Kennametal Inc. develops and applies 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. It operates through three segments: Industrial, Widia, and Infrastructure. The company 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. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. In addition, the company 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 and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet. Kennametal Inc. was founded in 1938 and is based in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: kennametal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $26.00 | Neutral → Underperform | BofA Securities |
| 1/8/2024 | $24.00 | Equal-Weight | Morgan Stanley |
| 7/8/2022 | $27.00 → $19.00 | Neutral → Sell | UBS |
| 4/6/2022 | $41.00 → $29.00 | Buy → Hold | Loop Capital |
| 3/28/2022 | $37.00 → $31.00 | Neutral → Underweight | JP Morgan |
| 10/27/2021 | $45.00 | Underperform → Neutral | BofA Securities |
| 10/4/2021 | $37.00 → $36.00 | Equal-Weight | Barclays |
| 8/30/2021 | $48.00 | Buy | Loop Capital |
PITTSBURGH, Nov. 13, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) is proud to announce that it has been recognized as one of Caterpillar Inc's top indirect suppliers in 2024. This prestigious recognition reflects Kennametal's continued dedication to delivering innovative solutions, productivity improvements and outstanding customer and applications engineering support. This acknowledgment is a testament to the hard work, expertise, and customer-first approach that our teams deliver.Key drivers of this recognition include Kennametal's exceptional support in the successful la
PITTSBURGH, Nov. 12, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the UBS Global Industrials and Transportation Conference in Manalapan, Florida. Details of the conference are as follows: When: Tuesday, December 3, 2024 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation tur
Strong cash from operations of $46 million compared to $26 million in the prior year; free operating cash flow of $21 million compared to negative $3 million in the prior yearEarnings per diluted share (EPS) of $0.28 and adjusted EPS of $0.29Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsPITTSBURGH, Nov. 6, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 first quarter ended September 30, 2024, with sales of $482 million compared to $492 million in the prior year quarter, and earnings per diluted share (EPS) of $0.28 compared to $0.37 in the prior year quarter. The curr
One New Offering Specific to Small Parts Machining & Medical Applications PITTSBURGH, Oct. 25, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) is expanding its turning portfolio with the introduction of new inserts and cutting tools that significantly broadens its machining capabilities in the small parts and medical machining space. The three new products –TopSwiss™ Turning Inserts and Micro Boring Solid (MBS) tooling, and KCU25B Turning Inserts – are designed to improve output, enhance component quality, reduce errors and help customers achieve accurate and clean results. "
PITTSBURGH, Oct. 16, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2025 earnings call on Wednesday, November 6. The press release and presentation will be available on the Company's website before market on November 6. Details of the conference call and webcast are as follows: When: Wednesday, November 6, 2024, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal'sinvestor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About
PITTSBURGH, Sept. 12, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today its inclusion in TIME's World's Best Companies 2024. Presented by TIME and Statista Inc., the world-leading statistics portal and industry ranking provider, this prestigious recognition reflects Kennametal's commitment to all its stakeholders – employees, customers, investors and community partners. The World's Best Companies list is based on comprehensive analysis of revenue growth, employee-satisfaction surveys and sustainability data. "Our global team is hard at work advancing our strategy
PITTSBURGH, Sept. 10, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that is has published its fiscal year 2024 Corporate Responsibility Report (previously ESG Report), outlining the company's continued progress in advancing its environmental, social and governance strategy. It also details issues important to stakeholders, including environmental, health and safety (EHS), employee engagement, workforce training and development, diversity and inclusion, community engagement and other material topics. "At Kennametal, we are not just committed to driving busines
Leading manufacturer announces series of machining demonstrations led by the industry's best PITTSBURGH, Aug. 27, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT), has released its daily schedule of live machining demos for the weeklong "Metal Mania" exhibition at the International Manufacturing Technology Show (IMTS) in Chicago at McCormick Place, September 9-14, 2024. Attendees can browse tooling solutions from various Kennametal product brands, including Kennametal®, WIDIA™ and Hanita™ with the opportunity to watch innovations at work in live demos. Leading manufacturer anno
PITTSBURGH, Aug. 26, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the Morgan Stanley 12th Annual Laguna Conference. Details of the conference are as follows: When: Thursday, September 12, 2024 Attendees: Patrick Watson, Vice President and Chief Financial Officer Michael Pici, Vice President, Investor Relations Kelly Lynch, Vice President Finance, Metal Cutting Segment About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation
PITTSBURGH, Aug. 19, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that they will attend the Jefferies Industrial Conference in New York City. Details of the conference are as follows: When: Wednesday, September 4, 2024 Attendees: Sanjay Chowbey, President and Chief Executive OfficerPatrick Watson, Vice President and Chief Financial OfficerMichael Pici, Vice President, Investor Relations About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation tur
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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 Christopher Rossi as President & CEO. Rossi has decided to retire from the company after nearly seven years as CEO, effective May 31, 2024. Chowbey was unanimously appointed by the Board of Directors as Rossi's successor, effective June 1, 2024. "On behalf of the entire Board, I want to thank Chris for his many contributions to Kennametal and congratulate Sanjay on his well-deserv
Andy Beck to retire as Chief Financial Officer Damon Audia appointed Chief Financial Officer effective July 1, 2022 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Damon Audia to succeed Andy Beck as Senior Vice President and Chief Financial Officer (CFO) effective July 1, 2022. Mr. Audia joins AGCO from Kennametal Inc. (NYSE:KMT), an industrial technology leader specializing in tooling and wear-resistant solutions, where he served as the CFO since August 2018. Andy Beck will retire from AGCO in early 2023. He will serve as S
Lorraine Martin, Beverly Wyse and Melissa Waller appointed as independent Non-Executive Directors of Hyperion Metals, effective from 13 September 2021. Lorraine Martin has 35 years of experience in aerospace, leading a range of global business programs at Lockheed Martin (NYSE:LTM) from VP of the C-130 & C-5 Programs, to VP & GM F-35 Lightning II Program, and then EVP and Deputy of the Rotary & Mission Systems division. Lorraine is currently President and CEO of the National Safety Council. Beverly Wyse has over 30 years of leadership experience with Boeing (NYSE:BA), the world's largest aerospace company, where she held a range of senior executive roles including President of Shar
Strong cash from operations of $46 million compared to $26 million in the prior year; free operating cash flow of $21 million compared to negative $3 million in the prior yearEarnings per diluted share (EPS) of $0.28 and adjusted EPS of $0.29Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsPITTSBURGH, Nov. 6, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2025 first quarter ended September 30, 2024, with sales of $482 million compared to $492 million in the prior year quarter, and earnings per diluted share (EPS) of $0.28 compared to $0.37 in the prior year quarter. The curr
PITTSBURGH, Oct. 16, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) will host its first quarter fiscal year 2025 earnings call on Wednesday, November 6. The press release and presentation will be available on the Company's website before market on November 6. Details of the conference call and webcast are as follows: When: Wednesday, November 6, 2024, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal'sinvestor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About
Q4 earnings per diluted share (EPS) of $0.47 compared to $0.45 in the prior year quarterFY24 EPS of $1.37 and adjusted EPS of $1.50Strong YTD cash from operations of $277 million compared to $258 million in the prior year; highest as a percent of sales in over 25 yearsReturned $129 million to shareholders in FY24; $65.4 million in share repurchases and $63.4 million in dividendsCompleted initial three-year $200 million share repurchase program; previously announced $200 million program in place for FY25Provides FY25 Q1 and annual OutlookPITTSBURGH, Aug. 7, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today announced fourth quarter and fiscal 2024 results. For the fourth qu
PITTSBURGH, July 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its fourth quarter and fiscal 2024 earnings call on Wednesday, August 7. The press release and presentation will be available on the Company's website before market on August 7. Details of the conference call and webcast are as follows: When: Wednesday, August 7, 2024, at 9:30 am ET Hosts: Sanjay Chowbey, President and CEOPatrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 80 years as an indu
Strong YTD cash from operations of $163 million compared to $126 million in the prior yearEarnings per diluted share (EPS) of $0.24 and adjusted EPS of $0.30Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsPITTSBURGH, May 8, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2024 third quarter ended March 31, 2024, with sales of $516 million, compared to $536 million in the prior year quarter, and earnings per diluted share (EPS) of $0.24, compared with $0.39 in the prior year quarter. Adjusted EPS was $0.30 in the current quarter, whereas EPS was not adjusted in the prior year
PITTSBURGH, April 17, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8. The press release and presentation will be available on the Company's website before market on May 8. Details of the conference call and webcast are as follows: When: Wednesday, May 8, 2024, at 9:30 am ET Hosts: Christopher Rossi, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 80 years as an industri
Earnings per diluted share (EPS) of $0.29 compared to $0.27 in the prior year quarterStrong YTD cash from operations of $88 million compared to $53 million in the prior year; highest first-half cash generated from operations since fiscal 2016Returned approximately $31 million to shareholders; $15 million in share repurchases and $16 million in dividendsAnnounces additional share repurchase program of up to $200 million over three yearsPITTSBURGH, Feb. 7, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) (the "Company") today reported results for its fiscal 2024 second quarter ended December 31, 2023, with sales of $495 million, compared to $497 million in the prior year quarter, and earnings p
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 available on the Company's website before market on February 7. Details of the conference call and webcast are as follows: When: Wednesday, February 7, 2024, at 9:30 am ET Hosts: Christopher Rossi, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About KennametalWith over 80 year
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 available on the Company's website before market on November 1. Details of the conference call and webcast are as follows: When: Wednesday, November 1, 2023, at 9:30 am ET Hosts: Christopher Rossi, President and CEO Patrick Watson, Vice President and CFO Webcast: The conference call will be broadcast via real-time audio on Kennametal's investor relations website at https://investors.kennametal.com/ - click "Event" (located in the blue Quarterly Earnings block) About Kennametal With over 80 years
FY23 sales increased 3 percent year-over-year to $2.1 billion; 9 percent on an organic basisFY23 earnings per diluted share (EPS) of $1.46 and adjusted EPS of $1.52Q4 sales increased 4 percent year-over-year to $550 million; 7 percent on an organic basisReturned $114 million to shareholders in FY23; $49 million in share repurchases and $65 million in dividendsStrong cash from operations of $258 million and FOCF of $169 million; highest FOCF in the last eight yearsProvides FY24 Q1 and annual OutlookPITTSBURGH, Aug. 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) (the "Company") today announced fourth quarter and fiscal 2023 results. For the fourth quarter, the Company reported earnings pe
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Paychex, Inc. (NASDAQ:PAYX) Dividend Yield: 3.22% Morgan Stanley analyst James Faucett
Barclays analyst Julian Mitchell maintains Kennametal (NYSE:KMT) with a Equal-Weight and lowers the price target from $25 to $24.
Kennametal (NYSE:KMT) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $23.75, a high estimate of $25.00, and a low estimate of $22.00. Experiencing a 1.04% decline, the current average
Loop Capital analyst Chris Dankert maintains Kennametal (NYSE:KMT) with a Hold and lowers the price target from $24 to $22.
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector. Paychex, Inc. (NASDAQ:PAYX) Dividend Yield: 3.19% RBC Capital analyst Ashish Sabadra r
At the time of the storm, the facility was shut down for the holiday weekend and no employees were onsite. The extent of the damage is currently being assessed.
Loop Capital analyst Chris Dankert maintains Kennametal (NYSE:KMT) with a Hold and raises the price target from $23 to $24.
Barclays analyst Julian Mitchell maintains Kennametal (NYSE:KMT) with a Equal-Weight and raises the price target from $24 to $25.
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BofA Securities downgraded Kennametal from Neutral to Underperform and set a new price target of $26.00
Morgan Stanley initiated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $24.00
UBS downgraded Kennametal from Neutral to Sell and set a new price target of $19.00 from $27.00 previously
Loop Capital downgraded Kennametal from Buy to Hold and set a new price target of $29.00 from $41.00 previously
JP Morgan downgraded Kennametal from Neutral to Underweight and set a new price target of $31.00 from $37.00 previously
BofA Securities upgraded Kennametal from Underperform to Neutral and set a new price target of $45.00
Barclays reiterated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $36.00 from $37.00 previously
Loop Capital initiated coverage of Kennametal with a rating of Buy and set a new price target of $48.00
Morgan Stanley reiterated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $40.00 from $38.00 previously
Morgan Stanley reiterated coverage of Kennametal with a rating of Equal-Weight and set a new price target of $38.00 from $35.00 previously