Kennametal upgraded by BofA Securities with a new price target
$KMT
Industrial Machinery/Components
Industrials
BofA Securities upgraded Kennametal from Underperform to Neutral and set a new price target of $45.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2024 | $40.00 → $32.00 | Buy → Hold | Jefferies |
| 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 |
4 - KENNAMETAL INC (0000055242) (Issuer)
4 - KENNAMETAL INC (0000055242) (Issuer)
4 - KENNAMETAL INC (0000055242) (Issuer)
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its second quarter fiscal year 2025 earnings call on Wednesday, February 5, 2025. The press release and presentation will be available on the Company's website before market on February 5. Details of the conference call and webcast are as follows: When: Wednesday, February 5, 2025, 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
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
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) will host its second quarter fiscal year 2025 earnings call on Wednesday, February 5, 2025. The press release and presentation will be available on the Company's website before market on February 5. Details of the conference call and webcast are as follows: When: Wednesday, February 5, 2025, 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
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that Faisal Hamadi, currently Vice President of Kennametal's Value Creation Systems, will succeed Franklin Cardenas as President of the Company's Infrastructure segment, effective January 20, 2025. "I want to thank Franklin for his years of service and many contributions to Kennametal," said Sanjay Chowbey, President and CEO. "We wish him success in his future endeavors and appreciate his ongoing partnership with Faisal to ensure a seamless transition." Hamadi joined Kennametal in July 2024 fr
Marks fourth consecutive year Kennametal has been included on the list PITTSBURGH, Dec. 9, 2024 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that it has been once again named one of America's Most Responsible Companies 2025 by Newsweek. This prestigious award reflects Kennametal's commitment to responsible practices across all aspects of its business, including the environment and social stewardship. "I want to thank our team around the world who is working every day to help our customers in the most efficient and effective way across all aspects of our business,
Jefferies downgraded Kennametal from Buy to Hold and set a new price target of $32.00 from $40.00 previously
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
4 - KENNAMETAL INC (0000055242) (Issuer)
4 - KENNAMETAL INC (0000055242) (Issuer)
8-K - KENNAMETAL INC (0000055242) (Filer)
8-K - KENNAMETAL INC (0000055242) (Filer)
S-8 - KENNAMETAL INC (0000055242) (Filer)
SC 13G/A - KENNAMETAL INC (0000055242) (Subject)
SC 13G/A - KENNAMETAL INC (0000055242) (Subject)
SC 13G/A - KENNAMETAL INC (0000055242) (Subject)
PITTSBURGH, Jan. 15, 2025 /PRNewswire/ -- Kennametal Inc. (NYSE:KMT) announced today that Faisal Hamadi, currently Vice President of Kennametal's Value Creation Systems, will succeed Franklin Cardenas as President of the Company's Infrastructure segment, effective January 20, 2025. "I want to thank Franklin for his years of service and many contributions to Kennametal," said Sanjay Chowbey, President and CEO. "We wish him success in his future endeavors and appreciate his ongoing partnership with Faisal to ensure a seamless transition." Hamadi joined Kennametal in July 2024 fr
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