Kennametal Inc. (KMT) To Go Ex-Dividend on August 11th

Kennametal Inc. (NYSE:KMT) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, August 11th will be given a dividend of 0.20 per share by the industrial products company on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 11th.

Kennametal has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kennametal to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 43.0%.

Kennametal Price Performance

Shares of NYSE KMT opened at $33.11 on Friday. Kennametal has a fifty-two week low of $19.80 and a fifty-two week high of $43.81. The business has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $36.37. 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 firm has a market cap of $2.52 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.34 and a beta of 1.36.

Kennametal (NYSE:KMT) last announced its earnings results 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%.Kennametal’s quarterly revenue was up 42.6% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts expect that Kennametal will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Kennametal from $36.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, July 17th. JPMorgan Chase & Co. lowered their price objective on Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a report on Monday, July 13th. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. DA Davidson began coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price for the company. in a research note on Thursday, May 7th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $35.79.

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.