<div id="readability-page-1"><p>Kennametal Inc. (NYSE:KMT - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $28.49 and last traded at $28.5050, with a volume of 125009 shares trading hands. The stock had previously closed at $27.81.</p><h2>Analysts Set New Price Targets</h2><p>Several research firms have recently issued reports on KMT. JPMorgan Chase &amp; Co. upped their target price on shares of Kennametal from $22.00 to $25.00 and gave the stock an &#34;underweight&#34; rating in a research note on Friday, November 7th. Zacks Research raised shares of Kennametal from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Wednesday, November 12th. Wall Street Zen upgraded shares of Kennametal from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a research note on Saturday, November 29th. Barclays boosted their target price on Kennametal from $22.00 to $25.00 and gave the stock an &#34;equal weight&#34; rating in a research note on Friday, November 7th. Finally, Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Kennametal in a research report on Wednesday, October 8th. One equities research analyst  has rated the stock with a Strong Buy rating, five have issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. Based on data from MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average price target of $24.60.</p><p><b>Read Our Latest Analysis on Kennametal</b></p><h2>Kennametal Stock Up 2.4%</h2><p>The firm has a market capitalization of $2.17 billion, a PE ratio of 23.43, a P/E/G ratio of 3.71 and a beta of 1.48. The stock has a 50-day simple moving average of $24.56 and a 200-day simple moving average of $23.13. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.45. </p><p>Kennametal (NYSE:KMT - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.10. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The company had revenue of $497.97 million during the quarter, compared to the consensus estimate of $477.68 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS.  Analysts forecast that  Kennametal Inc. will post 1.17 EPS for the current year. </p><h2>Kennametal Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, November 10th. Kennametal's dividend payout ratio  is presently 65.57%. </p><h2>Institutional Investors Weigh In On Kennametal</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in shares of  Kennametal during the 2nd quarter valued at about $27,000.  Hantz Financial Services Inc. raised its stake in  Kennametal by 350.2% in the third quarter. Hantz Financial Services Inc. now owns 1,373 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 1,068 shares in the last quarter.  Headlands Technologies LLC lifted its position in  Kennametal by 80.7% during the second quarter. Headlands Technologies LLC now owns 1,527 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 682 shares during the last quarter.  Nomura Asset Management Co. Ltd. lifted its position in  Kennametal by 116.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 860 shares during the last quarter.  Finally, US Bancorp DE increased its holdings in shares of  Kennametal by 93.4% in the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company's stock worth $46,000 after buying an additional 1,036 shares during the last quarter. </p><h2>Kennametal Company Profile</h2> (Get Free Report)<p>Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.</p><h2>See Also</h2><ul><li>Five stocks we like better than Kennametal</li><li>How to Calculate Inflation Rate</li><li>Why Consumers Are Abandoning Chipotle, Sweetgreen and Cava</li><li>How to Capture the Benefits of Dividend Increases</li><li>Apple Stock Could Surge on Record iPhone Sales and Bold AI Strategy</li><li>Bank Stocks - Best Bank Stocks to Invest In</li><li>Dividend Growth Is Heating Up: 3 Stocks With Steady Payout Gains</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Kennametal Right Now?</h2><p>Before you consider Kennametal, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kennametal wasn't on the list.</p><p>While Kennametal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Kennametal Inc. (NYSE:KMT) stock reached a new 52-week high at $28.5050. Analysts have adjusted price targets, with JPMorgan and Barclays setting targets at $25.00. Zacks and Wall Street Zen upgraded ratings to "strong-buy." The stock has an average rating of "Hold" and a target of $24.60. Kennametal reported quarterly earnings of $0.34 per share, beating estimates. The company declared a quarterly dividend of $0.20 per share. Institutional investors have increased their holdings in Kennametal.</p>

Kennametal (NYSE:KMT) Reaches New 1-Year High - Here's Why