DA Davidson Upgrades Kennametal (NYSE:KMT) to Hold

Kennametal (NYSE:KMT) was upgraded by analysts at DA Davidson to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also commented on KMT. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price target on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $35.69.

Kennametal Price Performance

Kennametal stock opened at $36.49 on Tuesday. Kennametal has a 12-month low of $17.62 and a 12-month high of $43.81. The stock has a market cap of $2.78 billion, a P/E ratio of 20.62, a PEG ratio of 0.23 and a beta of 1.37. The company has a 50-day moving average price of $36.53 and a 200 day moving average price of $35.03. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The company had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same period in the previous year, the business posted $0.47 EPS. Kennametal’s revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Sell-side analysts anticipate that Kennametal will post 2.99 earnings per share for the current year.

Insider Activity at Kennametal

In related news, VP Judith L. Bacchus sold 5,488 shares of Kennametal 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 completion of the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 47,000 shares of company stock worth $1,583,326. Insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Kennametal

Several institutional investors and hedge funds have recently modified their holdings of KMT. LSV Asset Management acquired a new position in Kennametal in the 4th quarter valued at about $2,290,000. UBS Group AG increased its stake in Kennametal by 190.1% during the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock worth $15,294,000 after purchasing an additional 352,726 shares during the period. Steel Grove Capital Advisors LLC acquired a new stake in shares of Kennametal during the fourth quarter worth about $1,911,000. Vanguard Group Inc. lifted its position in shares of Kennametal by 1.8% during the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after purchasing an additional 155,566 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Kennametal by 27.6% in the third quarter. Public Sector Pension Investment Board now owns 331,663 shares of the industrial products company’s stock valued at $6,942,000 after purchasing an additional 71,732 shares during the period.

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.