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Shares of Kennametal (NYSE:KMT) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $50.20.

A number of research firms have recently commented on KMT. Analysts at Credit Suisse cut their price target on shares of Kennametal from $49.00 to $46.00 in a research note on Friday. Separately, analysts at BMO Capital Markets cut their price target on shares of Kennametal from $52.00 to $49.00 in a research note on Friday. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Kennametal in a research note on Friday. They now have a $48.00 price target on the stock, down previously from $50.00.

Shares of Kennametal (NYSE:KMT) traded down 0.10% during mid-day trading on Monday, hitting $42.0899. The stock had a trading volume of 112,993 shares. Kennametal has a 52 week low of $38.85 and a 52 week high of $52.37. The stock has a 50-day moving average of $45.68 and a 200-day moving average of $45.57. The company has a market cap of $3.317 billion and a P/E ratio of 21.17.

Kennametal (NYSE:KMT) last announced its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.14. The company had revenue of $772.00 million for the quarter, compared to the consensus estimate of $785.40 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts predict that Kennametal will post $3.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, August 8th.

Kennametal Inc (NYSE:KMT) is a supplier of tooling, engineered components and advanced materials consumed in production processes.

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