Kennametal (NYSE:KMT) Upgraded at DA Davidson

Kennametal (NYSE:KMT) was upgraded by stock analysts at DA Davidson to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently issued reports on KMT. Jefferies Financial Group cut shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a research note on Thursday, May 7th. Zacks Research cut shares of Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Barclays lowered shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $40.00 to $33.00 in a research report on Wednesday, May 27th. Weiss Ratings cut shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $35.69.

Kennametal Price Performance

Shares of Kennametal stock opened at $36.49 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. Kennametal has a twelve month low of $17.62 and a twelve month high of $43.81. The business has a 50-day moving average price of $36.53 and a 200 day moving average price of $35.03. The firm has a market cap of $2.78 billion, a PE ratio of 20.62, a P/E/G ratio of 0.23 and a beta of 1.37.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Kennametal’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. Sell-side analysts predict that Kennametal will post 2.99 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sagar A. Patel sold 29,499 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.50, for a total transaction of $988,216.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Carlonda R. Reilly sold 12,013 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $33.12, for a total transaction of $397,870.56. Following the sale, the vice president directly owned 25,143 shares of the company’s stock, valued at approximately $832,736.16. This represents a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,000 shares of company stock worth $1,583,326 over the last three months. Insiders own 1.43% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KMT. Rockefeller Capital Management L.P. grew its position in shares of Kennametal by 3,600.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $28,000. Danske Bank A S acquired a new stake in shares of Kennametal in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC lifted its position in Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock worth $35,000 after buying an additional 682 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Kennametal by 142.3% during the second quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,228 shares in the last quarter.

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.