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NYSE:KMT

Kennametal (KMT) Stock Price, News & Analysis

$25.28
+0.18 (+0.72%)
(As of 08/21/2024 ET)
Today's Range
$25.12
$25.42
50-Day Range
$22.55
$26.25
52-Week Range
$22.08
$27.05
Volume
458,590 shs
Average Volume
671,568 shs
Market Capitalization
$1.99 billion
P/E Ratio
18.73
Dividend Yield
3.16%
Price Target
$23.83

Kennametal MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
5.7% Downside
$23.83 Price Target
Short Interest
Healthy
7.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Kennametal in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$121,400 Bought Last Quarter
Proj. Earnings Growth
8.28%
From $1.45 to $1.57 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.

1.93 out of 5 stars

Industrial Products Sector

134th out of 163 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 Inc. (NYSE:KMT) Short Interest Down 10.1% in July
Kennametal to Attend Jefferies Industrials Conference
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
StockNews.com Upgrades Kennametal (NYSE:KMT) to Buy
Kennametal Issues FY25 Guidance - Update
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Kennametal Inc. Q4 Profit Increases, Beats Estimates
Here's what to expect from Kennametal's earnings report
HY Aug 2024 85.000 call (HY240816C00085000)
See More Headlines
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Company Calendar

Ex-Dividend for 5/28 Dividend
5/13/2024
Dividend Payable
5/28/2024
Last Earnings
8/07/2024
Ex-Dividend for 8/27 Dividend
8/13/2024
Today
8/22/2024
Dividend Payable
8/27/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Machine tools, metal cutting type
Sub-Industry
Industrial Machinery
CUSIP
48917010
Employees
8,730
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.83
High Stock Price Target
$25.00
Low Stock Price Target
$22.00
Potential Upside/Downside
-5.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
5 Analysts

Profitability

Net Income
$118.46 million
Pretax Margin
6.64%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$3.22 per share
Book Value
$16.37 per share

Miscellaneous

Free Float
77,399,000
Market Cap
$1.99 billion
Optionable
Optionable
Beta
1.66
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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

How have KMT shares performed this year?

Kennametal's stock was trading at $25.79 on January 1st, 2024. Since then, KMT shares have decreased by 2.0% and is now trading at $25.28.
View the best growth stocks for 2024 here
.

How were Kennametal's earnings last quarter?

Kennametal Inc. (NYSE:KMT) released its earnings results on Wednesday, August, 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The firm's revenue was down 1.3% on a year-over-year basis.

Is Kennametal doing a stock buyback?

Kennametal's board initiated a stock buyback plan 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 purchase up to 10.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

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.

Who are Kennametal's major shareholders?

Top institutional shareholders of Kennametal include Ariel Investments LLC (11.01%), Burgundy Asset Management Ltd. (6.33%), Dimensional Fund Advisors LP (5.95%) and Victory Capital Management Inc. (4.19%). Insiders that own company stock include Sanjay Chowbey, William J Harvey and John Wayne Witt.
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.

What other stocks do shareholders of Kennametal own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kennametal investors own include Intel (INTC), QUALCOMM (QCOM), AT&T (T), Ford Motor (F), Phillips 66 (PSX), Alcoa (AA) and AbbVie (ABBV).

This page (NYSE:KMT) was last updated on 8/22/2024 by MarketBeat.com Staff

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