Kennametal (NYSE:KMT) Stock Rating Upgraded by Zacks Research

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

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

Kennametal Stock Down 2.5%

Shares of KMT opened at $33.37 on Monday. The company’s 50-day moving average price is $35.48 and its 200 day moving average price is $35.73. Kennametal has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.54 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.22 and a beta of 1.36.

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

Insider Activity

In other news, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was 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 directly owned 4,554 shares of the company’s stock, valued at approximately $163,670.76. The trade was a 54.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 25,143 shares in the company, valued at $832,736.16. The trade was a 32.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 47,000 shares of company stock worth $1,583,326. 1.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kennametal

Institutional investors and hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Kennametal in the fourth quarter valued at $28,000. Rockefeller Capital Management L.P. boosted its position in shares of Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares in the last quarter. Danske Bank A S purchased a new position in shares of Kennametal in the 4th quarter valued at about $31,000. Headlands Technologies LLC increased its holdings in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares in the last quarter.

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.