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.
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6 analysts have issued twelve-month price targets for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $35.00. On average, they expect the company's stock price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 13.6%.
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Kennametal's stock was trading at $24.06 on January 1st, 2023. Since then, KMT shares have increased by 20.2% and is now trading at $28.93.
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Kennametal saw a increase in short interest in 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. Approximately 5.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
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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 Sunday, October, 31st. The industrial products company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The industrial products company had revenue of $483.51 million for the quarter, compared to the consensus estimate of $487.30 million. Kennametal had a net margin of 6.75% and a trailing twelve-month return on equity of 10.69%. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share.

Kennametal declared a quarterly dividend on Monday, October 31st. Stockholders 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 yield of 2.77%. The ex-dividend date of this dividend 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 2.81%. 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 46.51% 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 approved a stock repurchase program on Monday, August 2nd 2021, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Kennametal issued an update on its second quarter 2023 earnings guidance on Monday, November, 7th. The company provided 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 New York State Teachers Retirement System (0.16%), Foundry Partners LLC (0.13%), State of New Jersey Common Pension Fund D (0.11%), Comerica Bank (0.07%), Yousif Capital Management LLC (0.05%) and SummerHaven Investment Management LLC (0.04%). 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.
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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.
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One share of KMT stock can currently be purchased for approximately $28.93.

Kennametal (NYSE:KMT) has a market capitalization of $2.33 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.