JPMorgan Chase & Co. Increases Kennametal (NYSE:KMT) Price Target to $40.00

Kennametal (NYSE:KMT) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $37.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.82% from the company’s previous close.

A number of other research analysts have also commented on the company. Weiss Ratings raised Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 29th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a report on Thursday. The Goldman Sachs Group set a $32.00 price target on Kennametal in a report on Friday, February 6th. Barclays raised their price target on Kennametal from $28.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, February 9th. Finally, Morgan Stanley raised their price target on Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.93.

Kennametal Price Performance

Shares of NYSE KMT opened at $36.09 on Thursday. Kennametal has a 1-year low of $17.62 and a 1-year high of $43.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 1.14. The business’s fifty day moving average price is $38.20 and its two-hundred day moving average price is $33.11. The firm has a market capitalization of $2.75 billion, a PE ratio of 20.39, a P/E/G ratio of 0.41 and a beta of 1.44.

Kennametal (NYSE:KMT) last issued 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. The firm had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, research analysts expect that Kennametal will post 3.88 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. OLD National Bancorp IN boosted its stake in Kennametal by 3.8% during the fourth quarter. OLD National Bancorp IN now owns 10,226 shares of the industrial products company’s stock valued at $291,000 after buying an additional 377 shares in the last quarter. Baron Wealth Management LLC boosted its position in shares of Kennametal by 3.8% in the 1st quarter. Baron Wealth Management LLC now owns 11,972 shares of the industrial products company’s stock valued at $433,000 after purchasing an additional 439 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Kennametal by 21.3% in the 3rd 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 period. ProShare Advisors LLC boosted its position in shares of Kennametal by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 14,799 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 450 shares during the period. Finally, ARK Investment Management LLC boosted its position in shares of Kennametal by 16.6% in the 4th quarter. ARK Investment Management LLC now owns 3,210 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 457 shares during the period.

More Kennametal News

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Kennametal beat fiscal Q3 2026 estimates, with sales up about 22%, margin expansion, and continued strength in Earthworks, Energy and Aerospace demand. Kennametal Q3 Earnings Beat Estimates on Pricing and Volume
• Positive Sentiment: The company reported stronger-than-expected quarterly results overall, which helped push the stock to a new 52-week high and fueled momentum buying. Kennametal (NYSE:KMT) Reports Strong Q1 CY2026, Stock Jumps 11.1%
• Positive Sentiment: JPMorgan raised its price target on Kennametal to $40 from $37, signaling valuation support even while maintaining an underweight rating. Kennametal price target raised by JPMorgan Chase & Co.
• Neutral Sentiment: Zacks published two value-investing pieces on KMT, including one comparing it with Sandvik AB and another calling it a strong value stock; these articles are more about valuation than a new fundamental catalyst. KMT or SDVKY: Which Is the Better Value Stock Right Now? Here’s Why Kennametal (KMT) is a Strong Value Stock
• Negative Sentiment: Jefferies downgraded Kennametal, which could temper enthusiasm after the post-earnings rally despite the company’s improved results. Jefferies downgrades Kennametal (KMT)

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.