Kennametal Inc. (KMT) To Go Ex-Dividend on November 10th

Kennametal Inc. (NYSE:KMT) announced a quarterly dividend on Tuesday, October 28th. Shareholders of record on Monday, November 10th will be paid a dividend of 0.20 per share by the industrial products company on Monday, November 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, November 10th.

Kennametal has a dividend payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kennametal to earn $1.37 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 58.4%.

Kennametal Price Performance

Shares of KMT stock opened at $26.30 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 21.92, a P/E/G ratio of 3.83 and a beta of 1.50. The company has a quick ratio of 1.19, a current ratio of 2.46 and a debt-to-equity ratio of 0.45. Kennametal has a twelve month low of $17.30 and a twelve month high of $30.36. The business has a fifty day simple moving average of $21.86 and a 200 day simple moving average of $22.07.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. The firm had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, sell-side analysts forecast that Kennametal will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Zacks Research upgraded Kennametal from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Barclays boosted their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Wall Street Zen upgraded Kennametal from a “hold” rating to a “buy” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kennametal currently has a consensus rating of “Reduce” and a consensus target price of $24.67.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.