Kennametal (NYSE:KMT) Upgraded by DA Davidson to “Hold” Rating

Posted by Brenda Bartman on Jun 17th, 2026

DA Davidson upgraded shares of Kennametal (NYSE:KMT – Free Report) to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other analysts have also commented on KMT. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target on the stock. in a report on Thursday, May 7th. Zacks Research downgraded Kennametal from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on 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 company has a consensus rating of “Reduce” and an average price target of $35.69.

Read Our Latest Analysis on Kennametal

Kennametal Stock Performance

Shares of Kennametal stock opened at $36.49 on Tuesday. The business’s fifty day simple moving average is $36.53 and its 200 day simple moving average is $35.03. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 0.23 and a beta of 1.37. Kennametal has a 12 month low of $17.62 and a 12 month high of $43.81. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43.

Kennametal (NYSE:KMT – Get Free Report) last issued 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. The business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.Kennametal’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, analysts anticipate that Kennametal will post 2.99 EPS for the current year.

Kennametal Announces Dividend

The company also recently announced 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 yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is currently 45.20%.

Insiders Place Their Bets

In other Kennametal news, VP Carlonda R. Reilly sold 12,013 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total value of $397,870.56. Following the completion of the sale, the vice president directly owned 25,143 shares of the company’s stock, valued at $832,736.16. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Sagar A. Patel sold 29,499 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.50, for a total value of $988,216.50. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock valued at $1,583,326 over the last ninety days. 1.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kennametal

Several hedge funds have recently made changes to their positions in KMT. American Century Companies Inc. grew its position in shares of Kennametal by 44.0% in 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 purchasing an additional 1,289,624 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Kennametal by 36.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after purchasing an additional 505,669 shares in the last quarter. Medina Value Partners LLC grew its position in shares of Kennametal by 72.7% in the fourth quarter. Medina Value Partners LLC now owns 968,294 shares of the industrial products company’s stock valued at $27,509,000 after purchasing an additional 407,487 shares in the last quarter. UBS Group AG grew its position in shares of Kennametal by 190.1% in the fourth quarter. UBS Group AG now owns 538,321 shares of the industrial products company’s stock valued at $15,294,000 after purchasing an additional 352,726 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Kennametal by 776.9% in the fourth quarter. Marshall Wace LLP now owns 375,839 shares of the industrial products company’s stock valued at $10,678,000 after purchasing an additional 332,981 shares in the last quarter.

Kennametal Company Profile

(Get Free Report)

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.