Kennametal (NYSE:KMT) Reaches New 12-Month High – Still a Buy?

by · The Cerbat Gem

Kennametal Inc. (NYSE:KMT – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $28.49 and last traded at $28.5050, with a volume of 125009 shares traded. The stock had previously closed at $27.81.

Analyst Upgrades and Downgrades

KMT has been the subject of several research reports. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kennametal in a research note on Wednesday, October 8th. Zacks Research raised shares of Kennametal from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. UBS Group boosted their price target on shares of Kennametal from $21.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kennametal from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kennametal has a consensus rating of “Hold” and an average target price of $24.60.

View Our Latest Stock Report on Kennametal

Kennametal Stock Up 2.4%

The firm has a market cap of $2.17 billion, a PE ratio of 23.43, a PEG ratio of 3.71 and a beta of 1.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 2.60. The company’s 50-day simple moving average is $24.56 and its two-hundred day simple moving average is $23.13.

Kennametal (NYSE:KMT – Get Free Report) last released 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. The firm had revenue of $497.97 million for the quarter, compared to analysts’ expectations of $477.68 million. Kennametal had a net margin of 4.76% and a return on equity of 8.35%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. On average, analysts predict that Kennametal Inc. will post 1.17 earnings per share for the current fiscal year.

Kennametal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. Kennametal’s dividend payout ratio is presently 65.57%.

Hedge Funds Weigh In On Kennametal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company’s stock worth $188,412,000 after acquiring an additional 155,566 shares during the period. Brandes Investment Partners LP raised its holdings in Kennametal by 65.9% in 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 purchasing an additional 3,238,093 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kennametal by 44.0% in the 3rd 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 period. Fisher Asset Management LLC lifted its position in shares of Kennametal by 10.1% in the 2nd quarter. Fisher Asset Management LLC now owns 2,564,944 shares of the industrial products company’s stock worth $58,891,000 after purchasing an additional 234,550 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Kennametal by 36.6% during the 3rd 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 in the last quarter.

Kennametal Company Profile

(Get Free Report)

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.

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