NYSE:KMT Kennametal (KMT) Stock Forecast, Price & News $27.45 +1.99 (+7.82%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$25.95▼$27.4850-Day Range$24.83▼$27.9152-Week Range$20.21▼$30.60Volume914,032 shsAverage Volume891,811 shsMarket Capitalization$2.20 billionP/E Ratio18.30Dividend Yield2.91%Price Target$26.81 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Kennametal MarketRank™ ForecastAnalyst RatingHold1.50 Rating ScoreUpside/Downside2.3% Downside$26.81 Price TargetShort InterestBearish7.77% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.24Based on 3 Articles This WeekInsider TradingSelling Shares$23,688 Sold Last QuarterProj. Earnings Growth19.88%From $1.61 to $1.93 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.66 out of 5 starsIndustrial Products Sector152nd out of 178 stocksMachine Tools, Metal Cutting Type Industry1st out of 1 stocks 0.8 Analyst's Opinion Consensus RatingKennametal has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 3 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.81, Kennametal has a forecasted downside of 2.3% from its current price of $27.45.Amount of Analyst CoverageKennametal has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.77% of the float of Kennametal has been sold short.Short Interest Ratio / Days to CoverKennametal has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Kennametal has recently decreased by 4.37%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldKennametal pays a meaningful dividend of 3.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthKennametal does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Kennametal is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Kennametal will have a dividend payout ratio of 41.45% next year. This indicates that Kennametal will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for KMT. Previous Next 2.4 News and Social Media Coverage News SentimentKennametal has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Kennametal this week, compared to 3 articles on an average week. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Kennametal insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $23,688.00 in company stock.Percentage Held by InsidersOnly 1.61% of the stock of Kennametal is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Kennametal are expected to grow by 19.88% in the coming year, from $1.61 to $1.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Kennametal is 18.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Kennametal is 18.30, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.81.Price to Earnings Growth RatioKennametal has a PEG Ratio of 3.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioKennametal has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Kennametal (NYSE:KMT) StockKennametal, Inc. engages in the development and application of tungsten carbides, ceramics, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy and transportation. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.Read More Receive KMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Kennametal and its competitors with MarketBeat's FREE daily newsletter. Email Address KMT Stock News HeadlinesMay 31, 2023 | finance.yahoo.comLockheed Martin to Feature Kennametal Tools in Machining GuideMay 22, 2023 | finance.yahoo.comKennametal to Attend the UBS Global Industrials and Transportation Conference 2023June 3, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 21, 2023 | americanbankingnews.comKennametal Inc. (NYSE:KMT) Receives $26.81 Consensus Price Target from BrokeragesMay 20, 2023 | finance.yahoo.comAre Poor Financial Prospects Dragging Down Kennametal Inc. (NYSE:KMT Stock?May 17, 2023 | americanbankingnews.comKennametal (NYSE:KMT) PT Raised to $27.50 at BMO Capital MarketsMay 16, 2023 | msn.comBMO Capital Maintains Kennametal (KMT) Market Perform RecommendationMay 14, 2023 | americanbankingnews.comKennametal Inc. (NYSE:KMT) Short Interest UpdateJune 3, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 10, 2023 | finance.yahoo.comKennametal to Attend the KeyBanc Industrials & Basic Materials ConferenceMay 8, 2023 | finance.yahoo.comWill Kennametal (KMT) Gain on Rising Earnings Estimates?May 6, 2023 | finance.yahoo.comKennametal (NYSE:KMT) Has Announced A Dividend Of $0.20May 6, 2023 | americanbankingnews.comBrokers Issue Forecasts for Kennametal Inc.'s FY2023 Earnings (NYSE:KMT)May 5, 2023 | finance.yahoo.comKennametal (KMT) Upgraded to Strong Buy: Here's What You Should KnowMay 2, 2023 | seekingalpha.comKennametal Inc. 2023 Q3 - Results - Earnings Call PresentationMay 2, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of Kennametal Inc. (NYSE:KMT)May 2, 2023 | americanbankingnews.comKennametal (NYSE:KMT) Releases Earnings ResultsMay 1, 2023 | finance.yahoo.comKennametal (KMT) Q3 Earnings and Revenues Beat EstimatesMay 1, 2023 | finance.yahoo.comCompared to Estimates, Kennametal (KMT) Q3 Earnings: A Look at Key MetricsMay 1, 2023 | finance.yahoo.comKennametal Announces Fiscal 2023 Third Quarter ResultsMay 1, 2023 | markets.businessinsider.comKennametal earnings: here's what Wall Street expectsApril 30, 2023 | americanbankingnews.comKennametal (KMT) Scheduled to Post Quarterly Earnings on MondayApril 28, 2023 | americanbankingnews.comKennametal Inc. (NYSE:KMT) Receives Consensus Recommendation of "Hold" from AnalystsApril 19, 2023 | finance.yahoo.comKennametal to Attend Goldman Sachs Industrials and Materials ConferenceApril 17, 2023 | thestreet.comKennametal Reaches New 52-Week High (KMT)April 10, 2023 | finance.yahoo.comKennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2023 ResultsApril 3, 2023 | finance.yahoo.comInsiders rewarded with a US$50k addition on top of their US$962k purchase as Kennametal Inc. (NYSE:KMT) hits US$2.2bSee More Headlines KMT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart KMT Company Calendar Last Earnings5/01/2023Ex-Dividend for 5/23 Dividend5/08/2023Dividend Payable5/23/2023Today6/02/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/07/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Machine tools, metal cutting type Sub-IndustryIndustrial Machinery SectorIndustrial Products Current SymbolNYSE:KMT CUSIP48917010 CIK55242 Webwww.kennametal.com Phone(412) 248-8000Fax724-539-5750Employees8,600Year FoundedN/APrice Target and Rating Average Stock Price Forecast$26.81 High Stock Price Forecast$35.00 Low Stock Price Forecast$19.00 Forecasted Upside/Downside-2.3%Consensus RatingHold Rating Score (0-4)1.50 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$1.50 Trailing P/E Ratio18.30 Forward P/E Ratio17.05 P/E Growth3.09Net Income$144.62 million Net Margins6.01% Pretax Margin8.35% Return on Equity9.79% Return on Assets4.90% Debt Debt-to-Equity Ratio0.45 Current Ratio2.21 Quick Ratio0.99 Sales & Book Value Annual Sales$2.01 billion Price / Sales1.10 Cash Flow$3.74 per share Price / Cash Flow7.33 Book Value$16.40 per share Price / Book1.67Miscellaneous Outstanding Shares80,280,000Free Float78,983,000Market Cap$2.20 billion OptionableOptionable Beta1.88 Key ExecutivesChristopher RossiPresident, CEO & Non-Independent DirectorPatrick S. WatsonChief Financial Officer & Vice PresidentCarlonda R. ReillyChief Technology Officer & Vice PresidentJudith L. BacchusChief Administrative Officer & Vice PresidentMichelle Ruth KeatingSecretary, Vice President & General CounselKey CompetitorsAlamo GroupNYSE:ALGBarnes GroupNYSE:BLegalZoom.comNASDAQ:LZEnPro IndustriesNYSE:NPOMueller Water ProductsNYSE:MWAView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 7,856 shares on 6/1/2023Ownership: 0.010%ProShare Advisors LLCSold 3,657 shares on 5/26/2023Ownership: 0.015%Legato Capital Management LLCBought 6,296 shares on 5/25/2023Ownership: 0.028%Ameriprise Financial Inc.Bought 198,801 shares on 5/22/2023Ownership: 0.377%JPMorgan Chase & Co.Bought 7,131 shares on 5/18/2023Ownership: 0.241%View All Insider TransactionsView All Institutional Transactions KMT Stock - Frequently Asked Questions Should I buy or sell Kennametal stock right now? 6 Wall Street 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 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 12 month target prices for Kennametal's stock. Their KMT share price forecasts range from $19.00 to $35.00. On average, they anticipate the company's stock price to reach $26.81 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View analysts price targets for KMT or view top-rated stocks among Wall Street analysts. How have KMT shares performed in 2023? Kennametal's stock was trading at $24.06 at the beginning of the year. Since then, KMT shares have increased by 14.1% and is now trading at $27.45. View the best growth stocks for 2023 here. Are investors shorting Kennametal? Kennametal saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,180,000 shares, an increase of 46.4% from the April 15th total of 4,220,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is presently 5.9 days. Approximately 8.1% 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, August 7th 2023. View our KMT earnings forecast. How were Kennametal's earnings last quarter? Kennametal Inc. (NYSE:KMT) announced its earnings results on Monday, May, 1st. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The industrial products company earned $536.04 million during the quarter, compared to the consensus estimate of $530.40 million. Kennametal had a trailing twelve-month return on equity of 9.79% and a net margin of 6.01%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 earnings per share. How often does Kennametal pay dividends? What is the dividend yield for Kennametal? Kennametal announced a quarterly dividend on Monday, May 1st. Stockholders of record on Tuesday, May 9th will be given a dividend of $0.20 per share on Tuesday, May 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Monday, May 8th. Read our dividend analysis for KMT. What ETFs hold Kennametal's stock? ETFs with the largest weight of Kennametal (NYSE:KMT) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Schwab Ariel ESG ETF (SAEF), Invesco S&P SmallCap Industrials ETF (PSCI), Qraft AI-Enhanced Next Value ETF (NVQ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Active Factor Mid Cap ETF (AFMC) and Vanguard S&P Small-Cap 600 Value Index Fund (VIOV). 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 3.21%. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 41.45% 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 declared that its board has authorized a stock repurchase program on Monday, August 2nd 2021, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its stock is undervalued. What guidance has Kennametal issued on next quarter's earnings? Kennametal updated its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share guidance of $1.50-$1.70 for the period, compared to the consensus earnings per share estimate of $1.43. The company issued revenue guidance of $2.07 billion-$2.10 billion, compared to the consensus revenue estimate of $2.07 billion. 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.00%), Wellington Management Group LLP (7.61%), Dimensional Fund Advisors LP (5.69%), Burgundy Asset Management Ltd. (5.60%), Victory Capital Management Inc. (4.08%) and FMR LLC (3.88%). Insiders that own company stock include Cindy L Davis, John Wayne Witt, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, 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 $27.45. How much money does Kennametal make? Kennametal (NYSE:KMT) has a market capitalization of $2.20 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 $1.50 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Kennametal Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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