Brokerages Set Kennametal Inc. (NYSE:KMT) PT at $27.60

Shares of Kennametal Inc. (NYSE:KMT) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has 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 analysts that have covered the stock in the last year is $30.00.

A number of equities analysts recently commented on the company. Morgan Stanley upped their target price on Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday. Barclays boosted their price objective on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. JPMorgan Chase & Co. lifted their target price on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Kennametal

Hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in Kennametal in the second quarter worth $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Kennametal by 350.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,068 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock worth $37,000 after buying an additional 860 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares in the last quarter.

Kennametal Stock Up 3.1%

NYSE KMT opened at $34.52 on Tuesday. Kennametal has a 1 year low of $17.30 and a 1 year high of $34.84. The stock has a market capitalization of $2.63 billion, a PE ratio of 28.30, a PEG ratio of 4.34 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18. The business’s 50-day moving average is $28.56 and its 200 day moving average is $24.56.

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 analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The business had revenue of $497.97 million during the quarter, compared to analyst estimates of $477.68 million. During the same quarter in the prior year, the company posted $0.29 EPS. Kennametal’s quarterly revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Sell-side analysts forecast that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Kennametal’s dividend payout ratio is 65.57%.

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.