Kennametal Inc. (NYSE:KMT) Given Consensus Rating of “Reduce” by Brokerages

Kennametal Inc. (NYSE:KMT) has been assigned a consensus recommendation of “Reduce” from the nine brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.9286.

Several analysts have issued reports on KMT shares. JPMorgan Chase & Co. upped their price target on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their price objective 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. UBS Group boosted their price objective on shares of Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. The Goldman Sachs Group set a $32.00 target price on shares of Kennametal in a report on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday.

Insider Activity at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the completion of the transaction, the vice president directly owned 38,746 shares in the company, valued at approximately $1,406,867.26. The trade was a 25.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.43% of the company’s stock.

Institutional Investors Weigh In On Kennametal

Hedge funds have recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Kennametal in the fourth quarter valued at $28,000. Rockefeller Capital Management L.P. raised its position in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Kennametal by 350.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,068 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Kennametal during the 4th quarter worth about $31,000. Finally, Headlands Technologies LLC boosted its holdings 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 worth $35,000 after buying an additional 682 shares during the period.

Kennametal Stock Up 2.5%

KMT stock opened at $36.12 on Monday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 0.22 and a beta of 1.44. Kennametal has a twelve month low of $17.62 and a twelve month high of $43.81. The business has a 50 day moving average price of $37.26 and a two-hundred day moving average price of $34.02. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43.

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

Kennametal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 12th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

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.