Kennametal (KMT)

• Market cap: $1.91B
• 1 day: -1.60%
• 5 days: -7.56%
• 1 month: -13.02%
• 3 months: -4.43%
• 6 months: 4.15%
• Year to date: -3.72%
• 1 year: -3.87%
• 5 years: -33.91%
• 10 years: -31.03%
• Sector: Industrials
• Industry: Machine Tools, Metal Cutting Types

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)

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

11% more capital invested

Capital invested by funds: $1.97B [Q2] → $2.19B (+$220M) [Q3]

7% more funds holding

Funds holding: 224 [Q2] → 239 (+15) [Q3]

2.13% more ownership

Funds ownership: 106.48% [Q2] → 108.61% (+2.13%) [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

• Low target: $26 6% upside
• Avg. target: $28 14% upside
• High target: $32 30% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Morgan Stanley Angel Castillo 59% 1-year accuracy 10 / 17 met price target	14% upside $28	Equal-Weight Maintained	17 Dec 2024
Jefferies Stephen Volkmann 20% 1-year accuracy 2 / 10 met price target	30% upside $32	Hold Downgraded	6 Dec 2024
Loop Capital Chris Dankert 62% 1-year accuracy 8 / 13 met price target	6% upside $26	Hold Maintained	19 Nov 2024
B of A Securities Ross Gilardi 25% 1-year accuracy 1 / 4 met price target	6% upside $26	Underperform Downgraded	18 Oct 2024