Kennametal Inc. (NYSE:KMT) Stock Has Consensus Price Target of $34.07 According to Analysts

Kennametal Inc. (NYSE:KMT) has been assigned an average recommendation of “Reduce” from the nine brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $34.07.

A number of analysts have recently issued reports on KMT shares. Morgan Stanley downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $31.00 to $27.00 in a report on Monday, August 10th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 15th. DA Davidson cut their target price on Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. UBS Group reduced their target price on Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kennametal in a research note on Monday, August 17th.

Kennametal Trading Up 0.9%

Shares of KMT stock opened at $30.20 on Friday. The company has a current ratio of 2.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. Kennametal has a twelve month low of $20.35 and a twelve month high of $43.81. The company’s 50-day moving average price is $31.42 and its 200-day moving average price is $34.46. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.53% and a return on equity of 24.83%. Kennametal’s revenue was up 42.6% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. 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, equities analysts predict that Kennametal will post 4.91 earnings per share for the current year.

Kennametal Dividend Announcement

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

Insider Activity

In other news, VP Judith L. Bacchus sold 9,676 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the sale, the vice president directly owned 15,721 shares of the company’s stock, valued at approximately $476,189.09. The trade was a 38.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Chowbey acquired 7,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of $29.10 per share, with a total value of $203,700.00. Following 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 position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.65% of the company’s stock.

Institutional Trading of Kennametal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Kennametal in the second quarter valued at $440,446,000. William Blair Investment Management LLC acquired a new position in Kennametal during the 2nd quarter worth about $69,614,000. Medina Value Partners LLC acquired a new position in Kennametal during the 2nd quarter worth about $43,007,296. NFJ Investment Group LLC purchased a new position in Kennametal during the 2nd quarter valued at about $36,202,000. Finally, Bank of New York Mellon Corp purchased a new position in Kennametal during the 2nd quarter valued at about $33,949,000.

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company’s offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.