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Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Laser breakthrough could send stock soaring 2,467% (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Recession risks are fading, business economists say, but political tensions pose threat to economy
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
Massive "Lightning Line" Rollout Underway Across America… (Ad)
Stock market today: World shares mostly higher after S&P 500 tops 5,000
FMC stock just set a new ceiling higher, 50% higher indeed
NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

$24.58
+0.79 (+3.32%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$23.70
$24.67
50-Day Range
$23.79
$26.87
52-Week Range
$22.08
$30.60
Volume
910,000 shs
Average Volume
640,200 shs
Market Capitalization
$1.95 billion
P/E Ratio
16.39
Dividend Yield
3.25%
Price Target
$24.75

Kennametal MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
0.7% Upside
$24.75 Price Target
Short Interest
Bearish
5.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Kennametal in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$10,908 Sold Last Quarter
Proj. Earnings Growth
19.61%
From $1.53 to $1.83 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.

1.13 out of 5 stars

Industrial Products Sector

155th out of 176 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

Kennametal (NYSE:KMT) PT Lowered to $24.00 at JPMorgan Chase & Co.
Biden Out, _______ In?
A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you. 
Kennametal (NYSE:KMT) Upgraded by StockNews.com to "Buy"
Kennametal Innovation Recognized as Edison Award Finalist
Biden Out, _______ In?
A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you. 
Kennametal (NYSE:KMT) Is Paying Out A Dividend Of $0.20
Kennametal adds $200M to share repurchase program
Kennametal Inc. (KMT) Q2 2024 Earning Call Transcript
Kennametal: Fiscal Q2 Earnings Snapshot
Kennametal Announces Additional Share Repurchase Program - Quick Facts
Kennametal Inc. Reveals Rise In Q2 Bottom Line, Beats estimates
Kennametal is about to announce its earnings — here's what to expect
Kennametal Q2 2024 Earnings Preview
Kennametal (KMT) Scheduled to Post Earnings on Wednesday
See More Headlines
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Company Calendar

Ex-Dividend for 11/21 Dividend
11/06/2023
Dividend Payable
11/21/2023
Last Earnings
2/07/2024
Today
2/12/2024
Ex-Dividend for 2/27 Dividend
2/12/2024
Dividend Payable
2/27/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
6/30/2024

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
$24.75
High Stock Price Target
$27.50
Low Stock Price Target
$23.00
Potential Upside/Downside
+0.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
$118.46 million
Pretax Margin
7.31%

Debt

Sales & Book Value

Annual Sales
$2.07 billion
Cash Flow
$3.21 per share
Book Value
$16.75 per share

Miscellaneous

Free Float
77,994,000
Market Cap
$1.95 billion
Optionable
Optionable
Beta
1.79
12 Stocks Corporate Insiders are Abandoning Cover

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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?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kennametal in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research 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?

4 equities research analysts have issued 1 year target prices for Kennametal's shares. Their KMT share price targets range from $23.00 to $27.50. On average, they expect the company's stock price to reach $24.75 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price.
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 beginning of the year. Since then, KMT stock has decreased by 4.7% and is now trading at $24.58.
View the best growth stocks for 2024 here
.

Are investors shorting Kennametal?

Kennametal saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 4,520,000 shares, a drop of 9.6% from the December 15th total of 5,000,000 shares. Based on an average trading volume of 734,300 shares, the days-to-cover ratio is currently 6.2 days. Approximately 6.0% of the company's shares are sold short.
View Kennametal's Short Interest
.

When is Kennametal's next earnings date?

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

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) posted its quarterly earnings results on Wednesday, February, 7th. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The industrial products company earned $495.30 million during the quarter, compared to the consensus estimate of $498.99 million. Kennametal had a net margin of 5.86% and a trailing twelve-month return on equity of 9.94%. Kennametal's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS.

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

Kennametal announced a quarterly dividend on Tuesday, January 30th. Shareholders of record on Tuesday, February 13th will be paid a dividend of $0.20 per share on Tuesday, February 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, February 12th.
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 3.25%. The dividend payout ratio is 53.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KMT will have a dividend payout ratio of 43.72% 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 declared that its Board of Directors has initiated a share buyback program on Wednesday, February 7th 2024, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 10.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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

Kennametal updated its third quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 0.250-0.350 for the period, compared to the consensus earnings per share estimate of 0.480. The company issued revenue guidance of $510.0 million-$530.0 million, compared to the consensus revenue estimate of $535.0 million.

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 many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.55%), Victory Capital Management Inc. (4.09%), Fisher Asset Management LLC (2.56%), Charles Schwab Investment Management Inc. (1.53%), Franklin Resources Inc. (1.29%) and Brandes Investment Partners LP (1.12%). Insiders that own company stock include Cindy L Davis, John Wayne Witt, Joseph Alvarado, Judith L Bacchus, 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 2/12/2024 by MarketBeat.com Staff

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