Kennametal (NYSE:KMT) Sets New 1-Year High – Time to Buy?

Kennametal Inc. (NYSE:KMT) reached a new 52-week high on Tuesday . The company traded as high as $31.35 and last traded at $30.7120, with a volume of 1023087 shares. The stock had previously closed at $30.73.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Barclays boosted their target price on shares of Kennametal from $25.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Finally, UBS Group lifted their price target on shares of Kennametal from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kennametal has a consensus rating of “Hold” and a consensus price target of $27.60.

Kennametal Stock Down 0.1%

The stock’s 50-day moving average price is $28.00 and its 200-day moving average price is $24.35. The company has a current ratio of 2.60, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 4.11 and a beta of 1.48.

Kennametal (NYSE:KMT) last announced its 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. The business had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. Kennametal’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, sell-side analysts expect that Kennametal Inc. will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 2.6%. Kennametal’s dividend payout ratio (DPR) is currently 65.57%.

Hedge Funds Weigh In On Kennametal

Several institutional investors have recently added to or reduced their stakes in KMT. Royal Bank of Canada boosted its stake in Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kennametal by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Kennametal by 39.3% in the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock valued at $4,897,000 after buying an additional 64,907 shares during the period. Finally, Voya Investment Management LLC increased its position in Kennametal by 15.2% in the 1st quarter. Voya Investment Management LLC now owns 221,153 shares of the industrial products company’s stock valued at $4,711,000 after buying an additional 29,203 shares in the last quarter.

Kennametal Company Profile

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.