Analysts Point To Kennametal Inc. (NYSE: KMT) Growth In The Future

After Hours

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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

This NYSE-listed company operates within the Tools & Accessories industry segment, falling under the Industrials sector. The current market capitalization of Kennametal Inc. is $1.88B. A total of 0.52 million shares were traded on the day, compared to an average of 622.97K shares.

In the most recent transaction, Witt John Wayne sold 1,000 shares of KMT for 25.55 per share on Mar 07 ’24. After the transaction, the Vice President now owns 1,343 company shares. In a previous transaction on Dec 04 ’23, Witt John Wayne sold 450 shares at 24.24 per share. KMT shares that Vice President owns now total 2,343.

Among the insiders who sold shares, Davis Cindy L disposed of 11,431 shares on Sep 14 ’23 at a per-share price of $25.50. This resulted in the Director holding 14,966 shares of KMT after the transaction. In another insider transaction, Harvey William J. sold 1,215 shares at $25.50 per share on Sep 14 ’23. Company shares held by the Director now total 34,431.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kennametal Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 3.37%, and it has a price to earnings (P/E) ratio of 15.82. KMT’s most recent ex-dividend date was 2/12/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 2/27/2024. Previously, the company paid the dividend on 11/21/2023 with an ex-dividend date of 11/6/2023. The KMT stock dividend was $0.20 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, KMT has a high of $30.60 and a low of $22.08.

As of this writing, KMT has an earnings estimate of $Walmart Inc. per share for the current quarter. EPS was calculated based on a consensus of Lockheed Martin Corporation estimates, with a high estimate of $American Tower Corporation (REI per share and a lower estimate of $Kinder Morgan, Inc..

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KMT’s latest balance sheet shows that the firm has $85.59M in Cash & Short Term Investments as of fiscal 2022. There were $663.28M in debt and $485.65M in liabilities at the time. Its Book Value Per Share was $16.25, while its Total Shareholder’s Equity was $1.29B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.56.

Most Popular

Related Posts