Kennametal (NYSE:KMT) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Kennametal Inc. (NYSE:KMT)’s share price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $30.41 and traded as high as $31.24. Kennametal shares last traded at $30.7440, with a volume of 2,158,563 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMT. Weiss Ratings downgraded Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. DA Davidson lowered their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Monday, August 10th. JPMorgan Chase & Co. cut their price target on Kennametal from $34.00 to $30.00 and set an “underweight” rating for the company in a research note on Thursday, October 8th. Finally, UBS Group cut their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Five research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $33.50.

Kennametal Stock Performance

The company has a market capitalization of $2.35 billion, a PE ratio of 6.99, a PEG ratio of 0.29 and a beta of 1.33. 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 50-day moving average price of $30.41 and a two-hundred day moving average price of $34.58.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The firm’s revenue for the quarter was up 42.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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 predict that Kennametal Inc. will post 4.92 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Kennametal’s dividend payout ratio is currently 18.18%.

Insider Transactions at Kennametal

In related news, VP Judith L. 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 transaction of $293,086.04. Following the completion of the transaction, the vice president owned 15,721 shares of the company’s stock, valued at approximately $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Chowbey bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $29.10 per share, for a total transaction of $203,700.00. Following the acquisition, the chief executive officer directly owned 246,839 shares in the company, valued at $7,183,014.90. This trade represents a 2.92% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.65% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allworth Financial LP bought a new position in Kennametal in the second quarter valued at $25,000. Cetera Investment Advisers increased its position in shares of Kennametal by 9.4% during the 1st quarter. Cetera Investment Advisers now owns 8,376 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 723 shares during the last quarter. Rockefeller Capital Management L.P. increased 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 valued at $28,000 after purchasing an additional 972 shares during the last quarter. Nykredit A S bought a new position in shares of Kennametal during the 2nd quarter valued at about $37,000. Finally, Vise Technologies Inc. raised its holdings in shares of Kennametal by 13.2% during the 3rd quarter. Vise Technologies Inc. now owns 9,274 shares of the industrial products company’s stock valued at $285,000 after buying an additional 1,085 shares in the last quarter.

About Kennametal

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.