KMT stock icon

Kennametal
KMT

$24.66
1.32%

Market Cap: 1.94B

 

About: Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in two business segments: Metal Cutting and infrastructure. It generates maximum revenue from the Metal Cutting segment. The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy, and transportation. Geographically, it derives a majority of revenue from the United States.

Employees: 8,739

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 7 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

40% more call options, than puts

Call options by funds: $3.7M | Put options by funds: $2.65M

1% more funds holding

Funds holding: 224 [Q4 2023] → 227 (+3) [Q1 2024]

9% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 32

5% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 81

4.46% less ownership

Funds ownership: 105.9% [Q4 2023] → 101.44% (-4.46%) [Q1 2024]

7% less capital invested

Capital invested by funds: $2.18B [Q4 2023] → $2.02B (-$161M) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 0 (-2) [Q1 2024]

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$22
11%
downside
Avg. target
$24
3%
downside
High target
$25
1%
upside

7 analyst ratings

positive
0%
neutral
86%
negative
14%
Barclays
Julian Mitchell
3%downside
$24
Equal-Weight
Maintained
10 Jul 2024
Loop Capital
Chris Dankert
11%downside
$22
Hold
Maintained
21 Jun 2024
Loop Capital
Chris Dankert
3%downside
$24
Hold
Maintained
23 May 2024
Barclays
Julian Mitchell
1%upside
$25
Equal-Weight
Maintained
9 May 2024
Barclays
Julian Mitchell
3%downside
$24
Equal-Weight
Maintained
2 Apr 2024

Financial journalist opinion

Based on 4 articles about KMT published over the past 30 days