Kennametal (NYSE:KMT) Price Target Raised to $36.00

Kennametal (NYSE:KMT) had its price target increased by Morgan Stanley from $29.00 to $36.00 in a report published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group set a $32.00 price target on shares of Kennametal in a research note on Friday, February 6th. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays increased their price objective on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.67.

Kennametal Trading Down 2.5%

Shares of KMT stock opened at $39.25 on Tuesday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 27.45, a P/E/G ratio of 0.69 and a beta of 1.50. Kennametal has a twelve month low of $17.30 and a twelve month high of $41.74. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $32.26 and its 200 day simple moving average is $26.21.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The firm had revenue of $529.53 million during the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a return on equity of 9.46% and a net margin of 5.43%.The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. As a group, sell-side analysts predict that Kennametal will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.80 annualized dividend and a yield of 2.0%. Kennametal’s dividend payout ratio (DPR) is currently 55.94%.

Hedge Funds Weigh In On Kennametal

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP increased its stake in shares of Kennametal by 65.9% in the 2nd quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock valued at $187,219,000 after acquiring an additional 3,238,093 shares in the last quarter. American Century Companies Inc. increased its stake in Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after purchasing an additional 1,289,624 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Kennametal by 63.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock valued at $31,716,000 after purchasing an additional 534,978 shares in the last quarter. Apollo Management Holdings L.P. acquired a new position in shares of Kennametal during the second quarter valued at about $8,794,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Kennametal by 828.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 414,132 shares of the industrial products company’s stock worth $9,509,000 after purchasing an additional 369,548 shares in 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.