Kennametal - KMT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. 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 equities research analysts have issued 12-month price objectives for Kennametal's shares. Their KMT share price forecasts range from $19.00 to $35.00. On average, they expect the company's stock price to reach $26.71 in the next twelve months. This suggests that the stock has a possible downside of 3.1%.
View analysts price targets for KMT or view top-rated stocks among Wall Street analysts.

Kennametal's stock was trading at $24.06 on January 1st, 2023. Since then, KMT stock has increased by 14.6% and is now trading at $27.58.
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Kennametal saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,960,000 shares, an increase of 17.2% from the February 28th total of 3,380,000 shares. Based on an average daily volume of 916,300 shares, the short-interest ratio is currently 4.3 days. Currently, 5.2% of the company's shares are sold short.
View Kennametal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our KMT earnings forecast.

Kennametal Inc. (NYSE:KMT) posted its earnings results on Monday, February, 6th. The industrial products company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The industrial products company earned $497 million during the quarter, compared to analysts' expectations of $491.88 million. Kennametal had a net margin of 6.25% and a trailing twelve-month return on equity of 10.26%. The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS.

Kennametal declared a quarterly dividend on Monday, February 6th. Stockholders of record on Tuesday, February 14th will be paid a dividend of $0.20 per share on Tuesday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for KMT.

ETFs with the largest weight of Kennametal (NYSE:KMT) stock in their portfolio include Schwab Ariel ESG ETF (SAEF), Pacer US Export Leaders ETF (PEXL), 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), iShares S&P Small-Cap 600 Value ETF (IJS), First Trust Small Cap Value AlphaDEX Fund (FYT) and Avantis U.S. Small Cap Value ETF (AVUV).

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.02%. The dividend payout ratio is 52.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 47.06% 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 has authorized a share repurchase plan on Monday, August 2nd 2021, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

Kennametal issued an update on its third quarter 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520.00 million-$540.00 million, compared to the consensus revenue estimate of $510.46 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 number of institutional and retail investors. Top institutional shareholders include Ariel Investments LLC (12.87%), Burgundy Asset Management Ltd. (5.57%), Dimensional Fund Advisors LP (5.22%), Victory Capital Management Inc. (4.03%), Victory Capital Management Inc. (4.03%) and Victory Capital Management Inc. (3.97%). 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.
View institutional ownership trends.

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 $27.58.

Kennametal (NYSE:KMT) has a market capitalization of $2.22 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 $1.53 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.