Kennametal Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Kennametal stock. 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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Wall Street analysts have given Kennametal a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Kennametal wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Kennametal is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Kennametal.

Kennametal will be holding an earnings conference call on Tuesday, August 3rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings data on Sunday, May, 2nd. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The industrial products company earned $484.66 million during the quarter, compared to the consensus estimate of $471.43 million. Kennametal had a trailing twelve-month return on equity of 4.30% and a net margin of 0.60%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share.
View Kennametal's earnings history.

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 75.0% and is now trading at $35.23.
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Kennametal announced a quarterly dividend on Monday, May 3rd. Shareholders of record on Tuesday, May 11th will be paid a dividend of $0.20 per share on Tuesday, May 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, May 10th.
View Kennametal's dividend history.

Kennametal pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.27%. Kennametal does not yet have a strong track record of dividend growth. The dividend payout ratio of Kennametal is 85.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Kennametal will have a dividend payout ratio of 45.71% next year. This indicates that Kennametal will be able to sustain or increase its dividend.
View Kennametal's dividend history.

7 analysts have issued 1 year price objectives for Kennametal's shares. Their forecasts range from $22.00 to $48.00. On average, they expect Kennametal's share price to reach $35.83 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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15 employees have rated Kennametal CEO Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among Kennametal's employees.

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

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 institutional and retail investors. Top institutional investors include Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%) and Pflug Koory LLC (0.01%). Company insiders that own Kennametal stock include Cindy L Davis, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating and Ronald L Port.
View institutional ownership trends for Kennametal.

KMT stock was purchased by a variety of institutional investors in the last quarter, including Pflug Koory LLC, New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Kennametal or or view top insider-buying stocks.

Shares of KMT 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 $35.23.

Kennametal has a market capitalization of $2.95 billion and generates $1.89 billion in revenue each year. The industrial products company earns $-5,660,000.00 in net income (profit) each year or $0.94 on an earnings per share basis.

Kennametal employs 9,000 workers across the globe.

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

Kennametal is headquartered at 525 WILLIAM PENN PLACE SUITE 3300, PITTSBURGH PA, 15219.

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 or via email at [email protected]