Kennametal Inc. (NYSE:KMT) Receives $31.50 Average Price Target from Analysts

Kennametal Inc. (NYSE:KMT) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.50.

Several brokerages have commented on KMT. Morgan Stanley raised their price target on shares of Kennametal from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. lifted their target price on Kennametal from $25.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Kennametal in a report on Thursday, January 22nd. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen upgraded shares of Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th.

Kennametal Price Performance

KMT opened at $40.82 on Friday. The stock’s 50-day moving average price is $31.52 and its 200 day moving average price is $25.91. Kennametal has a 12-month low of $17.30 and a 12-month high of $40.92. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 0.68 and a beta of 1.50. The company has a current ratio of 2.55, a quick ratio of 1.14 and a debt-to-equity ratio of 0.44.

Kennametal (NYSE:KMT) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Kennametal had a net margin of 5.43% and a return on equity of 9.46%. The company had revenue of $529.53 million for the quarter, compared to analyst estimates of $514.70 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Kennametal has set its Q3 2026 guidance at 0.500-0.600 EPS and its FY 2026 guidance at 2.050-2.450 EPS. As a group, sell-side analysts expect that Kennametal will post 1.17 earnings per share for the current year.

Kennametal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, February 10th. Kennametal’s dividend payout ratio (DPR) is presently 55.94%.

Hedge Funds Weigh In On Kennametal

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Kennametal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after buying an additional 155,566 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of Kennametal by 65.9% during the 2nd quarter. Brandes Investment Partners LP now owns 8,154,119 shares of the industrial products company’s stock worth $187,219,000 after acquiring an additional 3,238,093 shares in the last quarter. American Century Companies Inc. lifted its stake in Kennametal by 44.0% during the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company’s stock worth $88,355,000 after purchasing an additional 1,289,624 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Kennametal by 10.1% in the second quarter. Fisher Asset Management LLC now owns 2,564,944 shares of the industrial products company’s stock valued at $58,891,000 after purchasing an additional 234,550 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Kennametal by 36.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company’s stock valued at $39,496,000 after purchasing an additional 505,669 shares during the last quarter.

Kennametal Company Profile

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company’s product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.