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 Q3 regulatory filings by fund managers ($100M+ AUM)
68% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 25
11% more capital invested
Capital invested by funds: $1.98B [Q2] → $2.2B (+$222M) [Q3]
7% more funds holding
Funds holding: 224 [Q2] → 239 (+15) [Q3]
2.23% more ownership
Funds ownership: 106.69% [Q2] → 108.92% (+2.23%) [Q3]
7% less call options, than puts
Call options by funds: $2.15M | Put options by funds: $2.32M
9% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 86
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Julian Mitchell 68% 1-year accuracy 77 / 113 met price target | 25%upside $30 | Equal-Weight Maintained | 8 Jan 2025 |
Morgan Stanley Angel Castillo 67% 1-year accuracy 10 / 15 met price target | 17%upside $28 | Equal-Weight Maintained | 17 Dec 2024 |
Jefferies Stephen Volkmann 45% 1-year accuracy 5 / 11 met price target | 34%upside $32 | Hold Downgraded | 6 Dec 2024 |
Loop Capital Chris Dankert 73% 1-year accuracy 11 / 15 met price target | 9%upside $26 | Hold Maintained | 19 Nov 2024 |
Financial journalist opinion
Based on 5 articles about KMT published over the past 30 days
