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Thursday, June 8, 2023

An Evaluation Of Kennametal Inc. (NYSE: KMT) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Kennametal Inc. (KMT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $25.96. The Kennametal Inc. has recorded 39,248 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Kennametal to Attend Goldman Sachs Industrials and Materials Conference.

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Stocks Info

KMT belongs to the Industrials sector of the NYSE while operating in the Tools & Accessories industry. At the end of the last regular session, the stock closed at $25.96 and fluctuated between $26.48 as its day high and $25.67 as its day low. The current market capitalization of Kennametal Inc. is $2.08B. A total of 1.15 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KMT has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 10,633 and the disposition of 4,440 shares. Over the last 12 months, there were 48 BUYs and 21 SELLs from insiders. Insiders purchased 319,676 shares during that period but sold 43,446.

In the most recent transaction, Witt John Wayne sold 800 shares of KMT for 29.61 per share on Mar 09. After the transaction, the Vice President now owns 0 company shares. In a previous transaction on Feb 17, Witt John Wayne sold 730 shares at 29.00 per share. KMT shares that Vice President owns now total 800.

Among the insiders who sold shares, Witt John Wayne disposed of 700 shares on Dec 08 at a per-share price of $25.50. This resulted in the Vice President holding 1,530 shares of KMT after the transaction. In another insider transaction, LAMBERT WILLIAM M bought 36,698 shares at $26.23 per share on May 04. Company shares held by the Director now total 52,360.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 16.89. KMT’s most recent ex-dividend date was 2/13/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 2/28/2023. Previously, the company paid the dividend on 11/22/2022 with an ex-dividend date of 11/7/2022. The KMT stock dividend was $0.20 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KMT in the last 3 months, the mean price target is $27.11 with high estimates of $35.00 and low estimates of $19.00. In terms of 52-week highs and lows, KMT has a high of $30.60 and a low of $20.21.

As of this writing, KMT has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.31. The company reported an EPS of $0.34 in the last quarter, which was -8.10% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KMT’s latest balance sheet shows that the firm has $85.59M in Cash & Short Term Investments as of fiscal 2022. There were $615.55M in debt and $485.65M in liabilities at the time. Its Book Value Per Share was $15.48, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KMT is Hold with a score of 2.56. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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