Kennametal (NYSE:KMT) Stock Rating Upgraded by Zacks Research

Kennametal (NYSE:KMT) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on KMT. Barclays boosted their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. UBS Group raised their price objective on shares of Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kennametal currently has a consensus rating of “Hold” and a consensus price target of $25.83.

Kennametal Stock Down 0.3%

NYSE KMT opened at $27.57 on Wednesday. Kennametal has a 1-year low of $17.30 and a 1-year high of $29.84. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 3.83 and a beta of 1.50. The stock’s 50 day moving average is $22.34 and its two-hundred day moving average is $22.30. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.Kennametal’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Equities analysts forecast that Kennametal will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kennametal

A number of institutional investors and hedge funds have recently made changes to their positions in KMT. Ameritas Advisory Services LLC acquired a new position in shares of Kennametal during the second quarter valued at $27,000. Hantz Financial Services Inc. increased 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 worth $29,000 after purchasing an additional 1,068 shares during the period. Headlands Technologies LLC raised its holdings in Kennametal by 80.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 682 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Kennametal by 116.2% during the 2nd 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. Finally, US Bancorp DE lifted its position in Kennametal by 93.4% during the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,036 shares during the period.

About Kennametal

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.