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NYSE:KMT

Kennametal Stock Forecast, Price & News

$28.47
-1.22 (-4.11 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$28.43
Now: $28.47
$30.05
50-Day Range
$26.02
MA: $30.23
$33.43
52-Week Range
$14.45
Now: $28.47
$38.73
Volume552,694 shs
Average Volume921,627 shs
Market Capitalization$2.37 billion
P/E RatioN/A
Dividend Yield2.69%
Beta2.36
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. The company operates through three segments: Industrial, Widia, and Infrastructure. Its 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. The company 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 comprising coal mining, road construction, quarrying, oil and gas exploration, refining, production, and supply. In addition, it offers specified product design, selection, application, and support services. The company 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. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
CUSIP48917010
Phone412-248-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.89 billion
Cash Flow$2.19 per share
Book Value$15.30 per share

Profitability

Net Income$-5,660,000.00

Miscellaneous

Employees9,000
Market Cap$2.37 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$28.47
-1.22 (-4.11 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Kennametal (NYSE:KMT) Frequently Asked Questions

How has Kennametal's stock price been impacted by Coronavirus (COVID-19)?

Kennametal's stock was trading at $20.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, KMT shares have increased by 41.4% and is now trading at $28.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Kennametal?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Kennametal
.

When is Kennametal's next earnings date?

Kennametal is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Kennametal
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) released its quarterly earnings data on Monday, August, 3rd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The industrial products company earned $379.05 million during the quarter, compared to the consensus estimate of $398.03 million. Kennametal had a positive return on equity of 6.01% and a negative net margin of 0.30%. The firm's revenue for the quarter was down 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS.
View Kennametal's earnings history
.

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

Kennametal declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.20 per share on Tuesday, August 25th. This represents a $0.80 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, August 10th.
View Kennametal's dividend history
.

What price target have analysts set for KMT?

8 brokers have issued 12-month price objectives for Kennametal's stock. Their forecasts range from $22.00 to $40.00. On average, they anticipate Kennametal's share price to reach $32.29 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts' price targets for Kennametal
.

Who are some of Kennametal's key competitors?

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kennametal investors own include QUALCOMM (QCOM), Gilead Sciences (GILD), Intel (INTC), AT&T (T), AbbVie (ABBV), Broadcom (AVGO), BioMarin Pharmaceutical (BMRN), Canadian Natural Resources (CNQ), Ford Motor (F) and General Motors (GM).

Who are Kennametal's key executives?

Kennametal's management team includes the following people:
  • Mr. Christopher Rossi, Pres, CEO & Director (Age 55)
  • Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 43)
  • Mr. Peter A. Dragich, VP & Pres of the Industrial Bus. Segment (Age 56)
  • Mr. Ronald L. Port, VP & Pres of the Infrastructure Bus. Segment (Age 53)
  • Mr. Damon J. Audia, VP & CFO (Age 48)

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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.54%), Tinicum Inc (4.81%), Nuveen Asset Management LLC (3.38%), Victory Capital Management Inc. (2.43%), Goldman Sachs Group Inc. (2.32%) and Bank of New York Mellon Corp (2.13%). Company insiders that own Kennametal stock include Cindy L Davis, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Patrick S Watson, Peter A Dragich and Ronald L Port.
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 ArrowMark Colorado Holdings LLC, Goldman Sachs Group Inc., Prudential PLC, Vanguard Group Inc., Foundry Partners LLC, Russell Investments Group Ltd., Cubist Systematic Strategies LLC, and Gamco Investors INC. ET AL. Company insiders that have sold Kennametal company stock in the last year include Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, and Ronald L Port.
View insider buying and selling activity for Kennametal
.

Which major investors are buying Kennametal stock?

KMT stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Victory Capital Management Inc., Balyasny Asset Management LLC, Mesirow Financial Investment Management Equity Management, Tinicum Inc, AQR Capital Management LLC, Principal Financial Group Inc., and Principal Financial Group Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Kennametal's stock price today?

One share of KMT stock can currently be purchased for approximately $28.47.

How big of a company is Kennametal?

Kennametal has a market capitalization of $2.37 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.

What is Kennametal's official website?

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

How can I contact Kennametal?

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.

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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