Kennametal (NYSE:KMT - Get Free Report) issued its quarterly earnings data on Wednesday. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02), Zacks reports. Kennametal had a net margin of 4.76% and a return on equity of 8.12%. Kennametal updated its FY 2025 guidance to 1.050-1.300 EPS and its Q3 2025 guidance to 0.200-0.300 EPS.
Kennametal Stock Up 1.3 %
NYSE KMT traded up $0.29 during trading on Friday, hitting $22.26. The stock had a trading volume of 1,520,794 shares, compared to its average volume of 950,510. Kennametal has a 12 month low of $20.50 and a 12 month high of $32.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 2.53. The company's 50-day moving average price is $24.84 and its two-hundred day moving average price is $25.60. The company has a market capitalization of $1.73 billion, a PE ratio of 18.25, a P/E/G ratio of 2.57 and a beta of 1.66.
Kennametal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. Kennametal's payout ratio is presently 65.57%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on KMT shares. Loop Capital boosted their price target on shares of Kennametal from $24.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, November 19th. Barclays decreased their target price on Kennametal from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. StockNews.com raised Kennametal from a "hold" rating to a "buy" rating in a research report on Monday, January 27th. Jefferies Financial Group lowered Kennametal from a "buy" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $32.00 in a research report on Friday, December 6th. Finally, Morgan Stanley increased their target price on Kennametal from $24.50 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Kennametal currently has an average rating of "Hold" and a consensus price target of $28.40.
Get Our Latest Report on KMT
Insider Transactions at Kennametal
In related news, VP John Wayne Witt sold 1,765 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $29.35, for a total transaction of $51,802.75. Following the completion of the transaction, the vice president now directly owns 1,642 shares of the company's stock, valued at approximately $48,192.70. This represents a 51.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Franklin Cardenas sold 20,470 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $28.24, for a total value of $578,072.80. Following the transaction, the vice president now directly owns 39,581 shares in the company, valued at $1,117,767.44. This trade represents a 34.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.41% of the company's stock.
About Kennametal
(
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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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