Kennametal (NYSE:KMT – Get Free Report) had its price target decreased by stock analysts at Morgan Stanley from $36.00 to $31.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price target points to a potential downside of 8.00% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday. Barclays downgraded shares of Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $40.00 to $33.00 in a report on Wednesday, May 27th. Weiss Ratings lowered shares of Kennametal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. DA Davidson started coverage on Kennametal in a research report on Tuesday, June 16th. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Jefferies Financial Group lowered Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price target for the company. in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $35.79.
View Our Latest Stock Report on KMT
Kennametal Stock Performance
Kennametal (NYSE:KMT – Get Free Report) last announced its 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 business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. During the same period in the prior year, the company earned $0.47 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. On average, equities analysts expect that Kennametal will post 3.23 earnings per share for the current year.
Insider Buying and Selling at Kennametal
In other Kennametal news, VP Judith L. Bacchus sold 5,488 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $35.94, for a total value of $197,238.72. Following the completion of the sale, the vice president owned 4,554 shares in the company, valued at approximately $163,670.76. This trade represents a 54.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Carlonda R. Reilly sold 12,013 shares of Kennametal stock in a transaction that occurred 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 owned 25,143 shares in the company, valued at approximately $832,736.16. This represents a 32.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 47,000 shares of company stock valued at $1,583,326 in the last 90 days. Insiders own 1.43% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Kennametal by 17.7% during the 1st quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock valued at $649,000 after acquiring an additional 4,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kennametal by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kennametal by 13.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares during the last quarter. Jane Street Group LLC boosted its holdings in Kennametal by 39.3% in the first quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank bought a new stake in Kennametal in the 2nd quarter worth approximately $585,000.
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.
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