Kennametal (NYSE:KMT) Updates FY 2026 Earnings Guidance

Kennametal (NYSE:KMT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.750-4.000 for the period, compared to the consensus estimate of 2.440. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

Kennametal Stock Down 4.9%

NYSE KMT traded down $2.05 during trading on Friday, hitting $39.66. The stock had a trading volume of 437,374 shares, compared to its average volume of 1,425,042. The company has a market capitalization of $3.02 billion, a PE ratio of 22.54, a P/E/G ratio of 0.68 and a beta of 1.44. The company’s 50-day moving average price is $38.20 and its two-hundred day moving average price is $33.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 2.38. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $568.03 million. During the same quarter in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, sell-side analysts forecast that Kennametal will post 2.43 EPS for the current year.

Kennametal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Kennametal’s payout ratio is currently 45.20%.

Analyst Upgrades and Downgrades

KMT has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Kennametal from $29.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Weiss Ratings upgraded Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research note on Thursday. UBS Group boosted their target price on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group set a $32.00 target price on Kennametal in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.93.

Insider Buying and Selling

In other Kennametal news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction on Monday, March 9th. The stock was sold at an average price of $36.31, for a total value of $486,917.10. Following the completion of the sale, the vice president owned 38,746 shares of the company’s stock, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.29, for a total value of $193,747.40. Following the transaction, the vice president owned 1,634 shares in the company, valued at $62,565.86. This trade represents a 75.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is owned by company insiders.

Kennametal News Roundup

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: KMT beat Q3 fiscal 2026 estimates: revenue rose ~22% year-over-year, margins expanded and demand stayed strong across Earthworks, Energy and Aerospace — underlying fundamentals look solid. Kennametal Q3 Earnings Beat Estimates on Pricing and Volume
• Positive Sentiment: Style/value recognition: Zacks highlights KMT as a strong value stock, which can attract long-term/value-focused buyers given the company’s improving profitability. Here’s Why Kennametal (KMT) is a Strong Value Stock
• Positive Sentiment: Recent momentum: the stock recently hit a 52-week high after the earnings beat and earlier headlines showed a double-digit intraday jump, reflecting strong investor reaction to the results. Kennametal Reports Strong Q1 CY2026, Stock Jumps 11.1%
• Neutral Sentiment: Earnings call and transcripts are available for detail on management’s view of backlog, pricing and cost control — useful for confirming sustainability of margin improvement. Kennametal Inc. (KMT) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Company financials/valuation: management set FY2026 EPS guidance at $3.75–$4.00; current P/E ~22.8 and PEG ~0.68 — metrics that appeal to value investors but may temper upside if growth expectations shift. (Company disclosures and market data)
• Negative Sentiment: Analyst caution: Jefferies issued a downgrade, signaling skepticism from an institutional analyst and adding selling pressure. Jefferies downgrades Kennametal (KMT)
• Negative Sentiment: Mixed analyst stance: JPMorgan raised its price target to $40 but maintained an “underweight” rating — a technical increase in fair value that still signals a discouraged view on near-term upside. Benzinga

Institutional Trading of Kennametal

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC purchased a new stake in Kennametal during the fourth quarter worth $217,000. Mercer Global Advisors Inc. ADV purchased a new position in Kennametal in the 4th quarter worth approximately $259,000. State of Tennessee Department of Treasury raised its position in shares of Kennametal by 34.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 45,745 shares of the industrial products company’s stock valued at $1,300,000 after buying an additional 11,805 shares during the period. Mackenzie Financial Corp raised its position in shares of Kennametal by 38.5% during the 4th quarter. Mackenzie Financial Corp now owns 18,416 shares of the industrial products company’s stock valued at $527,000 after buying an additional 5,124 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in Kennametal in the 4th quarter valued at approximately $349,000.

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.