Analysts Set Kennametal Inc. (NYSE:KMT) Price Target at $25.83

Shares of Kennametal Inc. (NYSE:KMT) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.8333.

Several research firms have weighed in on KMT. Wall Street Zen raised Kennametal from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays upped their price objective on Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. UBS Group lifted their price objective on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 7th.

Institutional Investors Weigh In On Kennametal

Several hedge funds have recently made changes to their positions in KMT. Smartleaf Asset Management LLC increased its stake in Kennametal by 21.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock valued at $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% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after buying an additional 461 shares during the period. Headlands Technologies LLC grew its holdings 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 period. SummerHaven Investment Management LLC lifted its holdings in shares of Kennametal by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 34,895 shares of the industrial products company’s stock worth $801,000 after acquiring an additional 745 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Kennametal by 3.4% in the third 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.

Kennametal Price Performance

Kennametal stock opened at $27.71 on Monday. The firm has a market capitalization of $2.11 billion, a PE ratio of 23.09, a P/E/G ratio of 3.83 and a beta of 1.50. Kennametal has a 52 week low of $17.30 and a 52 week high of $29.15. The firm’s 50-day simple moving average is $23.34 and its 200 day simple moving average is $22.73. The company has a quick ratio of 1.19, a current ratio of 2.46 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The business had revenue of $497.97 million for the quarter, compared to analyst estimates of $477.68 million. During the same period in the prior year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, equities research analysts predict that Kennametal will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, November 10th. Kennametal’s payout ratio is presently 65.57%.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.