Kennametal - KMT Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 3 sell ratings, 5 hold ratings and 1 buy rating 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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9 Wall Street research analysts have issued 1-year price targets for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $45.00. On average, they predict the company's share price to reach $28.56 in the next twelve months. This suggests a possible upside of 4.7% from the stock's current price.
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Kennametal's stock was trading at $35.91 at the beginning of 2022. Since then, KMT stock has decreased by 24.1% and is now trading at $27.27.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Kennametal Inc. (NYSE:KMT) posted its earnings results on Monday, August, 1st. The industrial products company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.07. The industrial products company had revenue of $530.02 million for the quarter, compared to analysts' expectations of $516.09 million. Kennametal had a trailing twelve-month return on equity of 11.10% and a net margin of 7.19%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS.

Kennametal announced a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Tuesday, August 9th will be given a dividend of $0.20 per share on Tuesday, August 23rd. This represents a $0.80 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Monday, August 8th.
Read our dividend analysis for KMT.

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.90%. The dividend payout ratio is 46.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 37.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

Kennametal announced that its Board of Directors has initiated a stock repurchase plan 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 reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Kennametal issued an update on its first quarter 2023 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.00 million-$500.00 million, compared to the consensus revenue estimate of $485.44 million.

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 many different retail and institutional investors. Top institutional shareholders include Burgundy Asset Management Ltd. (5.61%), Tinicum Inc (4.11%), FMR LLC (3.90%), Victory Capital Management Inc. (3.55%), Franklin Resources Inc. (1.69%) and Northern Trust Corp (1.40%). Insiders that own company stock include Cindy L Davis, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Ronald L Port and William M Lambert.
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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 $27.27.

Kennametal (NYSE:KMT) has a market capitalization of $2.25 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 $1.72 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.