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NYSE:KMT

Kennametal Stock Forecast, Price & News

$37.07
+1.30 (+3.63%)
(As of 12/6/2021 02:50 PM ET)
Add
Compare
Today's Range
$36.20
$37.41
50-Day Range
$33.94
$41.19
52-Week Range
$32.50
$43.04
Volume
27,234 shs
Average Volume
603,797 shs
Market Capitalization
$3.11 billion
P/E Ratio
27.87
Dividend Yield
2.24%
Beta
2.06
30 days | 90 days | 365 days | Advanced Chart
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Kennametal logo

About Kennametal

Kennametal, Inc. engages in the development and application of tungsten carbides, ceramics, and solutions used in metal cutting and extreme wear applications. It operates through the following segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy and transportation. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The company was founded by Philip M. McKenna in 1938 and is headquartered in Pittsburgh, PA.

Headlines

Is Kennametal Inc. (NYSE:KMT) Trading At A 46% Discount?
November 18, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,635
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.84 billion
Cash Flow
$2.66 per share
Book Value
$16.28 per share

Profitability

Net Income
$54.43 million
Pretax Margin
7.28%

Debt

Price-To-Earnings

Miscellaneous

Free Float
82,611,000
Market Cap
$3.11 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/31/2021
Ex-Dividend
11/08/2021
Dividend Payable
11/23/2021
Today
12/06/2021
Next Earnings (Estimated)
2/07/2022
Fiscal Year End
6/30/2022

MarketRank

Overall MarketRank

2.08 out of 5 stars

Industrial Products Sector

125th out of 246 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

Analyst Opinion: 2.1Community Rank: 3.9Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Kennametal (NYSE:KMT) Frequently Asked Questions

Is Kennametal a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Kennametal stock. 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.
View analyst ratings for Kennametal
or view top-rated stocks.

How has Kennametal's stock price 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 (WHO). Since then, KMT stock has increased by 84.2% and is now trading at $37.07.
View which stocks have been most impacted by COVID-19
.

When is Kennametal's next earnings date?

Kennametal is scheduled to release its next quarterly earnings announcement on Monday, February 7th 2022.
View our earnings forecast for Kennametal
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) released its quarterly earnings data on Sunday, October, 31st. The industrial products company reported $0.44 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.06. The industrial products company earned $483.51 million during the quarter, compared to analyst estimates of $487.30 million. Kennametal had a net margin of 5.84% and a trailing twelve-month return on equity of 9.14%. The company's revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share.
View Kennametal's earnings history
.

How often does Kennametal pay dividends? What is the dividend yield for Kennametal?

Kennametal declared a quarterly dividend on Tuesday, November 2nd. Shareholders of record on Tuesday, November 9th will be given a dividend of $0.20 per share on Tuesday, November 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, November 8th.
View Kennametal's dividend history
.

Is Kennametal a good dividend stock?

Kennametal pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.24%. The dividend payout ratio of Kennametal is 60.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kennametal will have a dividend payout ratio of 31.25% next year. This indicates that Kennametal will be able to sustain or increase its dividend.
View Kennametal's dividend history.

How will Kennametal's stock buyback program work?

Kennametal announced that its Board of Directors has approved a stock repurchase plan on Monday, August 2nd 2021, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

What guidance has Kennametal issued on next quarter's earnings?

Kennametal updated its second quarter 2022 earnings guidance on Monday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.15 million-$502.18 million, compared to the consensus revenue estimate of $514.29 million.

What price target have analysts set for KMT?

7 equities research analysts have issued 1-year target prices for Kennametal's shares. Their forecasts range from $35.00 to $49.00. On average, they expect Kennametal's share price to reach $41.71 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
View analysts' price targets for Kennametal
or view top-rated stocks among Wall Street analysts.

Who are Kennametal's key executives?

Kennametal's management team includes the following people:
  • Christopher Rossi, President, CEO & Non-Independent Director
  • Damon J. Audia, Chief Financial Officer & Vice President
  • Carlonda R. Reilly, Chief Technology Officer & Vice President
  • Judith L. Bacchus, Chief Administrative Officer & Vice President
  • Michelle Ruth Keating, Secretary, Vice President & General Counsel

What is Christopher Rossi's approval rating as Kennametal's CEO?

15 employees have rated Kennametal CEO Christopher Rossi on Glassdoor.com. Christopher Rossi has an approval rating of 83% among Kennametal's employees.

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).

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.13%), Wellington Management Group LLP (9.60%), Invesco Ltd. (4.84%), Dimensional Fund Advisors LP (3.40%), Goldman Sachs Group Inc. (3.19%) and Victory Capital Management Inc. (3.07%). Company insiders that own Kennametal stock include Cindy L Davis, Joseph Alvarado, Judith L Bacchus, Lawrence W Stranghoener, Michelle R Keating and Ronald L Port.
View institutional ownership trends for Kennametal
.

Which institutional investors are selling Kennametal stock?

KMT stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Alliancebernstein L.P., BlackRock Inc., Heartland Advisors Inc., Wellington Management Group LLP, Jennison Associates LLC, Invesco Ltd., and Moody Aldrich Partners LLC. Company insiders that have sold Kennametal company stock in the last year include Cindy L Davis, and Judith L Bacchus.
View insider buying and selling activity for Kennametal
or view top insider-selling stocks.

Which institutional investors are buying Kennametal stock?

KMT stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Millennium Management LLC, Victory Capital Management Inc., Deprince Race & Zollo Inc., Arrowstreet Capital Limited Partnership, Dimensional Fund Advisors LP, Renaissance Technologies LLC, and New York State Common Retirement Fund.
View insider buying and selling activity for Kennametal
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Kennametal's stock price today?

One share of KMT stock can currently be purchased for approximately $37.07.

How much money does Kennametal make?

Kennametal has a market capitalization of $3.11 billion and generates $1.84 billion in revenue each year. The industrial products company earns $54.43 million in net income (profit) each year or $1.33 on an earnings per share basis.

How many employees does Kennametal have?

Kennametal employs 8,635 workers across the globe.

What is Kennametal's official website?

The official website for Kennametal is www.kennametal.com.

Where are Kennametal's headquarters?

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, via email at [email protected], or via fax at 724-539-5750.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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