As of Friday close, Kennametal Inc.’s (NYSE:KMT) stock was up $0.08, moving up 0.30 percent to $26.42. The average number of shares traded per day over the past five days has been 739,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 831,605, while in the previous 50 days, it was 750,656.
Since last month, KMT stock retreated -11.10%. Shares of the company fell to $25.86 on 08/16/23, the lowest level in the past month. A 52-week high of $30.60 was reached on 07/31/23 after having rallying from a 52-week low of $20.21. Since the beginning of this year, KMT’s stock price has risen by 9.81% or $2.36, and marked a new high 17 times. However, the stock has declined by -13.66% since its 52-week high.
KMT stock investors should be aware that Kennametal Inc. (KMT) stock had its last reported insider trading activity 163 days ago on Mar 09. Witt John Wayne, the Vice President of the company, disposed of 800 shares for $29.61 on Mar 09. It resulted in a $23,692 divestment by the insider. Witt John Wayne sold 730 shares at an average price of $29.00 on Feb 17. The insider now owns 800 shares following the transaction. On Dec 08, Vice President Witt John Wayne sold 700 shares at $25.50 apiece. The transaction was valued at $17,850.
Valuation Metrics
Right now, Kennametal Inc. (KMT) has a P/E ratio of about 18.16. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 1.04, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 32.55 may also be considered.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Thursday July 30 2015, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Kennametal Inc.’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.47, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 31.30% percent. In the year ended June 29, operating margins totaled 9.60%. Based on annual data, KMT earned $646.44 million in gross profit and brought in $2.08 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.70%. Return on equity (ROE) for the past 12 months was 10.20%.
In Kennametal Inc.’s quarter-end financial report for June 29, it reported total debt of $595.17 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KMT’s revenue rose 3.67% to $536.04 million during the quarter, while net income inched up to $550.24 million. While analysts expected Kennametal Inc. to report $0.59 quarterly earnings, the actual figure was $0.45 per share, beating the consensus estimate by -23.70%. During the quarter, the company generated $88.77 million in EBITDA. The liabilities of Kennametal Inc. were 1.23 billion at the end of its most recent quarter ended June 29, and its total debt was $639.42 million. The value of shareholders’ equity is $79.71 million.
Technical Picture
This quick technical analysis looks at Kennametal Inc.’s (KMT) price momentum. With a historical volatility rate of 18.56%, the RSI 9-day stood at 33.77% on 18 August.
With respect to its five-day moving average, the current Kennametal Inc. price is down by -1.53% percent or -$0.41. At present, KMT shares trade -9.55% below its 20-day simple moving average and +1.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.83% below its SMA50 and -1.09% below its SMA200.
Stochastic coefficient K was 9.29% and Stochastic coefficient D was 5.54%, while ATR was 0.74. Given the Stochastic reading of 16.04% for the 14-day period, the RSI (14) reading has been calculated as 37.13%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.93.
Analyst Ratings
Kennametal Inc. downgraded its rating on Kennametal Inc. (NYSE: KMT) to a Sell in a note to investors on July 08, 2022. The analysts firm previously had a Neutral rating on the stock.
With a median target price of $28.00, the current consensus forecast for the stock is $20.00 – $35.00. Based on these forecasts, analysts predict Kennametal Inc. (KMT) will achieve an average price target of $27.67.
