Kennametal - KMT Stock Forecast, Price & News

6 Wall Street equities research 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 equities research 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.
View KMT analyst ratings or view top-rated stocks.

6 brokers have issued twelve-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 $25.00 in the next year. This suggests that the stock has a possible downside of 9.5%.
View analysts price targets for KMT or view top-rated stocks among Wall Street analysts.

Kennametal's stock was trading at $24.06 on January 1st, 2023. Since then, KMT stock has increased by 14.8% and is now trading at $27.63.
View the best growth stocks for 2023 here.

Kennametal saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 4,270,000 shares, an increase of 8.7% from the December 15th total of 3,930,000 shares. Based on an average daily volume of 721,600 shares, the short-interest ratio is presently 5.9 days. Currently, 5.6% 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, February 6th 2023.
View our KMT earnings forecast.

Kennametal will be holding an earnings conference call on Tuesday, February 7th 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 results on Monday, October, 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.03. The industrial products company had revenue of $494.79 million for the quarter, compared to analysts' expectations of $488.06 million. Kennametal had a trailing twelve-month return on equity of 10.69% and a net margin of 6.75%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share.

Kennametal declared a quarterly dividend on Monday, October 31st. Shareholders of record on Tuesday, November 8th will be given a dividend of $0.20 per share on Tuesday, November 22nd. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date is Monday, November 7th.
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 2.91%. The dividend payout ratio is 49.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 46.24% 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 share buyback program on Monday, August 2nd 2021, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 6.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.

Kennametal updated its second quarter 2023 earnings guidance on Monday, November, 7th. 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 $492.23 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 a variety of retail and institutional investors. Top institutional shareholders include Comerica Bank (0.07%), Yousif Capital Management LLC (0.05%), SummerHaven Investment Management LLC (0.04%) and State of Alaska Department of Revenue (0.01%). Insiders that own company stock include Cindy L Davis, John Wayne Witt, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, 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.
Compare Top Brokerages Here.

One share of KMT stock can currently be purchased for approximately $27.63.

Kennametal (NYSE:KMT) has a market capitalization of $2.23 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 $1.63 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.