Kennametal (NYSE:KMT) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Kennametal’s price target to $27 from $30 and maintained an “underweight” rating; the report cited 16.16% potential upside from the then-current share price. Analysts overall had a “Reduce” consensus and an average target of $33.07.
• Kennametal shares fell 11.6% on Thursday to $23.24, near the company’s reported 12-month low.
• Quarterly EPS of $3.48 beat estimates of $2.65, while revenue of $768.19 million came in slightly below forecasts. The company raised its fiscal 2027 adjusted EPS outlook, though tungsten pricing and volume and cash-flow pressures remain risks.

Kennametal (NYSE:KMT - Get Free Report) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $30.00 to $27.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an "underweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 16.16% from the stock's current price.

Other analysts have also recently issued research reports about the stock. UBS Group dropped their target price on shares of Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Zacks Research lowered shares of Kennametal from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 14th. Weiss Ratings cut shares of Kennametal from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. Morgan Stanley cut shares of Kennametal from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $31.00 to $27.00 in a research report on Monday, August 10th. Finally, DA Davidson dropped their price objective on shares of Kennametal from $34.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $33.07.

Kennametal Stock Down 11.6%

Shares of NYSE:KMT traded down $3.04 during trading on Thursday, hitting $23.24. The stock had a trading volume of 3,294,145 shares, compared to its average volume of 1,422,986. The company has a market capitalization of $1.78 billion, a PE ratio of 5.28, a PEG ratio of 0.29 and a beta of 1.30. The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average is $30.38 and its 200 day moving average is $34.52. Kennametal has a 12 month low of $23.08 and a 12 month high of $43.81.

Kennametal (NYSE:KMT - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.83. The company had revenue of $768.19 million for the quarter, compared to analyst estimates of $770.36 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The firm's revenue was up 54.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Analysts anticipate that Kennametal will post 4.92 EPS for the current fiscal year.

Insider Activity

In other Kennametal news, VP Judith L. Bacchus sold 9,676 shares of the firm's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $30.29, for a total transaction of $293,086.04. Following the completion of the sale, the vice president directly owned 15,721 shares in the company, valued at approximately $476,189.09. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Chowbey acquired 7,000 shares of Kennametal stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $29.10 per share, with a total value of $203,700.00. Following the completion of the purchase, the chief executive officer owned 246,839 shares in the company, valued at $7,183,014.90. This represents a 2.92% increase in their position. The SEC filing for this purchase provides additional information. 1.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its holdings in Kennametal by 53.6% in the third quarter. Maryland State Retirement & Pension System now owns 17,099 shares of the industrial products company's stock worth $526,000 after purchasing an additional 5,970 shares during the last quarter. Fulcrum Asset Management LLP boosted its position in Kennametal by 3,904.0% in the third quarter. Fulcrum Asset Management LLP now owns 6,006 shares of the industrial products company's stock worth $186,000 after purchasing an additional 5,856 shares during the last quarter. M Holdings Securities Inc. purchased a new position in Kennametal in the third quarter worth about $214,000. Parallel Advisors LLC grew its stake in shares of Kennametal by 235.8% during the 3rd quarter. Parallel Advisors LLC now owns 5,581 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 3,919 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Kennametal during the 3rd quarter valued at about $4,656,000.

Key Headlines Impacting Kennametal

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $3.48, topping analyst estimates of about $2.65, while sales rose 54% year over year to $768 million. Kennametal raised its fiscal 2027 adjusted EPS outlook and reaffirmed its longer-term adjusted EBITDA margin target, assuming tungsten prices remain at current levels. Kennametal Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: Favorable timing of raw-material pricing relative to costs and stronger Metal Cutting volumes supported profits, according to management. KMT Q1 Earnings Call Highlights Tungsten Risks and Higher Outlook
• Negative Sentiment: Revenue of $768 million narrowly missed analyst expectations of roughly $770 million, tempering the strong EPS result. Kennametal reports sales below analyst estimates
• Negative Sentiment: The earnings boost was partly driven by tungsten-related pricing benefits, which may be sensitive to raw-material prices and the timing of cost recovery. Infrastructure volume weakness and cash-flow pressures were also highlighted as challenges. KMT Q3 CY2026 deep dive

Kennametal Company Profile

Kennametal Inc NYSE: KMT is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company's offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.

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