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NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

$24.89
-0.38 (-1.50%)
(As of 04:00 PM ET)
Today's Range
$24.87
$25.54
50-Day Range
$23.50
$26.42
52-Week Range
$22.08
$30.60
Volume
485,149 shs
Average Volume
642,024 shs
Market Capitalization
$1.96 billion
P/E Ratio
18.44
Dividend Yield
3.21%
Price Target
$24.17

Kennametal MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
3.3% Downside
$24.17 Price Target
Short Interest
Bearish
6.57% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Kennametal in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$25,550 Sold Last Quarter
Proj. Earnings Growth
9.52%
From $1.47 to $1.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.03 out of 5 stars

Industrial Products Sector

150th out of 166 stocks

Machine Tools, Metal Cutting Type Industry

1st out of 1 stocks

KMT stock logo

About Kennametal Stock (NYSE:KMT)

Kennametal Inc. engages in development and application of 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. The company operates through two segments, Metal Cutting and Infrastructure. It 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. In addition, the company provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to aerospace, general engineering, energy, and transportation customers. Further, it 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 powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. 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 distributors; integrated supplier channels; and through the Internet. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.

KMT Stock Price History

KMT Stock News Headlines

Loop Capital Increases Kennametal (NYSE:KMT) Price Target to $24.00
Kennametal Inc. Q3 Profit Drops, Inline With Estimates
What Wall Street expects from Kennametal's earnings
What Makes Kennametal (KMT) an Investment Opportunity?
What 4 Analyst Ratings Have To Say About Kennametal
KMT Oct 2024 25.000 call
KMT Apr 2024 30.000 call
Kennametal Names Sanjay Chowbey As Next CEO
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Ex-Dividend for 5/28 Dividend
5/13/2024
Today
5/28/2024
Dividend Payable
5/28/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/06/2024

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,739
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.17
High Stock Price Target
$25.00
Low Stock Price Target
$23.00
Potential Upside/Downside
-5.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$118.46 million
Pretax Margin
6.64%

Debt

Sales & Book Value

Annual Sales
$2.08 billion
Cash Flow
$3.23 per share
Book Value
$16.37 per share

Miscellaneous

Free Float
77,258,000
Market Cap
$2.00 billion
Optionable
Optionable
Beta
1.76
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Key Executives

  • Mr. Christopher Rossi (Age 60)
    President, CEO & Director
    Comp: $2.31M
  • Mr. Patrick S. Watson (Age 51)
    VP of Finance & CFO
    Comp: $680.63k
  • Ms. Michelle Ruth Keating (Age 48)
    VP, Secretary & General Counsel
    Comp: $677.77k
  • Mr. Franklin Cardenas (Age 56)
    VP & President of Infrastructure Business Segment
    Comp: $836.07k
  • Mr. Sanjay K. Chowbey (Age 55)
    VP & President of Metal Cutting Business Segment
    Comp: $909.37k
  • Dr. Carlonda R. Reilly Ph.D. (Age 56)
    VP & CTO
  • Ms. Judith L. BacchusMs. Judith L. Bacchus (Age 62)
    VP & Chief Administrative Officer
    Comp: $654.06k
  • Mr. Michael Pici
    Vice President of Investor Relations
  • Lori Lecker
    Vice President of Corporate Relations & Communications
  • Mr. John Wayne Witt (Age 45)
    VP of Finance & Corporate Controller

KMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Kennametal stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" KMT shares.
View KMT analyst ratings
or view top-rated stocks.

What is Kennametal's stock price target for 2024?

5 Wall Street research analysts have issued 1 year price targets for Kennametal's stock. Their KMT share price targets range from $23.00 to $25.00. On average, they predict the company's share price to reach $24.17 in the next year. This suggests that the stock has a possible downside of 3.3%.
View analysts price targets for KMT
or view top-rated stocks among Wall Street analysts.

How have KMT shares performed in 2024?

Kennametal's stock was trading at $25.79 at the start of the year. Since then, KMT stock has decreased by 3.1% and is now trading at $24.98.
View the best growth stocks for 2024 here
.

Are investors shorting Kennametal?

Kennametal saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,940,000 shares, an increase of 24.4% from the April 30th total of 3,970,000 shares. Based on an average trading volume of 606,700 shares, the short-interest ratio is currently 8.1 days. Approximately 6.6% of the company's stock are short sold.
View Kennametal's Short Interest
.

When is Kennametal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our KMT earnings forecast
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings data on Wednesday, May, 8th. The industrial products company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.01. The industrial products company had revenue of $515.80 million for the quarter, compared to the consensus estimate of $518.50 million. Kennametal had a net margin of 5.29% and a trailing twelve-month return on equity of 9.35%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.

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

Kennametal declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.20 per share on Tuesday, May 28th. This represents a $0.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, May 13th.
Read our dividend analysis for KMT
.

Is Kennametal a good dividend stock?

Kennametal (NYSE:KMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.17%. The dividend payout ratio is 59.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 49.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KMT.

How will Kennametal's stock buyback program work?

Kennametal announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 7th 2024, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 10.6% of its stock through open market purchases. Stock buyback 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 issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 1.400-1.550 for the period, compared to the consensus earnings per share estimate of 1.480. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

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

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.

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 major shareholders?

Kennametal's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.66%), Ariel Investments LLC (11.60%), Burgundy Asset Management Ltd. (6.19%), Heartland Advisors Inc. (0.58%), Principal Financial Group Inc. (0.52%) and Azarias Capital Management L.P. (0.24%). Insiders that own company stock include John Wayne Witt, Joseph Alvarado, William J Harvey and William M Lambert.
View institutional ownership trends
.

How do I buy shares of Kennametal?

Shares of KMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KMT) was last updated on 5/28/2024 by MarketBeat.com Staff

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