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NYSE:KMT

Kennametal Stock Forecast, Price & News

$36.27
+0.20 (+0.55 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$35.74
Now: $36.27
$36.40
50-Day Range
$27.85
MA: $32.98
$36.92
52-Week Range
$14.45
Now: $36.27
$38.73
Volume109,890 shs
Average Volume866,434 shs
Market Capitalization$3.02 billion
P/E RatioN/A
Dividend Yield2.22%
Beta2.25
Kennametal Inc. develops and applies tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. It operates through three segments: Industrial, Widia, and Infrastructure. The company offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the 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. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. In addition, the company produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It 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: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 out of 5 stars


Industry, Sector and Symbol

Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
CUSIP48917010
Phone412-248-8000
Employees9,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.89 billion
Cash Flow$3.12 per share
Book Value$15.21 per share

Profitability

Net Income$-5,660,000.00

Miscellaneous

Market Cap$3.02 billion
Next Earnings Date2/1/2021 (Estimated)
OptionableOptionable
$36.27
+0.20 (+0.55 %)
(As of 11/27/2020 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 been impacted by COVID-19?

Kennametal's stock was trading at $20.13 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KMT shares have increased by 80.2% and is now trading at $36.27.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Kennametal?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Kennametal
.

What stocks does MarketBeat like better than Kennametal?

Wall Street analysts have given Kennametal a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Kennametal wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Kennametal's next earnings date?

Kennametal is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Kennametal
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) announced its quarterly earnings data on Monday, November, 2nd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The industrial products company had revenue of $400.31 million for the quarter, compared to the consensus estimate of $384.29 million. Kennametal had a negative net margin of 1.91% and a positive return on equity of 5.19%. Kennametal's revenue was down 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 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, November 2nd. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.20 per share on Tuesday, November 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 9th.
View Kennametal's dividend history
.

What price target have analysts set for KMT?

6 equities research analysts have issued 12-month price objectives for Kennametal's shares. Their forecasts range from $22.00 to $38.00. On average, they expect Kennametal's share price to reach $31.71 in the next year. This suggests that the stock has a possible downside of 12.6%.
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 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).

Who are Kennametal's key executives?

Kennametal's management team includes the following people:
  • Mr. Christopher Rossi, Pres, CEO & Director (Age 56, Pay $973.82k)
  • Mr. Damon J. Audia, VP & Chief Financial Officer (Age 49, Pay $576.75k)
  • Ms. Judith L. Bacchus, VP & Chief Admin. Officer (Age 58, Pay $374.57k)
  • Mr. Peter A. Dragich, Exec. Officer (Age 57, Pay $486.82k)
  • Dr. Carlonda R. Reilly Ph.D., VP & Chief Technology Officer (Age 52)
  • Ms. Kelly M. Boyer, VP of Investor Relations
  • Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 44)
  • Mr. Franklin Cardenas, VP & Pres of Infrastructure Bus. Segment (Age 52)
  • Mr. Nicholas Pflugh, VP of Americas Inserts & Steel Manufacturing and Interim Chief Commercial Officer of Metal Cutting
  • Mr. Patrick S. Watson, VP of Fin. & Corp. Controller (Age 47)

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 investors include BlackRock Inc. (10.87%), State Street Corp (3.02%), Victory Capital Management Inc. (2.66%), Fuller & Thaler Asset Management Inc. (1.87%), ArrowMark Colorado Holdings LLC (1.87%) and Massachusetts Financial Services Co. MA (1.32%). Company insiders that own Kennametal stock include Cindy L Davis, Joseph Alvarado, 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 BlackRock Inc., Massachusetts Financial Services Co. MA, State Street Corp, SG Americas Securities LLC, Fuller & Thaler Asset Management Inc., Prudential PLC, Federated Hermes Inc., and ArrowMark Colorado Holdings LLC. 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 Fisher Asset Management LLC, Jennison Associates LLC, Victory Capital Management Inc., Shellback Capital LP, Arrowstreet Capital Limited Partnership, Lapides Asset Management LLC, Dean Investment Associates LLC, 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 $36.27.

How big of a company is Kennametal?

Kennametal has a market capitalization of $3.02 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 11/28/2020 by MarketBeat.com Staff

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