Kennametal - KMT Stock Forecast, Price & News

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.
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6 equities research analysts have issued 1-year price targets 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 $26.71 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
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Kennametal's stock was trading at $24.06 at the beginning of 2023. Since then, KMT stock has increased by 7.3% and is now trading at $25.81.
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Kennametal saw a drop in short interest during the month of February. As of February 15th, there was short interest totaling 3,530,000 shares, a drop of 17.5% from the January 31st total of 4,280,000 shares. Based on an average daily trading volume, of 558,800 shares, the days-to-cover ratio is currently 6.3 days. Currently, 4.6% of the company's stock 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) issued its quarterly earnings results on Monday, February, 6th. The industrial products company reported $0.27 EPS 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 analyst estimates of $491.88 million. Kennametal had a net margin of 6.25% and a trailing twelve-month return on equity of 10.26%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $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 yield of 3.10%. 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), First Trust Small Cap Value AlphaDEX Fund (FYT), Small Cap US Equity Select ETF (RNSC) 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 3.15%. 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 approved a stock repurchase plan on Monday, August 2nd 2021, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Kennametal issued an update on its third quarter 2023 earnings guidance on Monday, February, 6th. The company provided EPS 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 many different institutional and retail investors. Top institutional investors 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 $25.81.

Kennametal (NYSE:KMT) has a market capitalization of $2.08 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.