Kennametal Inc. (NYSE:KMT) Receives $34.07 Consensus Target Price from Brokerages

Shares of Kennametal Inc. (NYSE:KMT) have received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $34.0714.

Several research analysts have recently weighed in on KMT shares. JPMorgan Chase & Co. decreased their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating on the stock in a report on Monday, July 13th. UBS Group dropped their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. 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, May 7th. Finally, DA Davidson lowered their price target on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th.

Kennametal Trading Down 0.5%

Shares of Kennametal stock opened at $29.18 on Wednesday. Kennametal has a 12-month low of $20.35 and a 12-month high of $43.81. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.29 and a beta of 1.34. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $32.95 and its 200-day moving average price is $35.64.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, equities analysts expect that Kennametal will post 4.82 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio is 18.18%.

Insider Buying and Selling

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the business’s 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 transaction, the vice president owned 4,554 shares of the company’s stock, valued at $163,670.76. The trade was a 54.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total transaction of $988,216.50. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.43% of the company’s stock.

Institutional Trading of Kennametal

A number of hedge funds have recently made changes to their positions in KMT. Allworth Financial LP bought a new position in Kennametal in the second quarter valued at $25,000. Rockefeller Capital Management L.P. raised its position in Kennametal by 3,600.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Kennametal during the fourth quarter worth about $28,000. Nykredit A S bought a new stake in Kennametal during the second quarter worth about $37,000. Finally, Danske Bank A S purchased a new position in shares of Kennametal in the 4th quarter worth about $31,000.

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.