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NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

Kennametal logo
$28.51 +0.25 (+0.88%)
(As of 10:39 AM ET)

About Kennametal Stock (NYSE:KMT)

Key Stats

Today's Range
$28.25
$28.64
50-Day Range
$24.72
$31.23
52-Week Range
$22.50
$32.18
Volume
56,055 shs
Average Volume
714,972 shs
Market Capitalization
$2.22 billion
P/E Ratio
22.27
Dividend Yield
2.81%
Price Target
$25.00
Consensus Rating
Reduce

Company Overview

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.

Kennametal Stock Analysis - MarketRank™

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22nd Percentile Overall Score

KMT MarketRank™: 

Kennametal scored higher than 22% of companies evaluated by MarketBeat, and ranked 147th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Kennametal has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Kennametal has only been the subject of 2 research reports in the past 90 days.

  • Read more about Kennametal's stock forecast and price target.
  • Earnings Growth

    Earnings for Kennametal are expected to grow by 13.10% in the coming year, from $1.45 to $1.64 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kennametal is 22.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kennametal is 22.27, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.82.

  • Price to Earnings Growth Ratio

    Kennametal has a PEG Ratio of 2.35. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Kennametal has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Kennametal's valuation and earnings.
  • Percentage of Shares Shorted

    8.49% of the float of Kennametal has been sold short.
  • Short Interest Ratio / Days to Cover

    Kennametal has a short interest ratio ("days to cover") of 7.8.
  • Change versus previous month

    Short interest in Kennametal has recently increased by 0.46%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Kennametal pays a meaningful dividend of 2.86%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Kennametal does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Kennametal is 62.50%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Kennametal will have a dividend payout ratio of 48.78% next year. This indicates that Kennametal will be able to sustain or increase its dividend.

  • Read more about Kennametal's dividend.
  • Percentage of Shares Shorted

    8.49% of the float of Kennametal has been sold short.
  • Short Interest Ratio / Days to Cover

    Kennametal has a short interest ratio ("days to cover") of 7.8.
  • Change versus previous month

    Short interest in Kennametal has recently increased by 0.46%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Kennametal has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Kennametal this week, compared to 4 articles on an average week.
  • Search Interest

    5 people have searched for KMT on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Kennametal to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
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KMT Stock News Headlines

Kennametal price target raised to $26 from $24 at Loop Capital
Blackrock’s Sending THIS Crypto Higher on Purpose
It's a groundbreaking opportunity that could be poised for extraordinary gains. The catalyst behind this surge is a massive new blockchain development…
Kennametal Vice President Trades Company's Stock
Morgan Stanley Sticks to Its Hold Rating for Kennametal (KMT)
See More Headlines

KMT Stock Analysis - Frequently Asked Questions

Kennametal's stock was trading at $25.79 at the beginning of the year. Since then, KMT shares have increased by 10.5% and is now trading at $28.51.
View the best growth stocks for 2024 here
.

Kennametal Inc. (NYSE:KMT) issued its quarterly earnings results on Wednesday, November, 6th. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. The business's quarterly revenue was down 2.2% on a year-over-year basis.

Kennametal's board authorized a share repurchase program on Wednesday, February 7th 2024, which authorizes the company to buy back $200,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 10.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Top institutional investors of Kennametal include Wellington Management Group LLP (8.04%), Victory Capital Management Inc. (3.96%), State Street Corp (3.82%) and Fisher Asset Management LLC (2.71%). Insiders that own company stock include Sanjay Chowbey, William J Harvey and John Wayne Witt.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kennametal investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

Ex-Dividend for 8/27 Dividend
8/13/2024
Dividend Payable
8/27/2024
Last Earnings
11/06/2024
Ex-Dividend for 11/26 Dividend
11/12/2024
Today
11/21/2024
Dividend Payable
11/26/2024
Next Earnings (Estimated)
2/05/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,447
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$26.00
Low Stock Price Target
$24.00
Potential Upside/Downside
-11.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$109.32 million
Pretax Margin
6.75%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$3.21 per share
Book Value
$16.38 per share

Miscellaneous

Free Float
76,630,000
Market Cap
$2.20 billion
Optionable
Optionable
Beta
1.64

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This page (NYSE:KMT) was last updated on 11/21/2024 by MarketBeat.com Staff
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