Kennametal (NYSE:KMT) Raised to “Strong-Buy” at Zacks Research

Kennametal (NYSE:KMT) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

KMT has been the subject of a number of other reports. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. DA Davidson began coverage on shares of Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $40.00 to $33.00 in a report on Wednesday, May 27th. Finally, Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective for the company. in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $37.36.

Kennametal Price Performance

Shares of Kennametal stock opened at $33.37 on Monday. The stock’s 50-day simple moving average is $35.48 and its 200-day simple moving average is $35.73. Kennametal has a 52 week low of $17.62 and a 52 week high of $43.81. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 0.22 and a beta of 1.36. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09. The firm had revenue of $592.59 million during the quarter, compared to analysts’ expectations of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts expect that Kennametal will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the completion of the transaction, the vice president owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the transaction, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 47,000 shares of company stock worth $1,583,326. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its position in Kennametal by 36.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after acquiring an additional 505,669 shares during the last quarter. Medina Value Partners LLC lifted its holdings in shares of Kennametal by 72.7% in the 4th quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after acquiring an additional 407,487 shares during the last quarter. UBS Group AG boosted its stake in shares of Kennametal by 190.1% during the 4th 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. Marshall Wace LLP grew its holdings in Kennametal by 776.9% during the 4th quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after purchasing an additional 332,981 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Kennametal by 195.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 472,940 shares of the industrial products company’s stock valued at $10,859,000 after purchasing an additional 312,769 shares during the last quarter.

Kennametal Company Profile

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.