Kennametal (NYSE:KMT) Hits New 52-Week High – Here’s What Happened

Shares of Kennametal Inc. (NYSE:KMT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.92 and last traded at $40.8250, with a volume of 1611765 shares traded. The stock had previously closed at $40.32.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group increased their price target on Kennametal from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. The Goldman Sachs Group set a $32.00 price target on Kennametal in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley raised their price objective on shares of Kennametal from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.50.

Kennametal Stock Up 1.2%

The company has a market capitalization of $3.11 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50. The company’s fifty day moving average is $31.52 and its 200-day moving average is $25.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. The business had revenue of $529.53 million for the quarter, compared to the consensus estimate of $514.70 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. As a group, analysts predict that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, February 10th. Kennametal’s dividend payout ratio is presently 55.94%.

Hedge Funds Weigh In On Kennametal

Hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new position in Kennametal during the second quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Kennametal in the 4th quarter worth about $28,000. Hantz Financial Services Inc. raised its position in shares of Kennametal by 350.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,068 shares in the last quarter. Danske Bank A S bought a new position in shares of Kennametal in the 4th quarter valued at about $31,000. Finally, Headlands Technologies LLC grew its position in Kennametal by 80.7% in the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 682 shares in 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.