Kennametal (NYSE:KMT) Given New $40.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Kennametal from $37 to $40 but maintained an "underweight" rating, implying roughly a 3.96% downside from the prior close.
• Kennametal beat Q3 expectations with $0.77 EPS (vs. $0.68) and $592.6M revenue (up 21.8% YoY), and management raised FY2026 adjusted EPS guidance to 3.75–4.00.
• Despite the beat and guidance upgrade, the stock traded down about 3.7% to $41.65; the analyst consensus is a Hold with an average price target of $36.93.

Kennametal (NYSE:KMT - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $37.00 to $40.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "underweight" rating on the industrial products company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 3.96% from the stock's previous close.

Several other analysts also recently weighed in on the company. Jefferies Financial Group downgraded Kennametal from a "buy" rating to a "hold" rating and set a $47.50 target price for the company. in a research note on Thursday. Weiss Ratings upgraded Kennametal from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, April 29th. UBS Group raised their price objective on shares of Kennametal from $32.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Morgan Stanley boosted their target price on shares of Kennametal from $29.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 10th. Finally, Barclays increased their price target on shares of Kennametal from $28.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $36.93.

Kennametal Stock Down 3.7%

KMT traded down $1.62 during midday trading on Thursday, hitting $41.65. 1,546,141 shares of the company's stock traded hands, compared to its average volume of 1,423,979. Kennametal has a one year low of $17.62 and a one year high of $43.81. The company has a market cap of $3.17 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 0.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.55 and a quick ratio of 1.14. The stock's fifty day simple moving average is $38.17 and its 200-day simple moving average is $32.97.

Kennametal (NYSE:KMT - Get Free Report) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.09. The business had revenue of $592.59 million for the quarter, compared to analyst estimates of $568.03 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. Kennametal's revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. As a group, equities analysts anticipate that Kennametal will post 2.43 earnings per share for the current fiscal year.

Insider Activity at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $36.31, for a total transaction of $486,917.10. Following the sale, the vice president owned 38,746 shares of the company's stock, valued at approximately $1,406,867.26. This trade represents a 25.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total value of $193,747.40. Following the sale, the vice president directly owned 1,634 shares in the company, valued at $62,565.86. The trade was a 75.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is currently owned by company insiders.

Institutional Trading of Kennametal

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in Kennametal by 3,600.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 999 shares of the industrial products company's stock valued at $28,000 after buying an additional 972 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Kennametal in the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in Kennametal in the 4th quarter valued at $31,000. Hantz Financial Services Inc. boosted its stake in Kennametal by 350.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company's stock valued at $29,000 after buying an additional 1,068 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in Kennametal by 80.7% in the 2nd 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 in the last quarter.

Kennametal News Summary

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Q3 beat on EPS and revenue — KMT reported $0.77 adj. EPS vs. $0.68 consensus and revenue of ~$593M, up ~22% YoY; operating and adjusted operating income rose sharply, reflecting margin expansion. Kennametal Announces Fiscal 2026 Third Quarter Results
• Positive Sentiment: Raised FY‑2026 outlook — Management lifted annual adjusted EPS and sales guidance (now ~3.75–4.00 EPS and roughly $2.3–$2.4B revenue), well above prior consensus, improving forward earnings visibility. Kennametal Announces Fiscal 2026 Third Quarter Results
• Positive Sentiment: End‑market strength and pricing helped results — Management called out strong demand in Earthworks, Energy and Aerospace and cited an “unprecedented” rise in tungsten pricing that boosted margins and adjusted results. Kennametal Q3 Earnings Beat Estimates on Pricing and Volume
• Positive Sentiment: Market reaction — Coverage notes the stock jumped and reached a new 52‑week high on the stronger‑than‑expected print and guidance, signaling positive investor sentiment. Kennametal NYSE: KMT Reaches New 52-Week High on Better-Than-Expected Earnings
• Neutral Sentiment: Calls/transcripts and investor materials available — Earnings call transcript, slide deck and detailed comments are published for investors who want management detail on order trends, pricing outlook and segment performance. Kennametal Inc. (KMT) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Commodity/pricing sensitivity risk — A portion of the profit improvement is driven by higher tungsten pricing; if commodity prices reverse or volume softens, margins could compress and future beats could be harder to sustain. Kennametal (KMT) Beats Q3 Earnings and Revenue Estimates

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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