Kennametal Inc. (NYSE:KMT) Stock Has Consensus Price Target of $33.50

Kennametal Inc. (NYSE:KMT) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.50.

KMT has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Kennametal from $34.00 to $30.00 and set an “underweight” rating on the stock in a report on Thursday, October 8th. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research note on Monday, August 10th. UBS Group lowered their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Weiss Ratings raised Kennametal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th.

Insider Transactions at Kennametal

In related news, CEO Sanjay Chowbey acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $29.10 per share, with a total value of $203,700.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Judith Bacchus sold 9,676 shares of Kennametal stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the completion of the transaction, the vice president owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.65% of the stock is owned by company insiders.

Institutional Trading of Kennametal

A number of institutional investors have recently modified their holdings of KMT. SummerHaven Investment Management LLC boosted its position in Kennametal by 7.0% in the third quarter. SummerHaven Investment Management LLC now owns 33,550 shares of the industrial products company’s stock valued at $1,031,000 after buying an additional 2,198 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new position in Kennametal during the 3rd quarter worth approximately $230,000. Michael J. Porro & Co. Financial Advisors Inc. purchased a new position in Kennametal during the 3rd quarter worth approximately $508,000. Fortitude Family Office LLC raised its position in Kennametal by 4,757.3% during the 3rd quarter. Fortitude Family Office LLC now owns 3,983 shares of the industrial products company’s stock worth $122,000 after buying an additional 3,901 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC raised its position in Kennametal by 19.3% during the 3rd quarter. Steel Grove Capital Advisors LLC now owns 58,549 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 9,463 shares during the last quarter.

Kennametal Stock Down 0.6%

NYSE:KMT opened at $30.61 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. Kennametal has a 1-year low of $21.70 and a 1-year high of $43.81. The company has a 50-day moving average of $30.52 and a 200 day moving average of $33.85. The firm has a market cap of $2.34 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.33.

Kennametal (NYSE:KMT) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.65. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The business had revenue of $736.61 million for the quarter, compared to the consensus estimate of $725.74 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. 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 anticipate that Kennametal will post 4.92 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio is 18.18%.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components, and wear-resistant solutions. Its products are designed to help customers machine, shape, and protect materials used in demanding industrial applications.

The company’s offerings include cutting tools and tooling systems for metalworking, as well as engineered components, advanced materials, and surface technologies intended to improve durability and performance.