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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 |
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
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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
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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
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
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