Barclays Forecasts Strong Price Appreciation for Kennametal (NYSE:KMT) Stock

Kennametal (NYSE:KMT) had its price target upped by research analysts at Barclays from $25.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays‘s target price would indicate a potential downside of 6.79% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. UBS Group lifted their price objective on shares of Kennametal from $21.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.20.

Kennametal Price Performance

Shares of NYSE KMT opened at $30.04 on Wednesday. The company has a market capitalization of $2.29 billion, a PE ratio of 24.62, a P/E/G ratio of 3.90 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 has a twelve month low of $17.30 and a twelve month high of $30.12. The firm has a fifty day simple moving average of $27.65 and a 200 day simple moving average of $24.21.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The firm had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. During the same period last year, the business posted $0.29 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, sell-side analysts forecast that Kennametal will post 1.17 EPS for the current year.

Hedge Funds Weigh In On Kennametal

A number of hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in shares of Kennametal by 21.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 446 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Kennametal by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock worth $129,000 after buying an additional 461 shares in the last quarter. Headlands Technologies LLC raised its position in Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after buying an additional 682 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Kennametal by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 34,895 shares of the industrial products company’s stock valued at $801,000 after acquiring an additional 745 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Kennametal by 3.4% during the 3rd quarter. Amalgamated Bank now owns 22,625 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 751 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.