Kennametal (NYSE:KMT) Price Target Raised to $28.00

Kennametal (NYSE:KMT) had its target price increased by UBS Group from $21.00 to $28.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

A number of other research firms have also recently issued reports on KMT. Wall Street Zen upgraded shares of Kennametal from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research raised Kennametal from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. lifted their price target on Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Barclays raised their price objective on shares of Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kennametal currently has a consensus rating of “Hold” and an average target price of $25.83.

Kennametal Trading Down 2.4%

Shares of KMT opened at $26.94 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.05 billion, a PE ratio of 22.45, a PEG ratio of 3.83 and a beta of 1.50. Kennametal has a 1 year low of $17.30 and a 1 year high of $29.84. The stock has a 50 day simple moving average of $22.44 and a 200-day simple moving average of $22.37.

Kennametal (NYSE:KMT) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Kennametal had a return on equity of 8.09% and a net margin of 4.73%.The company had revenue of $497.97 million during the quarter, compared to analysts’ expectations of $477.68 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, sell-side analysts predict that Kennametal will post 1.17 EPS for the current fiscal year.

Kennametal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. Kennametal’s payout ratio is 65.57%.

Hedge Funds Weigh In On Kennametal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMT. Smartleaf Asset Management LLC grew its position in shares of Kennametal by 21.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,537 shares of the industrial products company’s stock worth $53,000 after buying an additional 446 shares during the period. PNC Financial Services Group Inc. boosted its stake in Kennametal by 8.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,159 shares of the industrial products company’s stock worth $129,000 after acquiring an additional 461 shares during the last quarter. Headlands Technologies LLC grew its holdings in Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 682 shares during the period. SummerHaven Investment Management LLC increased its stake in Kennametal by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 34,895 shares of the industrial products company’s stock valued at $801,000 after purchasing an additional 745 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Kennametal by 3.4% in the third quarter. Amalgamated Bank now owns 22,625 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 751 shares in the last quarter.

Kennametal Company Profile

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.