Kennametal (KMT) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" KMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KMT, but not buy additional shares or sell existing shares.
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6 Wall Street research analysts have issued 1 year price objectives for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $35.00. On average, they predict the company's share price to reach $26.81 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for KMT or view top-rated stocks among Wall Street analysts.

Kennametal's stock was trading at $24.06 at the beginning of 2023. Since then, KMT shares have increased by 6.0% and is now trading at $25.50.
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Kennametal saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 6,180,000 shares, an increase of 46.4% from the April 15th total of 4,220,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 5.9 days. Approximately 8.1% of the shares of the stock are sold short.
View Kennametal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our KMT earnings forecast.

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings data on Monday, May, 1st. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. The industrial products company had revenue of $536.04 million for the quarter, compared to analysts' expectations of $530.40 million. Kennametal had a trailing twelve-month return on equity of 9.79% and a net margin of 6.01%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share.

Kennametal announced a quarterly dividend on Monday, May 1st. Stockholders of record on Tuesday, May 9th will be given a dividend of $0.20 per share on Tuesday, May 23rd. This represents a $0.80 annualized dividend and a yield of 3.14%. The ex-dividend date is Monday, May 8th.
Read our dividend analysis for KMT.

ETFs with the largest weight of Kennametal (NYSE:KMT) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Schwab Ariel ESG ETF (SAEF), Invesco S&P SmallCap Industrials ETF (PSCI), Qraft AI-Enhanced Next Value ETF (NVQ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Active Factor Mid Cap ETF (AFMC) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.09%. 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 41.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

Kennametal declared that its Board of Directors has initiated a stock buyback program on Monday, August 2nd 2021, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Kennametal updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.50-$1.70 for the period, compared to the consensus earnings per share estimate of $1.43. The company issued revenue guidance of $2.07 billion-$2.10 billion, compared to the consensus revenue estimate of $2.07 billion.

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.

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).

Kennametal trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMT."

Kennametal's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.00%), Wellington Management Group LLP (7.61%), Dimensional Fund Advisors LP (5.69%), Burgundy Asset Management Ltd. (5.60%), Victory Capital Management Inc. (4.08%) and FMR LLC (3.88%). Insiders that own company stock include Cindy L Davis, John Wayne Witt, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Ronald L Port and William M Lambert.
View institutional ownership trends.

Shares of KMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KMT stock can currently be purchased for approximately $25.50.

Kennametal (NYSE:KMT) has a market capitalization of $2.05 billion and generates $2.06 billion in revenue each year. The industrial products company earns $144.62 million in net income (profit) each year or $1.50 on an earnings per share basis.

The company employs 8,600 workers across the globe.

Kennametal's mailing address is 525 WILLIAM PENN PLACE SUITE 3300, PITTSBURGH PA, 15219. The official website for the company is www.kennametal.com. The industrial products company can be reached via phone at (412) 248-8000, via email at kelly.boyer@kennametal.com, or via fax at 724-539-5750.