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
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 Ratio24.63
Forward P/E Ratio14.40
P/E Growth2.9
Sales & Book Value
Annual Sales$2.06 billion
Price / Sales1.48
Cash Flow$2.8486 per share
Price / Cash13.14
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
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 given a dividend of $0.20 per share on Wednesday, May 30th. This represents a $0.80 annualized dividend and a 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) posted its quarterly earnings data on Wednesday, May, 2nd. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.02. The industrial products company earned $607.94 million during the quarter, compared to analyst estimates of $601.10 million. Kennametal had a return on equity of 17.01% and a net margin of 6.83%. Kennametal's revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 updated its FY18 earnings guidance on Wednesday, May, 2nd. The company provided earnings per share 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 equities research analysts have issued 1-year price objectives for Kennametal's shares. Their predictions range from $45.00 to $60.00. On average, they expect Kennametal's share price to reach $49.70 in the next twelve months. View Analyst Ratings for Kennametal.
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, "Month to date, Kennametal's shares have outperformed the industry. We believe that the company is poised to gain in the future from its diversified customer base, international operations, favorable pricing and three initiatives, including growth, modernization and simplification. For fiscal 2018, the company anticipates earnings per share of $2.55-$2.65. The mid-point of $2.60 of its projection is higher than $2.55 in the previous guidance. Organic sales growth is predicted to be at the top end of the prior projection of 9-11%. However, rising raw-material costs and high debt levels might be detrimental to the company's performance in the quarters ahead. Also, weakening cash position is concerning." (6/6/2018)
- 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 Amcor Limited ADS common stock (AMCRY), Dover (DOV), Packaging Corp Of America (PKG), IDEX (IEX), A. O. Smith (AOS), BRAMBLES Ltd/S (BXBLY), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), Avery Dennison (AVY), KION Grp AG/ADR (KIGRY), ASAHI GLASS/ADR (ASGLY), AB SKF (SKFRY), Alcoa (AA), Zebra Technologies (ZBRA) and Fortune Brands Home & Security (FBHS).
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?
Media coverage about KMT stock has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kennametal earned a media sentiment score of 0.07 on Accern's scale. They also gave headlines about the industrial products company an impact score of 45.67 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Kennametal's major shareholders?
Kennametal's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.85%), Victory Capital Management Inc. (2.60%), Dimensional Fund Advisors LP (2.54%), Northern Trust Corp (1.95%), Franklin Resources Inc. (1.65%) and American Century Companies Inc. (1.10%). 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 American Century Companies Inc., Franklin Resources Inc., Great West Life Assurance Co. Can, OppenheimerFunds Inc., Lord Abbett & CO. LLC, BNP Paribas Arbitrage SA, UBS Group AG and ClariVest Asset Management 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 Victory Capital Management Inc., BlackRock Inc., Northern Trust Corp, Royal Bank of Canada, Ceredex Value Advisors LLC, Federated Investors Inc. PA, Prudential Financial Inc. and Russell Investments Group Ltd.. 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 $37.43.
How big of a company is Kennametal?
Kennametal has a market capitalization of $3.07 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 (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.
