Kennametal Inc. (KMT)

NYSE: KMT · IEX Real-Time Price · USD
23.50
-0.46 (-1.92%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-1.92%
Market Cap 1.86B
Revenue (ttm) 2.07B
Net Income (ttm) 121.53M
Shares Out 79.27M
EPS (ttm) 1.50
PE Ratio 15.62
Forward PE 15.54
Dividend $0.80 (3.40%)
Ex-Dividend Date Feb 12, 2024
Volume 425,419
Open 23.75
Previous Close 23.96
Day's Range 23.24 - 23.88
52-Week Range 22.08 - 30.60
Beta 1.77
Analysts Sell
Price Target 25.08 (+6.72%)
Earnings Date Apr 29, 2024

About 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... [Read more]

Sector Industrials
Founded 1938
Employees 8,739
Stock Exchange NYSE
Ticker Symbol KMT
Full Company Profile

Financial Performance

In 2023, Kennametal's revenue was $2.08 billion, an increase of 3.27% compared to the previous year's $2.01 billion. Earnings were $118.46 million, a decrease of -18.09%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for KMT stock is "Sell." The 12-month stock price forecast is $25.08, which is an increase of 6.72% from the latest price.

Price Target
$25.08
(6.72% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

PITTSBURGH, March 14, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that Sanjay Chowbey, currently Vice President, Kennametal Inc. and President, Metal Cutting Segment, will succeed...

4 weeks ago - PRNewsWire

Kennametal to Attend J.P. Morgan Industrials Conference

PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the J.P. Morgan Industrials Conference in New York City.

7 weeks ago - PRNewsWire

Kennametal Innovation Recognized as Edison Award Finalist

PITTSBURGH , Feb. 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named an Edison Award finalist for its industry-first, additive manufactured cutting tool designe...

2 months ago - PRNewsWire

Kennametal Announces Fiscal 2024 Second Quarter Results and Additional $200 Million Share Repurchase Program

Earnings per diluted share (EPS) of $0.29 compared to $0.27 in the prior year quarter Strong YTD cash from operations of $88 million compared to $53 million in the prior year; highest first-half cash ...

2 months ago - PRNewsWire

Kennametal to Attend Barclays Industrial Select Conference

PITTSBURGH , Jan. 31, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Barclays Industrial Select Conference. Details of the conference are as follows: When: ...

2 months ago - PRNewsWire

Kennametal to Host Earnings Conference Call & Webcast on Second Quarter Fiscal 2024 Results

PITTSBURGH , Jan. 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2024 earnings call on Wednesday, February 7. The press release and presentation will be ...

3 months ago - PRNewsWire

Kennametal Named Among Newsweek's Most Responsible Companies

PITTSBURGH , Dec. 6, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named one of America's Most Responsible Companies 2024 by Newsweek. Ranked 70 out of 600 companie...

4 months ago - PRNewsWire

NEW FV GEOMETRY BY KENNAMETAL FEATURES INNOVATIVE CHIP BREAKER DESIGN

PITTSBURGH , Nov. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new FV Geometry, featuring an innovative chip breaker design that allows for a more stable, sharper cutting ed...

5 months ago - PRNewsWire

Kennametal Announces Fiscal 2024 First Quarter Results

Earnings per diluted share (EPS) of $0.37 compared to $0.34 in the prior year quarter Strong cash flow from operations of $26 million compared to negative $11 million in the prior year quarter Returne...

5 months ago - PRNewsWire

Kennametal names William M. Lambert as Chairman of the Board

PITTSBURGH , Oct. 26, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that its Board of Directors has unanimously appointed William M. Lambert as Chairman of the Board effective Novem...

6 months ago - PRNewsWire

KENNAMETAL INTRODUCES NEW TURNING GRADE FEATURING KENGOLD TECHNOLOGY

PITTSBURGH , Oct. 18, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today its new KCU10B turning grade, an innovative update to its KCU10 platform with an enhanced KENGold™ coating techno...

6 months ago - PRNewsWire

KENNAMETAL LAUNCHES METAL CUTTING ROADSHOW IN NORTH AMERICA

Interactive tour takes latest technologies direct to new and existing customers PITTSBURGH , Oct. 17, 2023 /PRNewswire/ -- Aimed at bringing innovative tools directly to customers' doorsteps, Kennamet...

6 months ago - PRNewsWire

Kennametal to Host Earnings Conference Call & Webcast on First Quarter Fiscal 2024 Results

PITTSBURGH , Oct. 11, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2024 earnings call on Wednesday, November 1. The press release and presentation will be a...

6 months ago - PRNewsWire

KENNAMETAL EXPANDS HARVI PORTFOLIO AND PERFORMANCE WITH FIRST-EVER 8-FLUTE END MILL

HARVI IV requires no stops for tool changes, increasing productivity for customers PITTSBURGH , Oct. 2, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has expanded its bestse...

6 months ago - PRNewsWire

Kennametal Releases 2023 Environmental, Social and Governance (ESG) Report

Cites continued progress across key focus areas PITTSBURGH , Sept. 12, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) today announced that is has published its fiscal year 2023 Environmental, Social...

7 months ago - PRNewsWire

Kennametal details new multi-year growth plan at Investor Day

Company provides updates on growth, margin expansion and innovation initiatives  PITTSBURGH , Sept. 8, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced its growth and i...

7 months ago - PRNewsWire

Kennametal to Attend Morgan Stanley 11th Annual Laguna Conference

PITTSBURGH , Aug. 28, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the Morgan Stanley 11th Annual Laguna Conference. Details of the conference are as follows:...

8 months ago - PRNewsWire

Kennametal Innovation Earns International Recognition as Recipient of R&D 100 Award

PITTSBURGH , Aug. 22, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that it has been named a winner of a prestigious R&D 100 Award for its innovative additive manufactured machining...

8 months ago - PRNewsWire

Kennametal to Host Investor Day at the NYSE on September 8, 2023

PITTSBURGH , Aug. 14, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") announced today that it will host an Investor Day for the financial community at the New York Stock Exchange on F...

8 months ago - PRNewsWire

Kennametal Reports Fiscal 2023 and Fourth Quarter Results

FY23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basis FY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52 Q4 sales increased 4 percent year-...

9 months ago - PRNewsWire

Kennametal to Host Earnings Conference Call & Webcast on Fourth Quarter Fiscal 2023 Results

PITTSBURGH , July 11, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE:  KMT) will host its fourth quarter fiscal year 2023 earnings call on Tuesday, August 1, 2023.  The press release and presentation will...

9 months ago - PRNewsWire

Lockheed Martin to Feature Kennametal Tools in Machining Guide

Kennametal's HARVI end mills recognized in the industry for aerospace tooling excellence PITTSBURGH , May 31, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that its HARVI™ solid car...

11 months ago - PRNewsWire

Kennametal to Attend the UBS Global Industrials and Transportation Conference 2023

PITTSBURGH , May 22, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the UBS Global Industrials and Transportation Conference 2023 in New York. Details of the co...

11 months ago - PRNewsWire

Kennametal to Attend the KeyBanc Industrials & Basic Materials Conference

PITTSBURGH , May 10, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that they will attend the KeyBanc Industrials & Basic Materials Conference in Boston. Details of the conference ar...

1 year ago - PRNewsWire

Kennametal Announces Fiscal 2023 Third Quarter Results

Sales of $536 million increased 5 percent year-over-year, driven by 8 percent organic growth Earnings per diluted share (EPS) of $0.39 Returned approximately $23 million to shareholders; $7 million in...

1 year ago - PRNewsWire