Kennametal (NYSE:KMT) Price Target Raised to $28.00

Kennametal (NYSE:KMT) had its price target upped by Barclays from $25.00 to $28.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the industrial products company’s stock.

A number of other brokerages also recently commented on KMT. Wall Street Zen raised shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, UBS Group upped their price target on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.20.

Kennametal Price Performance

Shares of KMT stock opened at $30.73 on Wednesday. The company’s 50-day simple moving average is $27.83 and its two-hundred day simple moving average is $24.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.60 and a quick ratio of 1.18. Kennametal has a one year low of $17.30 and a one year high of $30.76. The company has a market capitalization of $2.34 billion, a P/E ratio of 25.18, a P/E/G ratio of 4.01 and a beta of 1.48.

Kennametal (NYSE:KMT) last issued its earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The business had revenue of $497.97 million during the quarter, compared to analyst estimates of $477.68 million. During the same period in the previous year, the company posted $0.29 EPS. Kennametal’s revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities analysts anticipate that Kennametal will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. Kennametal’s dividend payout ratio (DPR) is currently 65.57%.

Institutional Trading of Kennametal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollo Management Holdings L.P. acquired a new stake in Kennametal in the 2nd quarter valued at $8,794,000. Jacobs Levy Equity Management Inc. purchased a new position in Kennametal during the first quarter valued at $623,000. JPMorgan Chase & Co. grew its position in shares of Kennametal by 33.4% in the second quarter. JPMorgan Chase & Co. now owns 739,836 shares of the industrial products company’s stock valued at $16,987,000 after purchasing an additional 185,207 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of Kennametal during the second quarter worth about $1,163,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Kennametal by 63.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock worth $31,716,000 after purchasing an additional 534,978 shares during the last quarter.

Kennametal Company Profile

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.