Kennametal (NYSE:KMT) Stock Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Kennametal (NYSE:KMT) crossed above its 50-day moving average of $38.13, trading as high as $39.49 on Friday with volume around 765,783 shares.
• The company beat quarterly estimates with $0.47 EPS vs. $0.35 expected and $529.5M in revenue (up 9.9% year-over-year), and set Q3 2026 guidance of $0.50–0.60 and FY2026 guidance of $2.05–2.45.
• Several analysts have raised price targets recently (e.g., UBS to $39, Morgan Stanley to $36, JPMorgan to $37), but the MarketBeat consensus remains a Hold with a $34.67 price target.

Kennametal Inc. (NYSE:KMT - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $38.13 and traded as high as $39.49. Kennametal shares last traded at $38.8570, with a volume of 765,783 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on KMT shares. UBS Group raised their price objective on shares of Kennametal from $32.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Morgan Stanley raised their price objective on shares of Kennametal from $29.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 10th. The Goldman Sachs Group set a $32.00 price objective on shares of Kennametal in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Kennametal from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kennametal from $25.00 to $37.00 and gave the company an "underweight" rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.67.

Kennametal Stock Performance

The company's 50-day moving average price is $38.13 and its two-hundred day moving average price is $30.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.14 and a current ratio of 2.55. The stock has a market cap of $2.96 billion, a PE ratio of 27.17, a PEG ratio of 0.64 and a beta of 1.48.

Kennametal (NYSE:KMT - Get Free Report) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.12. The company had revenue of $529.53 million for the quarter, compared to analysts' expectations of $514.70 million. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The firm's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. On average, equities research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Investors of record on Tuesday, February 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, February 10th. Kennametal's dividend payout ratio (DPR) is presently 55.94%.

Insiders Place Their Bets

In related news, VP Carlonda R. Reilly sold 13,410 shares of Kennametal stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president owned 38,746 shares in the company, valued at $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 is available through the SEC website. Also, VP John Wayne Witt sold 5,060 shares of Kennametal stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the transaction, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. The trade was a 75.59% decrease in their position. The SEC filing for this sale provides additional information. 1.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kennametal

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position 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 worth $28,000 after purchasing an additional 972 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Kennametal in the 4th quarter worth $28,000. Danske Bank A S bought a new stake in Kennametal in the 4th quarter worth $31,000. Hantz Financial Services Inc. grew its holdings 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 worth $29,000 after acquiring an additional 1,068 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Kennametal by 80.7% in the 2nd quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company's stock worth $35,000 after acquiring an additional 682 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.

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