Kennametal (NYSE:KMT) Given New $31.00 Price Target at Morgan Stanley

Kennametal (NYSE:KMT) had its price target lowered by Morgan Stanley from $36.00 to $31.00 in a report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the industrial products company’s stock.

KMT has been the subject of several other reports. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. DA Davidson initiated coverage on Kennametal in a report on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price objective on the stock. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Barclays downgraded 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. Finally, Jefferies Financial Group cut Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kennametal currently has an average rating of “Reduce” and a consensus price target of $35.79.

Kennametal Stock Performance

NYSE KMT opened at $33.87 on Friday. The stock has a 50-day simple moving average of $34.62 and a two-hundred day simple moving average of $35.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The firm has a market capitalization of $2.58 billion, a P/E ratio of 19.14, a PEG ratio of 0.23 and a beta of 1.36. Kennametal has a fifty-two week low of $17.62 and a fifty-two week high of $43.81.

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

Kennametal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a 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 related news, Director Sagar A. Patel sold 29,499 shares of Kennametal stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the transaction, the vice president directly owned 25,143 shares in the company, valued at approximately $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 in the last ninety days. Insiders own 1.43% of the company’s stock.

Institutional Trading of Kennametal

A number of institutional investors and hedge funds have recently made changes to their positions in KMT. Rockefeller Capital Management L.P. lifted its holdings in 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 worth $28,000 after purchasing an additional 972 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Kennametal in the 4th quarter worth about $28,000. Danske Bank A S acquired a new stake in Kennametal during the 4th quarter valued at $31,000. Headlands Technologies LLC raised its position in Kennametal by 80.7% during the second 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 period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Kennametal by 142.3% in the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 1,228 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.