Investors are poised to add Kennametal Inc. (KMT) Stock to their long term portfolios

Currently, Kennametal Inc. [KMT] is trading at $30.58, up 5.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KMT shares have gain 10.68% over the last week, with a monthly amount glided 26.47%, and seem to be holding up well over a long-time horizon.

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On 16, January 2023, Kennametal to Host Earnings Conference Call & Webcast on Second Quarter Fiscal 2023 Results. In a post published today on Yahoo Finance, Kennametal Inc. (NYSE: KMT) will host its second quarter fiscal year 2023 earnings call on Tuesday, February 7, 2023.   The press release and presentation will be available on the Company’s website after market close on February 6, 2023.

From an analyst’s perspective:

Kennametal Inc. [NYSE: KMT] stock has seen the most recent analyst activity on July 08, 2022, when UBS downgraded its rating to a Sell and also revised its price target to $19 from $27. Previously, Loop Capital downgraded its rating to Hold on April 06, 2022, and dropped its price target to $29. On March 28, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $31 on the stock. BofA Securities upgraded its rating to a Neutral but stick to its price target of $45 on October 27, 2021. Loop Capital initiated its recommendation with a Buy and recommended $48 as its price target on August 30, 2021. UBS downgraded its rating to Neutral for this stock on February 08, 2021. In a note dated November 03, 2020, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.

This stock has fluctuated between a low of $20.21 and a high of $35.16 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $25.11 within the next 12 months. Kennametal Inc. [NYSE: KMT] shares were valued at $30.58 at the most recent close of the market. An investor can expect a potential drop of -17.89% based on the average KMT price forecast.

Analyzing the KMT fundamentals

Recent quarter sales for Kennametal Inc. [NYSE:KMT] were 494.79 billion which represents 2.30% growth. Gross Margin for this corporation currently stands at +31.83% with Operating Margin at +11.00%, Pretax Margin comes in at +10.27%, and Net Margin reading is +7.19%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.59 points at the first support level, and at 28.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.09, and for the 2nd resistance point, it is at 31.59.

Kennametal Inc. [KMT] reported earnings per share of $0.53 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.46/share, meaning a difference of $0.07 and a surprise factor of 15.20%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.47 per share as compared to estimates of $0.42 per share, a difference of $0.05 representing a surprise of 11.90%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Kennametal Inc. [NYSE:KMT] is 2.00. Also, the Quick Ratio is 0.93, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 1.51 and the P/E (TTM) ratio is 18.66.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 3 insider buyings of 4,277 shares and 2 insider sellings of 1,473 shares. Recent insider trading involved Witt John Wayne, Vice President, that happened on Dec 08 when 700.0 shares were sold. Director, LAMBERT WILLIAM M completed a deal on May 04 to buy 36698.0 shares. Meanwhile, Director ALVARADO JOSEPH bought 1000.0 shares on Mar 14.