Kennametal Inc. (NYSE:KMT) Receives Average Recommendation of “Reduce” from Brokerages

Kennametal Inc. (NYSE:KMT) has been given a consensus recommendation of “Reduce” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.3571.

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Zacks Research raised Kennametal from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, DA Davidson initiated coverage on Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 target price on the stock.

Kennametal Stock Up 1.1%

Shares of KMT traded up $0.36 during trading hours on Tuesday, reaching $33.50. The stock had a trading volume of 972,031 shares, compared to its average volume of 992,890. The firm has a 50-day simple moving average of $35.12 and a 200 day simple moving average of $35.78. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 0.21 and a beta of 1.36.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The firm had revenue of $592.59 million during the quarter, compared to the consensus estimate of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities research analysts predict that Kennametal will post 3.23 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s payout ratio is presently 45.20%.

Insider Transactions at Kennametal

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $35.94, for a total value of $197,238.72. Following the sale, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This represents a 54.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kennametal

Several large investors have recently made changes to their positions in KMT. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Kennametal in the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. raised its stake in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 972 shares during the period. Danske Bank A S bought a new stake in shares of Kennametal in the 4th quarter worth about $31,000. Headlands Technologies LLC grew 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 valued at $35,000 after purchasing an additional 682 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 1,228 shares during 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.