Kennametal Inc. develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for use in metal cutting and mission-critical wear applications to combat extreme conditions related with wear fatigue, corrosion, and high temperatures worldwide. The company operates through three segments: Industrial, Widia, and Infrastructure. Its product offering includes a selection of standard and customized technologies for metalworking applications, such as turning, milling, hole making, tooling systems, and services for 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. The company also produces specialized wear components and metallurgical powders that are used for custom-engineered and various applications to producers and suppliers in equipment-intensive operations comprising coal mining, road construction, quarrying, oil and gas exploration, refining, production, and supply. In addition, it offers specified product design, selection, application, and support services. The company 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNYSE:KMT
Previous Symbol
CUSIP48917010
Phone412-248-8000
Debt
Debt-to-Equity Ratio0.48
Current Ratio1.74
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio13.28
Forward P/E Ratio11.17
P/E Growth2.26
Sales & Book Value
Annual Sales$2.37 billion
Price / Sales1.22
Cash Flow$3.9751 per share
Price / Cash8.85
Book Value$15.07 per share
Price / Book2.33
Profitability
EPS (Most Recent Fiscal Year)$2.65
Net Income$200.18 million
Net Margins8.45%
Return on Equity18.60%
Return on Assets8.42%
Miscellaneous
Employees10,500
Outstanding Shares82,020,000
Market Cap$2.92 billion
OptionableN/A
Kennametal (NYSE:KMT) Frequently Asked Questions
What is Kennametal's stock symbol?
Kennametal trades on the New York Stock Exchange (NYSE) under the ticker symbol "KMT."
How often does Kennametal pay dividends? What is the dividend yield for Kennametal?
Kennametal declared a quarterly dividend on Monday, August 6th. Stockholders of record on Thursday, August 16th will be paid a dividend of $0.20 per share on Tuesday, August 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 15th. View Kennametal's Dividend History.
How were Kennametal's earnings last quarter?
Kennametal Inc. (NYSE:KMT) released its earnings results on Monday, August, 6th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.07. The industrial products company earned $646.11 million during the quarter, compared to analyst estimates of $631.48 million. Kennametal had a net margin of 8.45% and a return on equity of 18.60%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. View Kennametal's Earnings History.
When is Kennametal's next earnings date?
How can I listen to Kennametal's earnings call?
Kennametal will be holding an earnings conference call on Tuesday, November 6th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What guidance has Kennametal issued on next quarter's earnings?
Kennametal issued an update on its FY19 earnings guidance on Monday, August, 6th. The company provided earnings per share guidance of $2.90-3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.05. The company issued revenue guidance of $2.486-2.557 billion, compared to the consensus revenue estimate of $2.49 billion.
What price target have analysts set for KMT?
12 equities research analysts have issued 1 year price targets for Kennametal's shares. Their predictions range from $44.00 to $60.00. On average, they expect Kennametal's stock price to reach $49.9167 in the next year. This suggests a possible upside of 41.8% from the stock's current price. View Analyst Price Targets for Kennametal.
What is the consensus analysts' recommendation for Kennametal?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Kennametal.
What are Wall Street analysts saying about Kennametal stock?
Here are some recent quotes from research analysts about Kennametal stock:
- 1. According to Zacks Investment Research, "In the past three months, Kennametal's shares have outperformed the industry. The company believes sturdier demand from prime end-markets (such as aerospace, automotive, machine tool, farm machinery, highway construction, coal mining, and oil and gas exploration) will continue to bolster its revenues in the upcoming quarters. On the other hand, stellar sales, price-realization efforts, diligent cost-cutting initiatives and restructuring moves (such as head-count reduction) will likely continue to drive its bottom-line growth in the quarters ahead. Notably, the company expects that its restructuring moves will bring in annualized pre-tax savings of roughly $10 million in fiscal 2019. For fiscal 2019, the Kennametal predicts adjusted earnings per share to be within $2.90-$3.20, higher than $2.65 recorded in fiscal 2018." (10/12/2018)
- 2. Barrington Research analysts commented, "We are expecting positive adjusted operating margin improvement due to expected price increases and productivity gains by the company. We are estimating sales of $594 million in Q3/18, an increase of more than 12% YOY, with adjusted EPS of 0.67. FactSet consensus estimates call for sales of $599 million and adjusted EPS of $0.72. KMT’s markets are seasonally slow during the first calendar (third fiscal) quarter. Outlook: Kennametal is looking for FY/18 organic sales growth of 9‐11%, up from a prior range of 5‐7%. End market strength, notably in oil & gas and general engineering, has increased Kennametal’s growth expectations. Full‐year adjusted EPS guidance was raised to $2.40‐2.70 following Q2/18 results from $2.30‐2.60 and includes an adverse impact of $0.15‐0.20 because of U.S. tax reform. The effective tax rate is now expected to be 22‐ 25% compared to 18‐22% expected previously." (5/1/2018)
Who are some of Kennametal's key competitors?
Some companies that are related to Kennametal include Amcor Limited ADS (AMCRY), Norsk Hydro ASA (NHYDY), IDEX (IEX), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), Zebra Technologies (ZBRA), ASAHI GLASS/ADR (ASGLY), Avery Dennison (AVY), Packaging Corp Of America (PKG), Allegion (ALLE), A. O. Smith (AOS), Alstom (ALO), AB SKF (SKFRY), Alcoa (AA) and Nordson (NDSN).
Who are Kennametal's key executives?
Kennametal's management team includes the folowing people:
- Mr. Christopher Rossi, Pres, CEO & Director (Age 54)
- Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 42)
- Mr. Ronald M. De Feo, Exec. Director (Age 66)
- Mr. Peter A. Dragich, VP & Pres of the Industrial Bus. Segment (Age 55)
- Mr. Ronald L. Port, VP & Pres of the Infrastructure Bus. Segment (Age 53)
Who are Kennametal's major shareholders?
Kennametal's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Foundry Partners LLC (0.05%), Dalton Greiner Hartman Maher & Co. (0.05%), Skylands Capital LLC (0.04%), Aperio Group LLC (0.04%), Nisa Investment Advisors LLC (0.04%) and Toth Financial Advisory Corp (0.02%). Company insiders that own Kennametal stock include Andre Gagne, Charles Michael Jr Byrnes, Christopher Rossi, Gaalen Jan Kees Van, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Philip A Dur, Pierre Labrecque, Robert J Clemens, Robert Wares, Roby Bégin, Steven H Wunning and Timothy R Mclevish. 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 Skylands Capital LLC. Company insiders that have sold Kennametal company stock in the last year include Gaalen Jan Kees Van, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Robert J Clemens, Steven H Wunning and Timothy R Mclevish. View Insider Buying and Selling for Kennametal.
Which major investors are buying Kennametal stock?
KMT stock was bought by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Toth Financial Advisory Corp, Fox Run Management L.L.C., Foundry Partners LLC, Nisa Investment Advisors LLC, Gillespie Robinson & Grimm Inc., Aperio Group LLC and Strs Ohio. Company insiders that have bought Kennametal stock in the last two years include Andre Gagne, Charles Michael Jr Byrnes, Christopher Rossi, Pierre Labrecque, Robert Wares and Roby Bégin. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Kennametal's stock price today?
One share of KMT stock can currently be purchased for approximately $35.20.
How big of a company is Kennametal?
Kennametal has a market capitalization of $2.92 billion and generates $2.37 billion in revenue each year. The industrial products company earns $200.18 million in net income (profit) each year or $2.65 on an earnings per share basis. Kennametal employs 10,500 workers across the globe.
What is Kennametal's official website?
How can I contact Kennametal?
Kennametal's mailing address is 600 GRANT STREET, PITTSBURGH PA, 15219. The industrial products company can be reached via phone at 412-248-8000.
MarketBeat Community Rating for Kennametal (NYSE KMT)
MarketBeat's community ratings are surveys of what our community members think about Kennametal and other stocks. Vote "Outperform" if you believe KMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
