Kennametal (NYSE:KMT) Hits New 1-Year High – Time to Buy?

Kennametal Inc. (NYSE:KMT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.97 and last traded at $41.90, with a volume of 1992399 shares traded. The stock had previously closed at $40.57.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KMT. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group set a $32.00 target price on Kennametal in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their price target on Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kennametal presently has a consensus rating of “Hold” and a consensus price target of $34.67.

Kennametal Stock Performance

The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $28.00. The stock has a market cap of $2.82 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.71 and a beta of 1.47.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The company had revenue of $529.53 million for the quarter, compared to analysts’ expectations of $514.70 million. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, sell-side analysts forecast that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, February 10th. Kennametal’s payout ratio is currently 55.94%.

Insider Buying and Selling

In other Kennametal news, VP John Wayne Witt sold 5,060 shares of the stock in a transaction dated 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 of the company’s stock, valued at $62,565.86. This represents a 75.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kennametal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Kennametal in the 4th quarter worth approximately $28,000. Danske Bank A S bought a new position in shares of Kennametal during the 4th quarter valued at approximately $31,000. Hantz Financial Services Inc. grew its holdings in shares of Kennametal by 350.2% in the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,068 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position 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 worth $37,000 after purchasing an additional 860 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.