Kennametal Inc. (NYSE:KMT) Stock Has Average Price Target of $33.50 According to Analysts

Kennametal Inc. (NYSE:KMT) has received an average recommendation of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.50.

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. UBS Group reduced their target price on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. DA Davidson decreased their price target on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. JPMorgan Chase & Co. lowered their price target on Kennametal from $34.00 to $30.00 and set an “underweight” rating on the stock in a research report on Thursday, October 8th. Finally, Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $31.00 to $27.00 in a report on Monday, August 10th.

Insider Buying and Selling

In other Kennametal news, VP Judith Bacchus sold 9,676 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the completion of the sale, the vice president directly owned 15,721 shares of the company’s stock, valued at $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Chowbey purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $29.10 per share, with a total value of $203,700.00. Following the purchase, the chief executive officer owned 246,839 shares in the company, valued at $7,183,014.90. This represents a 2.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.65% of the company’s stock.

Institutional Investors Weigh In On Kennametal

Institutional investors have recently bought and sold shares of the business. Amundi lifted its position in Kennametal by 244.7% during the 2nd quarter. Amundi now owns 162,786 shares of the industrial products company’s stock valued at $5,706,000 after purchasing an additional 115,557 shares during the period. WINTON GROUP Ltd grew its holdings in Kennametal by 170.1% during the 2nd quarter. WINTON GROUP Ltd now owns 58,366 shares of the industrial products company’s stock worth $2,046,000 after acquiring an additional 36,757 shares during the period. William Blair Investment Management LLC bought a new stake in Kennametal in the second quarter valued at about $69,614,000. Deutsche Bank AG bought a new stake in Kennametal in the second quarter valued at approximately $9,166,000. Finally, Legal & General Group Plc bought a new stake in shares of Kennametal in the 2nd quarter valued at $6,243,000.

Kennametal Stock Performance

NYSE:KMT opened at $31.11 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.38 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.30 and a beta of 1.33. The firm’s 50 day moving average is $30.55 and its two-hundred day moving average is $33.77. Kennametal has a fifty-two week low of $21.70 and a fifty-two week high of $43.81.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The firm had revenue of $736.61 million during the quarter, compared to the consensus estimate of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The company’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Analysts expect that Kennametal will post 4.92 EPS for the current year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 11th. Kennametal’s payout ratio is currently 18.18%.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company’s offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.