Kennametal (NYSE:KMT) Raised to “Strong-Buy” at Zacks Research

Kennametal (NYSE:KMT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. UBS Group boosted their target price on Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays lifted their price objective on Kennametal from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Kennametal from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.83.

Kennametal Stock Performance

NYSE KMT traded down $0.66 on Wednesday, hitting $26.94. 742,945 shares of the company traded hands, compared to its average volume of 1,029,963. The business’s 50 day moving average price is $22.34 and its 200-day moving average price is $22.30. Kennametal has a 52-week low of $17.30 and a 52-week high of $29.84. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.83 and a beta of 1.50.

Kennametal (NYSE:KMT) last released its 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. The company had revenue of $497.97 million for the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a net margin of 4.73% and a return on equity of 8.09%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Equities analysts expect that Kennametal will post 1.17 earnings per share for the current year.

Institutional Trading of Kennametal

Several institutional investors and hedge funds have recently made changes to their positions in KMT. Ameritas Advisory Services LLC bought a new stake in shares of Kennametal in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. raised its position in shares of Kennametal by 350.2% in 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. Headlands Technologies LLC raised its position 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 worth $35,000 after acquiring an additional 682 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position 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 worth $37,000 after acquiring an additional 860 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Kennametal by 93.4% during the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,036 shares during the last quarter.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.