Kennametal Inc. (NYSE:KMT) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Kennametal Inc. (NYSE:KMT) have been assigned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.7857.

A number of brokerages have recently issued reports on KMT. Morgan Stanley dropped their price objective on Kennametal from $36.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, July 17th. DA Davidson started coverage on shares of Kennametal in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $34.00 price objective for the company. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research report on Thursday, May 7th. Finally, Zacks Research lowered Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th.

Insider Buying and Selling at Kennametal

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president directly 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 SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last quarter. Company insiders own 1.43% of the company’s stock.

Hedge Funds Weigh In On Kennametal

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Kennametal by 17.7% in the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after acquiring an additional 4,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kennametal by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock worth $986,000 after purchasing an additional 2,013 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kennametal by 13.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Kennametal by 39.3% in the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares during the period. Finally, Norges Bank purchased a new stake in shares of Kennametal in the 2nd quarter worth about $585,000.

Kennametal Trading Down 2.2%

KMT opened at $33.11 on Friday. Kennametal has a twelve month low of $19.80 and a twelve month high of $43.81. The company has a quick ratio of 0.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $34.38 and a 200-day moving average of $36.37. The stock has a market cap of $2.52 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.35 and a beta of 1.36.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.65. The business had revenue of $736.61 million for the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. On average, sell-side analysts predict that Kennametal will post 4.65 EPS for the current year.

Kennametal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th will be given a $0.20 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 2.4%. Kennametal’s payout ratio is presently 45.20%.

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.