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NYSE:KMTKennametal Stock Price, Forecast & News

$29.06
-0.03 (-0.10 %)
(As of 06/4/2020 04:00 PM ET)
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Compare
Today's Range
$28.48
Now: $29.06
$29.30
50-Day Range
$21.36
MA: $24.32
$29.43
52-Week Range
$14.45
Now: $29.06
$38.73
Volume64,572 shs
Average Volume743,136 shs
Market Capitalization$2.41 billion
P/E Ratio37.26
Dividend Yield2.80%
Beta2.37
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: 1.1Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 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$2.38 billion
Cash Flow$4.50 per share
Book Value$16.68 per share

Profitability

Net Income$241.93 million

Miscellaneous

Employees10,400
Market Cap$2.41 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Kennametal (NYSE:KMT) Frequently Asked Questions

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

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. Since then, KMT stock has increased by 44.4% and is now trading at $29.06. View which stocks have been most impacted by Coronavirus.

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 2 sell ratings, 2 hold ratings and 4 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, August 3rd 2020. View our earnings forecast for Kennametal.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) released its quarterly earnings results on Monday, May, 4th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.14. The industrial products company had revenue of $483.10 million for the quarter, compared to analyst estimates of $503.23 million. Kennametal had a net margin of 3.10% and a return on equity of 10.16%. Kennametal's revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. View Kennametal's earnings history.

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

Kennametal announced a quarterly dividend on Monday, May 4th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.20 per share on Wednesday, May 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, May 11th. View Kennametal's dividend history.

What price target have analysts set for KMT?

8 equities research analysts have issued 12-month target prices for Kennametal's shares. Their forecasts range from $25.00 to $40.00. On average, they expect Kennametal's share price to reach $30.29 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price. View analysts' price targets for Kennametal.

Has Kennametal been receiving favorable news coverage?

Press coverage about KMT stock has been trending somewhat negative on Thursday, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kennametal earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutKennametal.

Are investors shorting Kennametal?

Kennametal saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,430,000 shares, an increase of 34.7% from the April 30th total of 3,290,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 5.5% of the company's shares are sold short. View Kennametal's Current Options Chain.

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 Canadian Natural Resources (CNQ), Ford Motor (F), Intel (INTC), Las Vegas Sands (LVS), QUALCOMM (QCOM), AT&T (T), AbbVie (ABBV), Broadcom (AVGO), Alibaba Group (BABA) and Gilead Sciences (GILD).

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.40%), Wellington Management Group LLP (9.81%), Invesco Ltd. (4.47%), Alliancebernstein L.P. (4.31%), State Street Corp (3.14%) and ArrowMark Colorado Holdings LLC (3.11%). Company insiders that own Kennametal stock include Cindy L Davis, Gaalen Jan Kees Van, 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 Janus Henderson Group PLC, Franklin Resources Inc., Thrivent Financial for Lutherans, BlackRock Inc., Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., and Morgan Stanley. Company insiders that have sold Kennametal company stock in the last year include Cindy L Davis, 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 purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, ArrowMark Colorado Holdings LLC, Deprince Race & Zollo Inc., Alliancebernstein L.P., Fuller & Thaler Asset Management Inc., Jennison Associates LLC, Channing Capital Management LLC, and Russell Investments Group Ltd.. 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 $29.06.

How big of a company is Kennametal?

Kennametal has a market capitalization of $2.41 billion and generates $2.38 billion in revenue each year. The industrial products company earns $241.93 million in net income (profit) each year or $3.02 on an earnings per share basis. Kennametal employs 10,400 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 6/4/2020 by MarketBeat.com Staff

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