Brokerages Set Kennametal Inc. (NYSE:KMT) PT at $24.60

Shares of Kennametal Inc. (NYSE:KMT) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.60.

Several equities analysts recently issued reports on KMT shares. 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 report on Friday, November 7th. UBS Group lifted their price objective on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Finally, JPMorgan Chase & Co. lifted their target price on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Friday, November 7th.

Kennametal Stock Performance

Shares of KMT stock opened at $28.72 on Friday. The business’s 50 day simple moving average is $25.78 and its 200 day simple moving average is $23.55. Kennametal has a one year low of $17.30 and a one year high of $29.89. The stock has a market capitalization of $2.19 billion, a PE ratio of 23.54, a PEG ratio of 3.84 and a beta of 1.48. 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 (NYSE:KMT) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.10. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The firm had revenue of $497.97 million during the quarter, compared to analyst estimates of $477.68 million. During the same quarter last year, the business earned $0.29 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, research analysts forecast that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a $0.20 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. Kennametal’s payout ratio is currently 65.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 446 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Kennametal by 8.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock valued at $129,000 after purchasing an additional 461 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Kennametal by 80.7% during the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Kennametal by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 34,895 shares of the industrial products company’s stock worth $801,000 after purchasing an additional 745 shares during the period. Finally, Amalgamated Bank raised its position in shares of Kennametal by 3.4% in the third quarter. Amalgamated Bank now owns 22,625 shares of the industrial products company’s stock worth $474,000 after buying an additional 751 shares in the last quarter.

About Kennametal

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.