Kennametal (NYSE:KMT) Shares Down 6.3% – What’s Next?

Kennametal Inc. (NYSE:KMT) fell 6.3% during trading on Wednesday . The company traded as low as $34.45 and last traded at $34.60. 1,062,065 shares were traded during trading, a decline of 27% from the average session volume of 1,451,817 shares. The stock had previously closed at $36.94.

Analysts Set New Price Targets

A number of research firms have commented on KMT. The Goldman Sachs Group set a $32.00 target price on shares of Kennametal in a research report on Friday, February 6th. Jefferies Financial Group downgraded shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 target price on the stock. in a research report on Thursday, May 7th. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $40.00 to $33.00 in a research report on Wednesday. Morgan Stanley raised their target price on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $35.93.

Kennametal Stock Down 6.2%

The firm has a market capitalization of $2.64 billion, a P/E ratio of 19.58, a PEG ratio of 0.23 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The business’s fifty day moving average price is $37.18 and its two-hundred day moving average price is $34.29.

Kennametal (NYSE:KMT) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The business had revenue of $592.59 million for the quarter, compared to analysts’ expectations of $568.03 million. During the same period last year, the business earned $0.47 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities analysts expect that Kennametal Inc. will post 2.99 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Insider Buying and Selling at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the sale, the vice president directly owned 38,746 shares in the company, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Institutional Trading of Kennametal

A number of institutional investors have recently modified their holdings of KMT. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Kennametal in the 4th quarter valued at about $28,000. Rockefeller Capital Management L.P. boosted its stake in Kennametal by 3,600.0% in 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 in the last quarter. Hantz Financial Services Inc. boosted its stake in Kennametal by 350.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 1,068 shares in the last quarter. Danske Bank A S acquired a new stake in Kennametal in the 4th quarter worth approximately $31,000. Finally, Headlands Technologies LLC boosted its stake in Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 682 shares in 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.