Kennametal Inc. (NYSE:KMT) Receives $34.67 Average Target Price from Brokerages

Kennametal Inc. (NYSE:KMT) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $34.6667.

A number of brokerages have commented on KMT. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Wall Street Zen upgraded Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. The Goldman Sachs Group set a $32.00 price target on Kennametal in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 14th. Finally, Morgan Stanley lifted their target price on shares of Kennametal from $29.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th.

Kennametal Stock Down 7.2%

KMT stock opened at $37.15 on Wednesday. Kennametal has a 12-month low of $17.30 and a 12-month high of $42.03. The company has a quick ratio of 1.14, a current ratio of 2.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 0.63 and a beta of 1.47. The company has a 50 day moving average of $35.73 and a two-hundred day moving average of $28.22.

Kennametal (NYSE:KMT) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The business had revenue of $529.53 million for the quarter, compared to analysts’ expectations of $514.70 million. During the same period in the previous year, the company posted $0.25 EPS. Kennametal’s revenue was up 9.9% on a year-over-year basis. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities analysts anticipate that Kennametal will post 1.17 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, February 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Kennametal’s dividend payout ratio (DPR) is currently 55.94%.

Insider Buying and Selling at Kennametal

In other news, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the sale, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. This represents a 75.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kennametal

Several hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP grew its stake in shares of Kennametal by 65.9% in the second quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock worth $187,219,000 after acquiring an additional 3,238,093 shares during the last quarter. American Century Companies Inc. raised its position in shares of Kennametal by 44.0% during the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock valued at $88,355,000 after buying an additional 1,289,624 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Kennametal by 63.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,381,379 shares of the industrial products company’s stock valued at $31,716,000 after buying an additional 534,978 shares during the period. Medina Value Partners LLC grew its position in Kennametal by 72.7% during the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock worth $27,509,000 after buying an additional 407,487 shares in the last quarter. Finally, Apollo Management Holdings L.P. acquired a new stake in Kennametal during the second quarter worth about $8,794,000.

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.