Analysts Set Kennametal Inc. (NYSE:KMT) Target Price at $27.60

Kennametal Inc. (NYSE:KMT) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.00.

A number of equities analysts have commented on KMT shares. Zacks Research upgraded shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Morgan Stanley lifted their price objective on shares of Kennametal from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, January 12th. UBS Group increased their target price on shares of Kennametal from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their price target on shares of Kennametal from $25.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Barclays increased their price objective on Kennametal from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th.

Kennametal Stock Down 1.6%

Kennametal stock opened at $34.02 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.59 billion, a P/E ratio of 27.89, a P/E/G ratio of 4.28 and a beta of 1.48. The business has a fifty day moving average of $28.71 and a two-hundred day moving average of $24.64. Kennametal has a twelve month low of $17.30 and a twelve month high of $34.84.

Kennametal (NYSE:KMT) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, analysts forecast that Kennametal will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, November 10th. Kennametal’s dividend payout ratio (DPR) is currently 65.57%.

Hedge Funds Weigh In On Kennametal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in Kennametal during the 2nd quarter worth approximately $27,000. Hantz Financial Services Inc. raised its holdings in shares of Kennametal by 350.2% in the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company’s stock worth $29,000 after buying an additional 1,068 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after buying an additional 682 shares during the last quarter. Nomura Asset Management Co. Ltd. increased 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 valued at $37,000 after acquiring an additional 860 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Kennametal by 142.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,091 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 1,228 shares during the last quarter.

About Kennametal

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.