Kennametal (NYSE:KMT) Given New $27.00 Price Target at JPMorgan Chase & Co.

Kennametal (NYSE:KMT) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $30.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 16.16% from the stock’s previous close.

KMT has been the subject of a number of other research reports. Zacks Research cut Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Morgan Stanley cut Kennametal from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $31.00 to $27.00 in a research report on Monday, August 10th. UBS Group cut their price objective on Kennametal from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. DA Davidson reduced their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Five equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Kennametal currently has a consensus rating of “Reduce” and a consensus price target of $33.07.

Kennametal Stock Performance

Shares of NYSE:KMT traded down $3.04 during midday trading on Thursday, hitting $23.24. The company had a trading volume of 3,294,145 shares, compared to its average volume of 1,422,986. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 0.29 and a beta of 1.30. Kennametal has a 12-month low of $23.08 and a 12-month high of $43.81. The company has a fifty day moving average of $30.38 and a two-hundred day moving average of $34.52.

Kennametal (NYSE:KMT) last released its earnings results on Wednesday, November 4th. The industrial products company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.83. The company had revenue of $768.19 million for the quarter, compared to the consensus estimate of $770.36 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. Kennametal’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Kennametal will post 4.92 EPS for the current fiscal year.

Insider Activity

In other Kennametal news, CEO Sanjay Chowbey bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $29.10 per share, with a total value of $203,700.00. Following the purchase, the chief executive officer owned 246,839 shares of the company’s stock, valued at $7,183,014.90. This trade represents a 2.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Judith L. Bacchus sold 9,676 shares of Kennametal stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total value of $293,086.04. Following the sale, the vice president directly owned 15,721 shares in the company, valued at $476,189.09. This trade represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Kennametal

Institutional investors and hedge funds have recently modified their holdings of the stock. Maryland State Retirement & Pension System lifted its holdings in shares of Kennametal by 53.6% in the third quarter. Maryland State Retirement & Pension System now owns 17,099 shares of the industrial products company’s stock worth $526,000 after buying an additional 5,970 shares in the last quarter. Fulcrum Asset Management LLP grew its stake in Kennametal by 3,904.0% during the third quarter. Fulcrum Asset Management LLP now owns 6,006 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 5,856 shares in the last quarter. M Holdings Securities Inc. purchased a new position in Kennametal during the third quarter valued at $214,000. Parallel Advisors LLC increased its holdings in Kennametal by 235.8% in the 3rd quarter. Parallel Advisors LLC now owns 5,581 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 3,919 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Kennametal in the 3rd quarter valued at $4,656,000.

Kennametal News Roundup

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $3.48, topping analyst estimates of about $2.65, while sales rose 54% year over year to $768 million. Kennametal raised its fiscal 2027 adjusted EPS outlook and reaffirmed its longer-term adjusted EBITDA margin target, assuming tungsten prices remain at current levels. Kennametal Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: Favorable timing of raw-material pricing relative to costs and stronger Metal Cutting volumes supported profits, according to management. KMT Q1 Earnings Call Highlights Tungsten Risks and Higher Outlook
• Negative Sentiment: Revenue of $768 million narrowly missed analyst expectations of roughly $770 million, tempering the strong EPS result. Kennametal reports sales below analyst estimates
• Negative Sentiment: The earnings boost was partly driven by tungsten-related pricing benefits, which may be sensitive to raw-material prices and the timing of cost recovery. Infrastructure volume weakness and cash-flow pressures were also highlighted as challenges. KMT Q3 CY2026 deep dive

Kennametal Company Profile

Kennametal Inc (NYSE: KMT) is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company’s offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.