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
Industry Machine tools, metal cutting type
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Phone412-248-8000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.37 billion
Profitability
Miscellaneous
Employees10,500
Next Earnings Date8/5/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Tuesday, May 7th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.20 per share on Wednesday, May 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, May 13th. View Kennametal's Dividend History.
How were Kennametal's earnings last quarter?
Kennametal Inc. (NYSE:KMT) released its quarterly earnings data on Monday, May, 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.79 by $0.02. The industrial products company had revenue of $597.20 million for the quarter, compared to the consensus estimate of $626.27 million. Kennametal had a net margin of 10.28% and a return on equity of 19.66%. Kennametal's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. View Kennametal's Earnings History.
When is Kennametal's next earnings date?
What guidance has Kennametal issued on next quarter's earnings?
Kennametal updated its FY19 earnings guidance on Monday, May, 6th. The company provided earnings per share (EPS) guidance of $3.00-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.13. The company issued revenue guidance of $2.49 billion, compared to the consensus revenue estimate of $2.47 billion.
What price target have analysts set for KMT?
8 brokers have issued 12 month price objectives for Kennametal's shares. Their predictions range from $35.00 to $53.00. On average, they expect Kennametal's share price to reach $46.00 in the next twelve months. This suggests a possible upside of 43.3% from the stock's current price. View Analyst Price Targets for Kennametal.
What is the consensus analysts' recommendation for Kennametal?
8 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Kennametal.
Has Kennametal been receiving favorable news coverage?
News coverage about KMT stock has been trending negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kennametal earned a news sentiment score of -2.9 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Kennametal's key competitors?
Some companies that are related to Kennametal include Allegion (ALLE), Zebra Technologies (ZBRA), CAE (CAE), Packaging Corp Of America (PKG), Halma (HLMAF), Avery Dennison (AVY), Melrose Industries (MRO), Crown (CCK), James Hardie Industries (JHX), Graco (GGG), Norsk Hydro ASA (NHYDY), Nordson (NDSN), Middleby (MIDD), ASAHI GLASS/ADR (ASGLY) and HD Supply (HDS).
What other stocks do shareholders of Kennametal own?
Who are Kennametal's key executives?
Kennametal's management team includes the folowing people:
- Mr. Christopher Rossi, Pres, CEO & Director (Age 55)
- Ms. Michelle Ruth Keating, VP, Sec. & Gen. Counsel (Age 43)
- Mr. Peter A. Dragich, VP & Pres of the Industrial Bus. Segment (Age 56)
- Mr. Ronald L. Port, VP & Pres of the Infrastructure Bus. Segment (Age 53)
- Mr. Damon J. Audia, VP & CFO (Age 48)
Who are Kennametal's major shareholders?
Kennametal's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (6.82%), ArrowMark Colorado Holdings LLC (4.45%), Janus Henderson Group PLC (3.49%), Dimensional Fund Advisors LP (3.18%), Victory Capital Management Inc. (2.64%) and Northern Trust Corp (1.92%). Company insiders that own Kennametal stock include Charles Michael Jr Byrnes, Christopher Rossi, Gaalen Jan Kees Van, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating, Patrick S Watson, Peter A Dragich, Philip A Dur, Robert J Clemens, Robert Wares, 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 Renaissance Technologies LLC, Morgan Stanley, Emerald Advisers LLC, Dalton Greiner Hartman Maher & Co., Goldman Sachs Group Inc., JPMorgan Chase & Co., Kennedy Capital Management Inc. and Janus Henderson Group PLC. 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, Patrick S Watson and Peter A Dragich. View Insider Buying and Selling for Kennametal.
Which major investors are buying Kennametal stock?
KMT stock was acquired by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, ArrowMark Colorado Holdings LLC, Sandbar Asset Management LLP, Dimensional Fund Advisors LP, AQR Capital Management LLC, Royce & Associates LP, Geode Capital Management LLC and State of Wisconsin Investment Board. Company insiders that have bought Kennametal stock in the last two years include Charles Michael Jr Byrnes, Christopher Rossi and Robert Wares. 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 $32.10.
How big of a company is Kennametal?
Kennametal has a market capitalization of $2.64 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.
