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S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
The 3-Stock Retirement Blueprint (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
The 3-Stock Retirement Blueprint (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
The 3-Stock Retirement Blueprint (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
The 3-Stock Retirement Blueprint (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
S&P 500   3,957.63
DOW   33,852.53
QQQ   280.57
Three Reasons It’s Time To Get Bullish On Organigram
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
The AP Interview: IMF head urges China to end mass lockdowns
Survivor of Virginia Walmart mass shooting files $50M suit
The 3-Stock Retirement Blueprint (Ad)
Can I Apply for Supplemental Security Income Online?
US stocks edge lower in unsteady trading, oil prices rise
The 3-Stock Retirement Blueprint (Ad)
Why Investors Are Eating Up Restaurant Brands International
Opportunity Strikes! Hibbett, Inc Falls Flat On Strong Results
NYSE:KMT

Kennametal - KMT Stock Forecast, Price & News

$25.80
-0.02 (-0.08%)
(As of 11/29/2022 12:00 AM ET)
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Compare
Today's Range
$25.80
$26.14
50-Day Range
$20.55
$27.22
52-Week Range
$20.21
$38.36
Volume
588,115 shs
Average Volume
816,005 shs
Market Capitalization
$2.08 billion
P/E Ratio
15.83
Dividend Yield
3.10%
Price Target
$24.00

Kennametal MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
7.0% Downside
$24.00 Price Target
Short Interest
Healthy
5.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.39mentions of Kennametal in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.33%
From $1.50 to $1.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

Industrial Products Sector

157th out of 183 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

KMT stock logo

About Kennametal (NYSE:KMT) Stock

Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure. It offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the 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. The company also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. In addition, it produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. 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 distributors; integrated supplier channels; and through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.

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KMT Stock News Headlines

A Look At The Fair Value Of Kennametal Inc. (NYSE:KMT)
Kennametal Announces Fiscal 2023 First Quarter Results
Kennametal (KMT) Lags Q1 Earnings Estimates
Tool Steel Global Market Report 2022 - Yahoo Finance UK
Tool Steel Global Market Report 2022 - GlobeNewswire
See More Headlines
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KMT Company Calendar

Last Earnings
10/31/2022
Ex-Dividend for 11/22 Dividend
11/07/2022
Dividend Payable
11/22/2022
Today
11/30/2022
Next Earnings (Estimated)
2/06/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$24.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-7.0%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
6 Analysts

Profitability

Net Income
$144.62 million
Pretax Margin
9.68%

Debt

Sales & Book Value

Annual Sales
$2.01 billion
Cash Flow
$3.27 per share
Book Value
$15.63 per share

Miscellaneous

Free Float
79,279,000
Market Cap
$2.08 billion
Optionable
Optionable
Beta
1.92

Key Executives

  • Mr. Christopher Rossi (Age 58)
    Pres, CEO & Director
    Comp: $2.36M
  • Mr. Patrick S. Watson (Age 49)
    VP & CFO
    Comp: $394.77k
  • Ms. Judith L. BacchusMs. Judith L. Bacchus (Age 60)
    VP & Chief Admin. Officer
    Comp: $654.06k
  • Mr. Franklin Cardenas (Age 54)
    VP & Pres of Infrastructure Bus. Segment
    Comp: $810.53k
  • Mr. Sanjay K. Chowbey (Age 54)
    VP & Pres of Metal Cutting Bus. Segment
    Comp: $851.54k
  • Dr. Carlonda R. Reilly Ph.D. (Age 54)
    VP & CTO
  • Ms. Kelly Marie Boyer C.F.A. (Age 63)
    VP of Investor Relations
  • Ms. Michelle Ruth Keating (Age 46)
    VP, Sec. & Gen. Counsel
  • Lori Lecker
    VP of Corp. Relations & Communications
  • Mr. Nicholas Pflugh
    VP of Americas Inserts & Steel Manufacturing and Interim Chief Commercial Officer of Metal Cutting













KMT Stock - Frequently Asked Questions

Should I buy or sell Kennametal stock right now?

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.

What is Kennametal's stock price forecast for 2023?

6 analysts have issued twelve-month price objectives for Kennametal's shares. Their KMT share price forecasts range from $19.00 to $35.00. On average, they predict the company's stock price to reach $24.00 in the next twelve months. This suggests that the stock has a possible downside of 7.0%.
View analysts price targets for KMT
or view top-rated stocks among Wall Street analysts.

How have KMT shares performed in 2022?

Kennametal's stock was trading at $35.91 at the beginning of the year. Since then, KMT stock has decreased by 28.2% and is now trading at $25.80.
View the best growth stocks for 2022 here
.

Are investors shorting Kennametal?

Kennametal saw a decline in short interest in November. As of November 15th, there was short interest totaling 4,520,000 shares, a decline of 15.2% from the October 31st total of 5,330,000 shares. Based on an average trading volume of 821,300 shares, the days-to-cover ratio is presently 5.5 days. Approximately 5.9% of the shares of the company are sold short.
View Kennametal's Short Interest
.

When is Kennametal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our KMT earnings forecast
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings data on Monday, October, 31st. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.75% and a trailing twelve-month return on equity of 10.69%. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.44 earnings per share.

How often does Kennametal pay dividends? What is the dividend yield for Kennametal?

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 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, November 7th.
Read our dividend analysis for KMT
.

Is Kennametal a good dividend stock?

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.10%. 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 45.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

How will Kennametal's stock buyback program work?

Kennametal announced that its board has authorized a share buyback plan on Monday, August 2nd 2021, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.

What guidance has Kennametal issued on next quarter's earnings?

Kennametal updated its second quarter 2023 earnings guidance on Monday, November, 7th. The company provided earnings per share 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.

What is Christopher Rossi's approval rating as Kennametal's CEO?

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.

What other stocks do shareholders of Kennametal own?

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).

What is Kennametal's stock symbol?

Kennametal trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMT."

Who are Kennametal's major shareholders?

Kennametal's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.28%), Vanguard Group Inc. (10.14%), Burgundy Asset Management Ltd. (5.62%), Dimensional Fund Advisors LP (4.80%), Victory Capital Management Inc. (3.62%) and State Street Corp (3.28%). 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.
View institutional ownership trends
.

How do I buy shares of Kennametal?

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.

What is Kennametal's stock price today?

One share of KMT stock can currently be purchased for approximately $25.80.

How much money does Kennametal make?

Kennametal (NYSE:KMT) has a market capitalization of $2.08 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.

How many employees does Kennametal have?

The company employs 8,600 workers across the globe.

How can I contact Kennametal?

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.

This page (NYSE:KMT) was last updated on 11/30/2022 by MarketBeat.com Staff