Kennametal (NYSE:KMT) Upgraded by Zacks Research to Strong-Buy Rating

Posted by Brenda Bartman on Jul 8th, 2026

Zacks Research upgraded shares of Kennametal (NYSE:KMT – Free Report) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Several other research analysts have also commented on KMT. Weiss Ratings lowered Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson initiated coverage on shares of Kennametal in a research note on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target on the stock. Jefferies Financial Group lowered shares of Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective 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, Barclays lowered Kennametal from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $40.00 to $33.00 in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Kennametal currently has a consensus rating of “Reduce” and an average price target of $37.36.

Get Our Latest Analysis on Kennametal

Kennametal Price Performance

NYSE:KMT opened at $33.37 on Monday. The company has a current ratio of 2.38, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.22 and a beta of 1.36. The company’s 50-day moving average is $35.48 and its two-hundred day moving average is $35.73. Kennametal has a 12-month low of $17.62 and a 12-month high of $43.81.

Kennametal (NYSE:KMT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share 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 analyst estimates of $568.03 million. During the same quarter in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Research analysts expect that Kennametal will post 3.23 EPS for the current year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 2.4%. The ex-dividend date was Tuesday, May 12th. Kennametal’s dividend payout ratio (DPR) is presently 45.20%.

Insider Activity at Kennametal

In other news, Director Sagar A. Patel sold 29,499 shares of the company’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 Securities & Exchange Commission, which is available at this link. Also, VP Carlonda R. Reilly sold 12,013 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $33.12, for a total transaction of $397,870.56. Following the completion of the sale, the vice president directly owned 25,143 shares in the company, valued at approximately $832,736.16. This trade represents a 32.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock worth $1,583,326 in the last 90 days. 1.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kennametal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Kennametal by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,750,538 shares of the industrial products company’s stock worth $134,964,000 after buying an additional 96,888 shares in the last quarter. State Street Corp raised its stake in Kennametal by 0.3% during the 4th quarter. State Street Corp now owns 2,899,770 shares of the industrial products company’s stock valued at $82,382,000 after acquiring an additional 9,963 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Kennametal by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company’s stock worth $83,039,000 after acquiring an additional 307,209 shares during the period. Wellington Management Group LLP grew its stake in shares of Kennametal by 20.7% in the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company’s stock worth $32,366,000 after purchasing an additional 265,664 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Kennametal by 3.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company’s stock worth $38,167,000 after purchasing an additional 47,839 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.