Analysts Set Kennametal Inc. (NYSE:KMT) Target Price at $25.80

Kennametal Inc. (NYSE:KMT - Get Free Report) has received a consensus rating of "Reduce" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $25.80.

A number of research firms have issued reports on KMT. Barclays raised their target price on Kennametal from $22.00 to $24.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Wall Street Zen raised Kennametal from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Morgan Stanley lifted their price target on Kennametal from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th.

Kennametal Stock Up 0.5%

Shares of KMT stock traded up $0.12 during mid-day trading on Monday, reaching $21.77. 766,563 shares of the company were exchanged, compared to its average volume of 888,663. Kennametal has a fifty-two week low of $17.30 and a fifty-two week high of $32.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 2.53. The company has a market capitalization of $1.66 billion, a P/E ratio of 17.84, a P/E/G ratio of 3.69 and a beta of 1.39. The business's 50 day simple moving average is $20.20 and its 200 day simple moving average is $22.75.

Kennametal (NYSE:KMT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. The firm had revenue of $486.40 million during the quarter, compared to the consensus estimate of $489.30 million. Kennametal had a net margin of 4.76% and a return on equity of 8.12%. The firm's revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. Research analysts predict that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.80 annualized dividend and a yield of 3.67%. Kennametal's dividend payout ratio (DPR) is presently 57.55%.

Hedge Funds Weigh In On Kennametal

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Kennametal by 95.6% during the 3rd quarter. Barclays PLC now owns 163,670 shares of the industrial products company's stock valued at $4,244,000 after buying an additional 79,992 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Kennametal by 120.9% during the 4th quarter. Blue Trust Inc. now owns 1,308 shares of the industrial products company's stock valued at $34,000 after buying an additional 716 shares during the last quarter. KBC Group NV lifted its holdings in shares of Kennametal by 50.3% during the 4th quarter. KBC Group NV now owns 3,351 shares of the industrial products company's stock valued at $80,000 after buying an additional 1,122 shares during the last quarter. Legato Capital Management LLC lifted its holdings in shares of Kennametal by 42.3% during the 4th quarter. Legato Capital Management LLC now owns 64,860 shares of the industrial products company's stock valued at $1,558,000 after buying an additional 19,285 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Kennametal by 6.0% during the 4th quarter. Rhumbline Advisers now owns 265,241 shares of the industrial products company's stock valued at $6,371,000 after buying an additional 14,936 shares during the last quarter.

Kennametal Company Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.