NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

$24.35
+0.18 (+0.74%)
(As of 04/23/2024 ET)
Today's Range
$24.12
$24.61
50-Day Range
$23.41
$25.54
52-Week Range
$22.08
$30.60
Volume
506,323 shs
Average Volume
623,945 shs
Market Capitalization
$1.93 billion
P/E Ratio
16.23
Dividend Yield
3.29%
Price Target
$24.58

Kennametal MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
1.0% Upside
$24.58 Price Target
Short Interest
Bearish
5.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of Kennametal in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$25,550 Sold Last Quarter
Proj. Earnings Growth
11.41%
From $1.49 to $1.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.87 out of 5 stars

Industrial Products Sector

157th out of 166 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

KMT stock logo

About Kennametal Stock (NYSE:KMT)

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. It offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. In addition, the company provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. Further, it produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. The company provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national distributors; integrated supplier channels; and through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.

KMT Stock Price History

KMT Stock News Headlines

The only defense company you should be looking at
This is the ONLY defense company you should be watching right now.
What Makes Kennametal (KMT) an Investment Opportunity?
What 4 Analyst Ratings Have To Say About Kennametal
KMT Oct 2024 25.000 call
The only defense company you should be looking at
This is the ONLY defense company you should be watching right now.
KMT Apr 2024 30.000 call
Kennametal Names Sanjay Chowbey As Next CEO
Kennametal Inc.
Loop Capital Markets Keeps Their Hold Rating on Kennametal (KMT)
Kennametal Innovation Recognized as Edison Award Finalist
Kennametal (NYSE:KMT) Is Paying Out A Dividend Of $0.20
Kennametal adds $200M to share repurchase program
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 2/27 Dividend
2/12/2024
Dividend Payable
2/27/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,739
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.58
High Stock Price Target
$27.50
Low Stock Price Target
$23.00
Potential Upside/Downside
+1.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$118.46 million
Pretax Margin
7.31%

Debt

Sales & Book Value

Annual Sales
$2.08 billion
Cash Flow
$3.19 per share
Book Value
$16.37 per share

Miscellaneous

Free Float
77,851,000
Market Cap
$1.93 billion
Optionable
Optionable
Beta
1.78
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Key Executives

  • Mr. Christopher Rossi (Age 60)
    President, CEO & Director
    Comp: $2.31M
  • Mr. Patrick S. Watson (Age 51)
    VP of Finance & CFO
    Comp: $680.63k
  • Ms. Michelle Ruth Keating (Age 48)
    VP, Secretary & General Counsel
    Comp: $677.77k
  • Mr. Franklin Cardenas (Age 56)
    VP & President of Infrastructure Business Segment
    Comp: $836.07k
  • Mr. Sanjay K. Chowbey (Age 55)
    VP & President of Metal Cutting Business Segment
    Comp: $909.37k
  • Dr. Carlonda R. Reilly Ph.D. (Age 56)
    VP & CTO
  • Ms. Judith L. BacchusMs. Judith L. Bacchus (Age 62)
    VP & Chief Administrative Officer
    Comp: $654.06k
  • Mr. Michael Pici
    Vice President of Investor Relations
  • Lori Lecker
    Vice President of Corporate Relations & Communications
  • Mr. John Wayne Witt (Age 45)
    VP of Finance & Corporate Controller

KMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Kennametal stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" KMT shares.
View KMT analyst ratings
or view top-rated stocks.

What is Kennametal's stock price target for 2024?

4 brokerages have issued 12 month price objectives for Kennametal's shares. Their KMT share price targets range from $23.00 to $27.50. On average, they expect the company's share price to reach $24.58 in the next year. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for KMT
or view top-rated stocks among Wall Street analysts.

How have KMT shares performed in 2024?

Kennametal's stock was trading at $25.79 at the start of the year. Since then, KMT stock has decreased by 5.6% and is now trading at $24.35.
View the best growth stocks for 2024 here
.

When is Kennametal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our KMT earnings forecast
.

How can I listen to Kennametal's earnings call?

Kennametal will be holding an earnings conference call on Wednesday, May 8th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) announced its earnings results on Wednesday, February, 7th. The industrial products company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The industrial products company had revenue of $495.30 million for the quarter, compared to analysts' expectations of $498.99 million. Kennametal had a trailing twelve-month return on equity of 9.94% and a net margin of 5.86%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share.

How often does Kennametal pay dividends? What is the dividend yield for Kennametal?

Kennametal announced a quarterly dividend on Tuesday, January 30th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.20 per share on Tuesday, February 27th. This represents a $0.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, February 12th.
Read our dividend analysis for KMT
.

Is Kennametal a good dividend stock?

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 48.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

How will Kennametal's stock buyback program work?

Kennametal announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 7th 2024, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

What guidance has Kennametal issued on next quarter's earnings?

Kennametal issued an update on its third quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 0.250-0.350 for the period, compared to the consensus EPS estimate of 0.480. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $535.0 million.

What is Christopher Rossi's approval rating as Kennametal's CEO?

15 employees have rated Kennametal Chief Executive Officer Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include Intel (INTC), QUALCOMM (QCOM), AT&T (T), Ford Motor (F), Phillips 66 (PSX), Alcoa (AA), AbbVie (ABBV), Broadcom (AVGO), Bank of America (BAC) and Commercial Metals (CMC).

Who are Kennametal's major shareholders?

Kennametal's stock is owned by a variety of retail and institutional investors. Top institutional investors include Azarias Capital Management L.P. (0.24%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%), New Mexico Educational Retirement Board (0.02%) and International Assets Investment Management LLC (0.02%). Insiders that own company stock include John Wayne Witt, Joseph Alvarado, William J Harvey and William M Lambert.
View institutional ownership trends
.

How do I buy shares of Kennametal?

Shares of KMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KMT) was last updated on 4/23/2024 by MarketBeat.com Staff

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