Kennametal (NYSE:KMT) Downgraded to Hold Rating by Zacks Research

Kennametal (NYSE:KMT) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Kennametal from $37.00 to $40.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. UBS Group boosted their price objective on Kennametal from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Jefferies Financial Group downgraded Kennametal from a “buy” rating to a “hold” rating and set a $47.50 price objective on the stock. in a research note on Thursday, May 7th. The Goldman Sachs Group set a $32.00 price objective on Kennametal in a research note on Friday, February 6th. Finally, Barclays boosted their price objective on Kennametal from $28.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $36.93.

Kennametal Trading Down 3.2%

NYSE:KMT opened at $35.88 on Monday. Kennametal has a 12-month low of $17.62 and a 12-month high of $43.81. The firm has a market capitalization of $2.73 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.38 and a quick ratio of 0.99. The business has a 50 day simple moving average of $37.97 and a 200 day simple moving average of $33.39.

Kennametal (NYSE:KMT) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09. Kennametal had a return on equity of 11.02% and a net margin of 6.41%.The business had revenue of $592.59 million during the quarter, compared to analyst estimates of $568.03 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities research analysts predict that Kennametal will post 2.53 EPS for the current year.

Insider Activity

In other news, VP John Wayne Witt sold 5,060 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.29, for a total transaction of $193,747.40. Following the completion of the sale, the vice president owned 1,634 shares in the company, valued at approximately $62,565.86. This represents a 75.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Carlonda R. Reilly sold 13,410 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the sale, the vice president owned 38,746 shares of the company’s stock, valued at approximately $1,406,867.26. The trade was a 25.71% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.43% of the company’s stock.

Institutional Trading of Kennametal

Hedge funds have recently modified their holdings of the company. Gallacher Capital Management LLC acquired a new stake in shares of Kennametal in the 3rd quarter valued at $571,000. Vanguard Group Inc. increased its stake in shares of Kennametal by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock valued at $188,412,000 after buying an additional 155,566 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Kennametal by 27.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 331,663 shares of the industrial products company’s stock valued at $6,942,000 after buying an additional 71,732 shares during the period. Dana Investment Advisors Inc. increased its stake in shares of Kennametal by 38.2% in the 3rd quarter. Dana Investment Advisors Inc. now owns 307,544 shares of the industrial products company’s stock valued at $6,437,000 after buying an additional 85,032 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Kennametal by 3,273.8% in the 4th quarter. SG Americas Securities LLC now owns 274,260 shares of the industrial products company’s stock valued at $7,792,000 after buying an additional 266,131 shares during the period.

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.