Kennametal (NYSE:KMT) Price Target Raised to $37.00

Kennametal (NYSE:KMT) had its price target boosted by JPMorgan Chase & Co. from $25.00 to $37.00 in a report published on Wednesday,Benzinga reports. The firm currently has an underweight rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research report on Wednesday, October 8th. UBS Group raised their price objective on shares of Kennametal from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. Barclays boosted their target price on shares of Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley raised their price target on Kennametal from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Kennametal Stock Down 1.6%

KMT opened at $34.02 on Wednesday. Kennametal has a twelve month low of $17.30 and a twelve month high of $34.84. The company’s 50-day moving average price is $28.71 and its two-hundred day moving average price is $24.63. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 4.34 and a beta of 1.48. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The company had revenue of $497.97 million for the quarter, compared to analysts’ expectations of $477.68 million. During the same quarter in the previous year, the firm posted $0.29 EPS. Kennametal’s revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. As a group, equities analysts expect that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is presently 65.57%.

Hedge Funds Weigh In On Kennametal

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new position in Kennametal in the 2nd quarter worth $27,000. Hantz Financial Services Inc. grew its stake in shares of Kennametal by 350.2% during the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,068 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 682 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 860 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Kennametal by 142.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 1,228 shares during the period.

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.