How to buy Kennametal stock | $37.51

Kennametal Inc is a tools & accessories business based in the US. Kennametal shares (KMT) are listed on the NYSE and all prices are listed in US Dollars. Kennametal employs 9,000 staff and has a trailing 12-month revenue of around 0.00.

Kennametal stock price (NYSE: KMT)

Use our graph to track the performance of KMT stocks over time.

Kennametal shares at a glance

• Key figures

Information last updated 2021-07-29.

Latest market close	$37.51
52-week range	$24.66 - $42.83
50-day moving average	$35.33
200-day moving average	$38.51
Wall St. target price	$39.50
PE ratio	294.6721
Dividend yield	$0.8 (2.25%)
Earnings per share (TTM)	$0.12

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Is it a good time to buy Kennametal stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Kennametal Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Kennametal price performance over time

Historical closes compared with the close of $37.51 from 2021-05-28

1 week (2021-07-20)	N/A
1 month (2021-07-01)	3.33%
3 months (2021-04-30)	-6.60%
6 months (2021-01-27)	N/A

1 year (2020-07-27)	N/A
2 years (2019-07-27)	N/A
3 years (2018-07-27)	N/A
5 years (2016-07-27)	N/A

Is Kennametal under- or over-valued?

Valuing Kennametal stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Kennametal's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Kennametal's P/E ratio

Kennametal's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 295x. In other words, Kennametal shares trade at around 295x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Kennametal's PEG ratio

Kennametal's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.56. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Kennametal's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Kennametal's EBITDA

Kennametal's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $250 million.

The EBITDA is a measure of a Kennametal's overall financial performance and is widely used to measure a its profitability.

Kennametal financials

Revenue TTM	$1.7 billion
Operating margin TTM	7.39%
Gross profit TTM	$544.5 million
Return on assets TTM	3.06%
Return on equity TTM	1.06%
Profit margin	0.6%
Book value	$15.27
Market capitalisation	$3 billion

TTM: trailing 12 months

Shorting Kennametal shares

There are currently 4.0 million Kennametal shares held short by investors – that's known as Kennametal's "short interest". This figure is 4.9% down from 4.2 million last month.

There are a few different ways that this level of interest in shorting Kennametal shares can be evaluated.

Kennametal's "short interest ratio" (SIR)

Kennametal's "short interest ratio" (SIR) is the quantity of Kennametal shares currently shorted divided by the average quantity of Kennametal shares traded daily (recently around 639591.80064309). Kennametal's SIR currently stands at 6.22. In other words for every 100,000 Kennametal shares traded daily on the market, roughly 6220 shares are currently held short.

However Kennametal's short interest can also be evaluated against the total number of Kennametal shares, or, against the total number of tradable Kennametal shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Kennametal's short interest could be expressed as 0.05% of the outstanding shares (for every 100,000 Kennametal shares in existence, roughly 50 shares are currently held short) or 0.0478% of the tradable shares (for every 100,000 tradable Kennametal shares, roughly 48 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Kennametal.

Find out more about how you can short Kennametal stock.

Kennametal share dividends

Dividend payout ratio: 1.21% of net profits

Recently Kennametal has paid out, on average, around 1.21% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.23% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Kennametal shareholders could enjoy a 2.23% return on their shares, in the form of dividend payments. In Kennametal's case, that would currently equate to about $0.8 per share.

While Kennametal's payout ratio might seem low, this can signify that Kennametal is investing more in its future growth.

Kennametal's most recent dividend payout was on 24 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 9 May 2021 (the "ex-dividend date").

Have Kennametal's shares ever split?

Kennametal's shares were split on a 2:1 basis on 18 December 2007. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Kennametal shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Kennametal shares which in turn could have impacted Kennametal's share price.

Kennametal share price volatility

Over the last 12 months, Kennametal's shares have ranged in value from as little as $24.6615 up to $42.8342. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Kennametal's is 2.062. This would suggest that Kennametal's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Kennametal overview

Kennametal Inc. develops and applies 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. It operates through three segments: Industrial, Widia, and Infrastructure. The company offers standard and custom products, including turning, milling, hole making, tooling systems, and services, as well as specialized wear components and metallurgical powders for manufacturers engaged in various industries, such as the manufacturers of transportation vehicles and components, machine tools, and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. It also provides specified product design, selection, application, and support services; and standard and custom metal cutting solutions to general engineering, aerospace, energy, and transportation customers. In addition, the company produces compacts, nozzles, frac seats, and custom components used in oil and gas, and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling, and road milling; tungsten carbide and specialty alloy powders for the oil and gas, aerospace, and process industries; and ceramics used by the packaging industry for metallization of films and papers. It provides its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force; a network of independent and national chain distributors; integrated supplier channels; and value added resellers, as well as through the Internet.

Frequently asked questions

What percentage of Kennametal is owned by insiders or institutions?
Currently 0.554% of Kennametal shares are held by insiders and 103.766% by institutions. How many people work for Kennametal?
Latest data suggests 9,000 work at Kennametal. When does the fiscal year end for Kennametal?
Kennametal's fiscal year ends in June. Where is Kennametal based?
Kennametal's address is: 600 Grant Street, Pittsburgh, PA, United States, 15219 What is Kennametal's ISIN number?
Kennametal's international securities identification number is: US4891701009 What is Kennametal's CUSIP number?
Kennametal's Committee on Uniform Securities Identification Procedures number is: 489170100