Kennametal (NYSE:KMT) Stock Price Down 3.3% – Time to Sell?

Kennametal Inc. (NYSE:KMT)’s share price was down 3.3% on Tuesday . The stock traded as low as $37.19 and last traded at $36.52. Approximately 120,710 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,584,484 shares. The stock had previously closed at $37.78.

Analysts Set New Price Targets

KMT has been the subject of several recent analyst reports. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Morgan Stanley raised their price objective on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. increased their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 24th. Finally, UBS Group upped their price objective on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. One investment 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. According to MarketBeat, Kennametal presently has an average rating of “Hold” and an average target price of $34.67.

Kennametal Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55. The company has a market cap of $2.86 billion, a PE ratio of 26.18, a PEG ratio of 0.65 and a beta of 1.47. The business’s 50-day moving average is $36.91 and its 200 day moving average is $28.94.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The business had revenue of $529.53 million during the quarter, compared to analyst estimates of $514.70 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. 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, equities research analysts predict that Kennametal Inc. will post 1.17 EPS 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, February 10th. Kennametal’s payout ratio is 55.94%.

Insider Activity at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction on Thursday, February 19th. The stock was 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 directly owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Kennametal

Large investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Kennametal during the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. increased its holdings in Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares during the period. Hantz Financial Services Inc. raised its position in 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 purchasing an additional 1,068 shares during the last quarter. Danske Bank A S bought a new position in Kennametal during the 4th quarter valued at approximately $31,000. Finally, Headlands Technologies LLC lifted its holdings in Kennametal by 80.7% in the 2nd 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 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.