Kennametal (NYSE:KMT) Hits New 1-Year High – What’s Next?

Shares of Kennametal Inc. (NYSE:KMT) hit a new 52-week high during trading on Wednesday . The company traded as high as $30.03 and last traded at $29.5450, with a volume of 17774 shares trading hands. The stock had previously closed at $29.29.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMT. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Barclays raised their price target on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. UBS Group boosted 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. Wall Street Zen upgraded shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kennametal currently has an average rating of “Hold” and an average target price of $24.60.

Kennametal Trading Down 0.3%

The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $2.24 billion, a P/E ratio of 24.09, a PEG ratio of 3.91 and a beta of 1.48. The firm’s 50-day simple moving average is $27.37 and its 200 day simple moving average is $24.14.

Kennametal (NYSE:KMT) last posted 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. The firm had revenue of $497.97 million for the quarter, compared to analyst estimates of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Equities research analysts anticipate that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. Kennametal’s payout ratio is currently 65.57%.

Institutional Trading of Kennametal

Several hedge funds and other institutional investors have recently modified their holdings of KMT. Hudson Bay Capital Management LP acquired a new stake in shares of Kennametal during the 3rd quarter valued at $304,000. CANADA LIFE ASSURANCE Co boosted its position in Kennametal by 3.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 70,115 shares of the industrial products company’s stock valued at $1,458,000 after purchasing an additional 2,019 shares during the last quarter. Verition Fund Management LLC grew its stake in Kennametal by 139.0% in the third quarter. Verition Fund Management LLC now owns 117,852 shares of the industrial products company’s stock valued at $2,467,000 after purchasing an additional 68,551 shares in the last quarter. Jain Global LLC acquired a new position in Kennametal in the 3rd quarter worth about $660,000. Finally, Bank of America Corp DE raised its stake in shares of Kennametal by 92.3% during the 3rd quarter. Bank of America Corp DE now owns 493,283 shares of the industrial products company’s stock worth $10,324,000 after purchasing an additional 236,736 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.