Kennametal (NYSE:KMT) Hits New 52-Week High – Time to Buy?

Kennametal Inc. (NYSE:KMT)’s share price reached a new 52-week high on Monday . The company traded as high as $35.35 and last traded at $35.20, with a volume of 156580 shares trading hands. The stock had previously closed at $34.39.

Analyst Ratings Changes

KMT has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Kennametal from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Barclays increased their price target on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Morgan Stanley raised their price objective on shares of Kennametal from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. The Goldman Sachs Group restated a “sell” rating and issued a $28.00 target price on shares of Kennametal in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.67.

Kennametal Price Performance

The company has a fifty day moving average price of $30.25 and a two-hundred day moving average price of $25.35. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 4.08 and a beta of 1.48. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45.

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

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.3%. Kennametal’s dividend payout ratio is currently 65.57%.

Institutional Investors Weigh In On Kennametal

Several large investors have recently modified their holdings of KMT. Kohmann Bosshard Financial Services LLC acquired a new position in Kennametal in the 4th quarter valued at $28,000. Danske Bank A S acquired a new position in shares of Kennametal during the fourth quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new position in Kennametal during the second quarter worth about $27,000. Hantz Financial Services Inc. lifted its position in 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 during the period. Finally, Headlands Technologies LLC lifted its position in 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 during the period.

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.