kennametal’s payout ratio is currently 18.18%.

Insider Activity at Kennametal

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

Hedge Funds Weigh In On Kennametal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi boosted its position in shares of Kennametal by 244.7% during the 2nd quarter. Amundi now owns 162,786 shares of the industrial products company’s stock valued at $5,706,000 after acquiring an additional 115,557 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Kennametal in the second quarter worth about $484,000. California State Teachers Retirement System raised its position in Kennametal by 3,301.2% in the second quarter. California State Teachers Retirement System now owns 2,927,832 shares of the industrial products company’s stock worth $102,621,000 after purchasing an additional 2,841,750 shares in the last quarter. Nykredit A S acquired a new position in Kennametal in the second quarter worth about $37,000. Finally, Hennessy Advisors Inc. bought a new position in Kennametal during the second quarter worth about $8,990,000.

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.