Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. It operates through three segments: Industrial, Widia, and Infrastructure. The company's product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for 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. It also produces specialized wear components and metallurgical powders that are used for custom-engineered and various applications to producers and suppliers in equipment-intensive operations that include coal mining, road construction, quarrying, oil and gas exploration, refining, production, and supply. In addition, the company offers specified product design, selection, application, and support services. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:KMT
CUSIP48917010
Phone412-248-8000
Debt
Debt-to-Equity Ratio0.57
Current Ratio2.60
Quick Ratio1.47
Price-To-Earnings
Trailing P/E Ratio24.62
Forward P/E Ratio14.39
P/E Growth2.49
Sales & Book Value
Annual Sales$2.06 billion
Price / Sales1.48
Cash Flow$2.8220 per share
Price / Cash13.26
Book Value$13.07 per share
Price / Book2.86
Profitability
EPS (Most Recent Fiscal Year)$1.52
Net Income$49.13 million
Net Margins6.83%
Return on Equity17.01%
Return on Assets7.79%
Miscellaneous
Employees10,700
Outstanding Shares81,630,000
Market Cap$3,100.24
Kennametal (NYSE:KMT) Frequently Asked Questions
What is Kennametal's stock symbol?
Kennametal trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMT."
How often does Kennametal pay dividends? What is the dividend yield for Kennametal?
Kennametal announced a quarterly dividend on Thursday, May 3rd. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.20 per share on Wednesday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Monday, May 14th. View Kennametal's Dividend History.
How were Kennametal's earnings last quarter?
Kennametal Inc. (NYSE:KMT) announced its earnings results on Wednesday, May, 2nd. The industrial products company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.72 by $0.02. The industrial products company had revenue of $607.94 million for the quarter, compared to analysts' expectations of $601.10 million. Kennametal had a net margin of 6.83% and a return on equity of 17.01%. Kennametal's quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. View Kennametal's Earnings History.
When is Kennametal's next earnings date?
What guidance has Kennametal issued on next quarter's earnings?
Kennametal issued an update on its FY18 earnings guidance on Wednesday, May, 2nd. The company provided EPS guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.57.
What price target have analysts set for KMT?
10 brokerages have issued 1-year target prices for Kennametal's shares. Their forecasts range from $42.00 to $60.00. On average, they anticipate Kennametal's stock price to reach $49.30 in the next year. This suggests a possible upside of 31.7% from the stock's current price. View Analyst Ratings for Kennametal.
What is the consensus analysts' recommendation for Kennametal?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Kennametal stock?
Here are some recent quotes from research analysts about Kennametal stock:
- 1. According to Zacks Investment Research, "In the past three months, Kennametal's shares have underperformed the industry. The company is facing issues with higher raw material costs. The company predicts raw material costs — for tungsten, steel and cobalt — to inflate in the fourth quarter of fiscal 2018. However, some relief is likely to come in from favorable pricing. Also, a weak cash position and huge debt levels might be detrimental to the company's financials." (7/4/2018)
- 2. Barrington Research analysts commented, "We are expecting positive adjusted operating margin improvement due to expected price increases and productivity gains by the company. We are estimating sales of $594 million in Q3/18, an increase of more than 12% YOY, with adjusted EPS of 0.67. FactSet consensus estimates call for sales of $599 million and adjusted EPS of $0.72. KMT’s markets are seasonally slow during the first calendar (third fiscal) quarter. Outlook: Kennametal is looking for FY/18 organic sales growth of 9‐11%, up from a prior range of 5‐7%. End market strength, notably in oil & gas and general engineering, has increased Kennametal’s growth expectations. Full‐year adjusted EPS guidance was raised to $2.40‐2.70 following Q2/18 results from $2.30‐2.60 and includes an adverse impact of $0.15‐0.20 because of U.S. tax reform. The effective tax rate is now expected to be 22‐ 25% compared to 18‐22% expected previously." (5/1/2018)
Who are some of Kennametal's key competitors?
Some companies that are related to Kennametal include Xylem (XYL), Dover (DOV), Norsk Hydro ASA (NHYDY), BRAMBLES Ltd/S (BXBLY), Packaging Corp Of America (PKG), IDEX (IEX), A. O. Smith (AOS), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), Avery Dennison (AVY), ASAHI GLASS/ADR (ASGLY), AB SKF (SKFRY), Fortune Brands Home & Security (FBHS), HD Supply (HDS) and Zebra Technologies (ZBRA).
Who are Kennametal's key executives?
Kennametal's management team includes the folowing people:
- Mr. Ronald M. De Feo, Exec. Chairman (Age 66)
- Mr. Johannes Cornelius Maria van Gaalen, VP & CFO (Age 61)
- Mr. Robert J. Clemens Ph.D., VP & CTO (Age 61)
- Mr. Peter A. Dragich, VP & Pres of the Industrial Bus. (Age 55)
- Mr. Christopher Rossi, Pres, CEO & Director (Age 54)
Has Kennametal been receiving favorable news coverage?
News stories about KMT stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kennametal earned a media sentiment score of 0.24 on Accern's scale. They also gave news articles about the industrial products company an impact score of 46.36 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Kennametal's major shareholders?
Kennametal's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Foundry Partners LLC (0.05%), Jag Capital Management LLC (0.02%), Municipal Employees Retirement System of Michigan (0.02%), Campbell & CO Investment Adviser LLC (0.02%) and Xact Kapitalforvaltning AB (0.02%). Company insiders that own Kennametal stock include Andre Gagne, Charles Michael Jr Byrnes, Christopher Rossi, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Philip A Dur, Pierre Labrecque, Robert J Clemens, Robert Wares, Roby Bégin, Steven H Wunning and Timothy R Mclevish. View Institutional Ownership Trends for Kennametal.
Which institutional investors are selling Kennametal stock?
KMT stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Jag Capital Management LLC and Foundry Partners LLC. Company insiders that have sold Kennametal company stock in the last year include Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Robert J Clemens, Steven H Wunning and Timothy R Mclevish. View Insider Buying and Selling for Kennametal.
Which institutional investors are buying Kennametal stock?
KMT stock was purchased by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC and Xact Kapitalforvaltning AB. Company insiders that have bought Kennametal stock in the last two years include Andre Gagne, Charles Michael Jr Byrnes, Christopher Rossi, Pierre Labrecque, Robert Wares and Roby Bégin. View Insider Buying and Selling for Kennametal.
How do I buy shares of Kennametal?
Shares of KMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kennametal's stock price today?
One share of KMT stock can currently be purchased for approximately $37.42.
How big of a company is Kennametal?
Kennametal has a market capitalization of $3.10 billion and generates $2.06 billion in revenue each year. The industrial products company earns $49.13 million in net income (profit) each year or $1.52 on an earnings per share basis. Kennametal employs 10,700 workers across the globe.
How can I contact Kennametal?
Kennametal's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The industrial products company can be reached via phone at 412-248-8000.
MarketBeat Community Rating for Kennametal (NYSE KMT)
MarketBeat's community ratings are surveys of what our community members think about Kennametal and other stocks. Vote "Outperform" if you believe KMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
