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
Stock Exchange NYSE
Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:KMT
CUSIP48917010
Phone412-248-8000
Debt
Debt-to-Equity Ratio0.48
Current Ratio1.74
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio14.64
Forward P/E Ratio12.36
P/E Growth2.47
Sales & Book Value
Annual Sales$2.37 billion
Price / Sales1.34
Cash Flow$2.8656 per share
Price / Cash13.54
Book Value$15.07 per share
Price / Book2.57
Profitability
EPS (Most Recent Fiscal Year)$2.65
Net Income$200.18 million
Net Margins8.45%
Return on Equity18.60%
Return on Assets8.42%
Miscellaneous
Employees10,700
Outstanding Shares81,630,000
Market Cap$3.17 billion
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 Monday, August 6th. Shareholders of record on Thursday, August 16th will be given a dividend of $0.20 per share on Tuesday, August 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 15th. View Kennametal's Dividend History.
How were Kennametal's earnings last quarter?
Kennametal Inc. (NYSE:KMT) posted its earnings results on Monday, August, 6th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.07. The industrial products company earned $646.11 million during the quarter, compared to analysts' expectations of $631.48 million. Kennametal had a return on equity of 18.60% and a net margin of 8.45%. Kennametal's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.56 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 FY19 earnings guidance on Monday, August, 6th. The company provided earnings per share guidance of $2.90-3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.05. The company issued revenue guidance of $2.486-2.557 billion, compared to the consensus revenue estimate of $2.49 billion.
What price target have analysts set for KMT?
10 Wall Street analysts have issued 12 month price objectives for Kennametal's shares. Their predictions range from $44.00 to $60.00. On average, they anticipate Kennametal's stock price to reach $49.60 in the next year. This suggests a possible upside of 27.8% from the stock's current price. View Analyst Price Targets for Kennametal.
What is the consensus analysts' recommendation for Kennametal?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, "We believe that Kennametal is poised to gain in the future from its diversified customer base, international operations, favorable pricing and three initiatives, including growth, modernization and simplification. In second-quarter 2018, the company's earnings and revenues surpassed the Zacks Consensus Estimate by 6.1% and 2% respectively. For fiscal 2019, the company predicts adjusted earnings per share to be within $2.90-$3.20, higher than $2.65 recorded in fiscal 2018. However, the company is facing issues with higher raw material costs, with cost of goods sold increasing 7.2% in the fourth quarter of fiscal 2018. Also, the company predicts organic revenues to grow within 5-8% in fiscal 2019, down compared with 12% growth recorded in fiscal 2018. Foreign currency translations are believed to adversely impact top-line results in the year. In the past three months, the company's shares have underperformed the industry." (8/9/2018)
- 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 Dover (DOV), Amcor Limited ADS common stock (AMCRY), TORAY INDUSTRIE/ADR (TRYIY), Norsk Hydro ASA (NHYDY), IDEX (IEX), BRAMBLES Ltd/S (BXBLY), Packaging Corp Of America (PKG), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), A. O. Smith (AOS), Avery Dennison (AVY), ASAHI GLASS/ADR (ASGLY), AB SKF (SKFRY), Zebra Technologies (ZBRA) and Alcoa (AA).
Who are Kennametal's key executives?
Kennametal's management team includes the folowing people:
- Mr. Johannes Cornelius Maria van Gaalen, VP & CFO (Age 61)
- Mr. Robert J. Clemens Ph.D., VP & CTO (Age 61)
- Mr. Ronald M. DeFeo, Exec. Director (Age 66)
- 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?
News articles about KMT stock have trended somewhat negative this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kennametal earned a daily sentiment score of -0.11 on Accern's scale. They also gave news headlines about the industrial products company an impact score of 46.52 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Kennametal.
Who are Kennametal's major shareholders?
Kennametal's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.21%), Ariel Investments LLC (6.69%), Janus Henderson Group PLC (3.64%), Dimensional Fund Advisors LP (2.68%), Fuller & Thaler Asset Management Inc. (2.60%) and Victory Capital Management Inc. (2.43%). 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 major investors are selling Kennametal stock?
KMT stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., OppenheimerFunds Inc., Great West Life Assurance Co. Can, Bank of New York Mellon Corp, Emerald Advisers Inc. PA, Victory Capital Management Inc., Emerald Mutual Fund Advisers Trust and Community Trust & Investment Co.. 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 major investors are buying Kennametal stock?
KMT stock was bought by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Eagle Asset Management Inc., Carillon Tower Advisers Inc., Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, BlackRock Inc. and Ariel Investments LLC. 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 $38.80.
How big of a company is Kennametal?
Kennametal has a market capitalization of $3.17 billion and generates $2.37 billion in revenue each year. The industrial products company earns $200.18 million in net income (profit) each year or $2.65 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 (NYSE 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.
