Kennametal (KMT) Stock Forecast, Price & News

6 Wall Street 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 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 analysts have issued 12 month target prices for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $35.00. On average, they anticipate the company's stock price to reach $26.81 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
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 the year. Since then, KMT shares have increased by 14.1% and is now trading at $27.45.
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Kennametal saw a increase in short interest during 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 presently 5.9 days. Approximately 8.1% of the shares of the company 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) announced its earnings results on Monday, May, 1st. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The industrial products company earned $536.04 million during the quarter, compared to the consensus estimate of $530.40 million. Kennametal had a trailing twelve-month return on equity of 9.79% and a net margin of 6.01%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $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 dividend on an annualized basis and a yield of 2.91%. 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 Index Fund (VIOV).

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.21%. 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 has authorized a stock repurchase program on Monday, August 2nd 2021, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management 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 variety of retail and institutional investors. Top institutional shareholders 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 $27.45.

Kennametal (NYSE:KMT) has a market capitalization of $2.20 billion and generates $2.01 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.