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

Kennametal Inc. (NYSE:KMT) has received an average rating of “Reduce” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.6875.

A number of brokerages have recently commented on KMT. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Zacks Research lowered shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their target price on shares of Kennametal from $37.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th.

Insiders Place Their Bets

In other Kennametal news, Director Sagar A. Patel sold 29,499 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $33.50, for a total value of $988,216.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Judith L. Bacchus sold 5,488 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $35.94, for a total transaction of $197,238.72. Following the transaction, the vice president owned 4,554 shares in the company, valued at $163,670.76. This trade represents a 54.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,000 shares of company stock worth $1,583,326 over the last three months. 1.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new position in Kennametal during the 4th quarter worth about $28,000. Rockefeller Capital Management L.P. grew its holdings in Kennametal by 3,600.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 972 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in 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 acquiring an additional 1,068 shares in the last quarter. Danske Bank A S bought a new position in Kennametal during the 4th quarter worth about $31,000. Finally, Headlands Technologies LLC grew its holdings in 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 acquiring an additional 682 shares in the last quarter.

Kennametal Stock Down 0.1%

Shares of Kennametal stock opened at $36.32 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 2.38. The stock has a market capitalization of $2.77 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.37. Kennametal has a 52-week low of $17.62 and a 52-week high of $43.81. The company has a 50-day simple moving average of $36.54 and a two-hundred day simple moving average of $35.15.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The firm had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, analysts anticipate that Kennametal will post 3.23 EPS for the current fiscal year.

Kennametal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were 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 was Tuesday, May 12th. Kennametal’s dividend payout ratio 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.