NYSE:KMTKennametal Stock Price, Forecast & News

$27.74

-0.77 (-2.70 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$27.09

Now: $27.74▼

$28.13

50-Day Range

$21.36

MA: $23.87▼

$29.43

52-Week Range

$14.45

Now: $27.74▼

$38.73

Volume940,402 shs

Average Volume855,038 shs

Market Capitalization$2.30 billion

P/E Ratio35.56

Dividend Yield2.88%

Beta2.38

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. The company operates through three segments: Industrial, Widia, and Infrastructure. Its 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. The company 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 comprising coal mining, road construction, quarrying, oil and gas exploration, refining, production, and supply. In addition, it offers specified product design, selection, application, and support services. 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 chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Kennametal has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 2 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.57, Kennametal has a potential upside of 6.6% from its current price of $27.74.
Amount of Analyst Coverage
Kennametal has only been the subject of 3 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Kennametal has received 415 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Kennametal has received 562 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Kennametal has received 57.52% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Kennametal is a leading dividend payer. It pays a dividend yield of 2.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kennametal does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kennametal is 26.49 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Kennametal will have a dividend payout ratio of 66.67 % next year. This indicates that Kennametal will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kennametal insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $218,160.00 in company stock.
Percentage Held by Insiders
Only 1.48% of the stock of Kennametal is held by insiders.
Percentage Held by Institutions
96.24% of the stock of Kennametal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Kennametal are expected to grow by 30.43% in the coming year, from $0.92 to $1.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kennametal is 35.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kennametal is 35.56, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.70.
Price to Earnings Growth Ratio
Kennametal has a PEG Ratio of 6.02. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Kennametal has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.76 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Machine tools, metal cutting type

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:KMT

Previous Symbol

CUSIP48917010

CIK55242

Webwww.kennametal.com

Phone412-248-8000

Debt

Debt-to-Equity Ratio0.48

Current Ratio2.52

Quick Ratio1.17

Price-To-Earnings

Trailing P/E Ratio35.56

Forward P/E Ratio30.15

P/E Growth6.02

Sales & Book Value

Annual Sales$2.38 billion

Price / Sales0.97

Cash Flow$4.42 per share

Price / Cash Flow6.28

Book Value$15.66 per share

Price / Book1.77

Profitability

EPS (Most Recent Fiscal Year)$3.02

Net Income$241.93 million

Net Margins3.10%

Return on Equity10.16%

Return on Assets5.23%

Miscellaneous

Employees10,400

Outstanding Shares82,910,000

Market Cap$2.30 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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Kennametal (NYSE:KMT) Frequently Asked Questions

How has Kennametal's stock been impacted by COVID-19 (Coronavirus)?

Kennametal's stock was trading at $20.13 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KMT stock has increased by 37.8% and is now trading at $27.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Kennametal?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Kennametal.

When is Kennametal's next earnings date?

Kennametal is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Kennametal.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) announced its quarterly earnings data on Monday, May, 4th. The industrial products company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.14. The industrial products company had revenue of $483.10 million for the quarter, compared to analyst estimates of $503.23 million. Kennametal had a net margin of 3.10% and a return on equity of 10.16%. The business's revenue for the quarter was down 19.1% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. View Kennametal's earnings history.

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

Kennametal announced a quarterly dividend on Monday, May 4th. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.20 per share on Wednesday, May 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, May 11th. View Kennametal's dividend history.

What price target have analysts set for KMT?

8 brokerages have issued twelve-month price objectives for Kennametal's shares. Their forecasts range from $25.00 to $40.00. On average, they anticipate Kennametal's share price to reach $29.57 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price. View analysts' price targets for Kennametal.

Has Kennametal been receiving favorable news coverage?

Headlines about KMT stock have trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Kennametal earned a coverage optimism score of -1.6 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View the latest news aboutKennametal.

Are investors shorting Kennametal?

Kennametal saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,430,000 shares, an increase of 34.7% from the April 30th total of 3,290,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 3.7 days. Approximately 5.5% of the company's stock are sold short. View Kennametal's Current Options Chain.

Who are some of Kennametal's key competitors?

Some companies that are related to Kennametal include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Xylem (XYL), Ingersoll-Rand (IR), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include Canadian Natural Resources (CNQ), Ford Motor (F), Intel (INTC), Las Vegas Sands (LVS), QUALCOMM (QCOM), AT&T (T), AbbVie (ABBV), Broadcom (AVGO), Alibaba Group (BABA) and Gilead Sciences (GILD).

Who are Kennametal's key executives?

Kennametal's management team includes the following people:

Mr. Christopher Rossi, Pres, CEO & Director (Age 55)
Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 43)
Mr. Peter A. Dragich, VP & Pres of the Industrial Bus. Segment (Age 56)
Mr. Ronald L. Port, VP & Pres of the Infrastructure Bus. Segment (Age 53)
Mr. Damon J. Audia, VP & CFO (Age 48)

What is Kennametal's stock symbol?

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

Who are Kennametal's major shareholders?

Kennametal's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.40%), Wellington Management Group LLP (9.81%), Invesco Ltd. (4.47%), Alliancebernstein L.P. (4.31%), State Street Corp (3.14%) and ArrowMark Colorado Holdings LLC (3.11%). Company insiders that own Kennametal stock include Cindy L Davis, Gaalen Jan Kees Van, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Patrick S Watson, Peter A Dragich and Ronald L Port. 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 Janus Henderson Group PLC, Franklin Resources Inc., Thrivent Financial for Lutherans, BlackRock Inc., Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., and Morgan Stanley. Company insiders that have sold Kennametal company stock in the last year include Cindy L Davis, Lawrence W Stranghoener, Michelle R Keating, and Ronald L Port. View insider buying and selling activity for Kennametal.

Which institutional investors are buying Kennametal stock?

KMT stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, ArrowMark Colorado Holdings LLC, Deprince Race & Zollo Inc., Alliancebernstein L.P., Fuller & Thaler Asset Management Inc., Jennison Associates LLC, Channing Capital Management LLC, and Russell Investments Group Ltd.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Kennametal's stock price today?

One share of KMT stock can currently be purchased for approximately $27.74.

How big of a company is Kennametal?

Kennametal has a market capitalization of $2.30 billion and generates $2.38 billion in revenue each year. The industrial products company earns $241.93 million in net income (profit) each year or $3.02 on an earnings per share basis. Kennametal employs 10,400 workers across the globe.

What is Kennametal's official website?

The official website for Kennametal is www.kennametal.com.

How can I contact Kennametal?

Kennametal's mailing address is 525 WILLIAM PENN PLACE SUITE 3300, PITTSBURGH PA, 15219. The industrial products company can be reached via phone at 412-248-8000.

This page was last updated on 5/31/2020 by MarketBeat.com Staff