Analysts Set Kennametal Inc. (NYSE:KMT) Target Price at $34.07

Kennametal Inc. (NYSE:KMT) has been assigned a consensus rating of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $34.0714.

KMT has been the subject of several analyst reports. Morgan Stanley lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $31.00 to $27.00 in a research note on Monday, August 10th. UBS Group lowered their price target on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Barclays cut shares of Kennametal from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th.

Insider Buying and Selling

In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the company’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 sale, the vice president directly owned 4,554 shares in the company, valued at $163,670.76. This represents a 54.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 transaction, the vice president owned 25,143 shares in the company, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 47,000 shares of company stock valued at $1,583,326. 1.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KMT. Allworth Financial LP acquired a new stake in shares of Kennametal in the second quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Kennametal during the 4th quarter valued at $28,000. Rockefeller Capital Management L.P. boosted its position in 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 purchasing an additional 972 shares during the period. Danske Bank A S purchased a new stake in Kennametal during the 4th quarter worth $31,000. Finally, Headlands Technologies LLC increased its holdings in 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 purchasing an additional 682 shares in the last quarter.

Kennametal Stock Performance

Shares of KMT opened at $29.52 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.25 billion, a P/E ratio of 6.71, a PEG ratio of 0.29 and a beta of 1.36. The company has a 50-day moving average of $33.19 and a two-hundred day moving average of $35.81. Kennametal has a 12-month low of $20.35 and a 12-month high of $43.81.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The firm had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, research analysts predict that Kennametal will post 4.82 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio is presently 18.18%.

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.