Kennametal
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 maximum revenue from the United States and the rest from Germany, China, Canada, India, Italy, and other countries.
Employees: 8,447
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,284% more call options, than puts
Call options by funds: $2.31M | Put options by funds: $167K
2.59% more ownership
Funds ownership: 102.8% [Q1] → 105.38% (+2.59%) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 76
4% less capital invested
Capital invested by funds: $2.04B [Q1] → $1.95B (-$91.6M) [Q2]
4% less funds holding
Funds holding: 232 [Q1] → 223 (-9) [Q2]
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B of A Securities Ross Gilardi 33% 1-year accuracy 1 / 3 met price target | 3%upside $26 | Underperform Downgraded | 18 Oct 2024 |
Loop Capital Chris Dankert 80% 1-year accuracy 8 / 10 met price target | 5%downside $24 | Hold Maintained | 22 Aug 2024 |
Barclays Julian Mitchell 77% 1-year accuracy 62 / 81 met price target | 1%downside $25 | Equal-Weight Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 3 articles about KMT published over the past 30 days
