La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Kennametal a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Kennametal..

Kennametal (NYSE:KMT) Azioni, Catena delle Opzioni

Kennametal

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.

Kennametal Inc

Komatsu Ltd

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.10%</li>
<li>Baird analyst Timothy Wojs maintained a Neutral rating and raised the price target from $94 to $104 on Oct. 21. This analyst has an accuracy rate of 75%.</li>
<li>Goldman Sachs analyst Joe Ritchie maintained a Neutral rating and raised the price target from $94 to $107 on Oct. 10. This analyst has an accuracy rate of 75%</li>
<li>Recent News: Stanley Black &amp; Decker will broadcast its third quarter earnings webcast on Tuesday, Oct. 29.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"> latest SWK news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052855/image-194.png" alt="" class="wp-image-606928" style="width:712px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052855/image-194.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052855/image-194-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052855/image-194-768x686.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.14%</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and raised the price target from $22 to $24 on Aug. 22. This analyst has an accuracy rate of 79%.</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and increased the price target from $24 to $25 on Aug. 9. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Kennametal will host its first quarter fiscal year 2025 earnings call on Wednesday, Nov. 6.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"> latest KMT news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052909/image-195.png" alt="" class="wp-image-606929" style="width:693px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052909/image-195.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052909/image-195-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052909/image-195-768x704.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<h3 class="wp-block-heading">Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>)</h3>
<ul>
<li>Dividend Yield: 3.19%</li>
<li>DA Davidson analyst Matt Summerville downgraded the stock from Buy to Neutral and cut the price target from $54 to $33 on Aug. 12. This analyst has an accuracy rate of 77%.</li>
<li>Keybanc analyst Jeffrey Hammond initiated coverage on the stock with an Overweight rating and a price target of $50 on July 10. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Aug. 28, Hillenbrand declared fourth quarter dividend of 22.25 cents per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">trend in HI stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="926" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052937/image-196.png" alt="" class="wp-image-606930" style="width:716px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052937/image-196.png 926w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052937/image-196-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22052937/image-196-768x699.png 768w" sizes="(max-width: 926px) 100vw, 926px" /></a></figure>
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News

Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Industrials Stocks With Over 3% Dividend Yields

B of A Securities analyst Ross Gilardi downgrades Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) from Neutral to Underperform and maintains the price target from $26 to $26.

Downgrades

B of A Securities Downgrades Kennametal to Underperform, Maintains Price Target to $26

Loop Capital analyst Chris Dankert maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Hold and raises the price target from $22 to $24.

Loop Capital Maintains Hold on Kennametal, Raises Price Target to $24

Ratings for Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.75, along with a high estimate of $25.00 and a low estimate of $22.00. A decline of 1.04% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1723219219_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Kennametal is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Kennametal. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kennametal compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Kennametal's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Kennametal's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kennametal analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Kennametal: A Closer Look</h2>
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 a majority of revenue from the United States.
<h3>Financial Milestones: Kennametal's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Kennametal's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.33%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Kennametal's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.84% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.96%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Kennametal's ROA excels beyond industry benchmarks, reaching 1.48%. This signifies efficient management of assets and strong financial health.
Debt Management: Kennametal's debt-to-equity ratio is below the industry average. With a ratio of 0.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 4 Analyst Ratings For Kennametal

Barclays analyst Julian Mitchell maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Equal-Weight and raises the price target from $24 to $25.

Barclays Maintains Equal-Weight on Kennametal, Raises Price Target to $25

Annual&nbsp;Outlook:
<ul>
<li>Sales expected to be&nbsp;$2.0&nbsp;-&nbsp;$2.1 billion</li>
<li>Adjusted EPS is expected to be&nbsp;$1.30&nbsp;-&nbsp;$1.70</li>
<li>At the midpoint, improved operating performance offset by higher ETR and currency headwinds</li>
<li>Pricing actions expected to cover raw material costs, wages and general inflation</li>
<li>Interest expense is expected to be approximately&nbsp;$27 million</li>
<li>Adjusted ETR is expected to be approximately&nbsp;27.5 percent</li>
<li>Free operating cash flow of greater than&nbsp;125 percent&nbsp;of adjusted net income</li>
<li>Primary working capital as a percent of sales at approximately&nbsp;30 percent&nbsp;by fiscal year-end</li>
<li>Capital spending expected to be approximately&nbsp;$110 million</li>
</ul>

Guidance

Kennametal Expects FY25 Sales Of $2.0B-$2.1B Vs $2.064B Est, Adj EPS Of $1.30-$1.70 Vs $1.56 Est

Outlook
The Company&#39;s expectations for the&nbsp;first quarter&nbsp;of fiscal 2025 and the full year are as follows:
Quarterly&nbsp;Outlook:
<ul>
<li>Sales expected to be&nbsp;$480&nbsp;-&nbsp;$500 million; foreign exchange anticipated to be a headwind of&nbsp;1 percent&nbsp;compared to the&nbsp;first quarter&nbsp;of fiscal 2024</li>
<li>Adjusted ETR is expected to be approximately&nbsp;27.5 percent</li>
<li>Adjusted EPS is expected to be&nbsp;$0.20&nbsp;-&nbsp;$0.30</li>
</ul>

Kennametal Expects Q1 Sales Of $480M-$500M Vs $488.07M Est, Adj EPS Of $0.20-$0.30 Vs $0.38 Est

Earnings

Earnings Beats

Kennametal Q4 2024 Adj. EPS $0.49 Beats $0.43 Estimate, Sales $543.308M Beat $532.026M Estimate

Lincoln Electric Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) reported adjusted earnings of $2.34 per share in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.30. The bottom line decreased 4.1% year over year.
Including one-time items, the bottom line was $1.77 per share compared with $2.36 in the prior-year quarter.
Total revenues fell 3.7% year over year to $1.02 billion. However, the top line marginally beat the Zacks Consensus Estimate of $1.01 billion. The decline was due to a 4.4% fall in organic sales, partially offset by a 1.2% benefit from acquisitions.
<div class="chart_embed">
<h3>Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/47/1722605846.png" style="height:278px; width:620px" title="" /></h3>
Lincoln Electric Holdings, Inc. price-consensus-eps-surprise-chart | Lincoln Electric Holdings, Inc. Quote
</div>
<h3>Costs &amp; Margins</h3>
The cost of goods sold fell 7.2% to $638 million from the prior-year quarter. The gross profit increased 2.8% to $384 million. The gross margin was 37.6% compared with the year-ago quarter&#39;s 35.2%.
Selling, general and administrative expenses increased 8.2% year over year to $208.5 million. Adjusted operating profit decreased 3.6% to $178 million in the quarter. The adjusted operating margin was 17.4% in the reported quarter, flat year over year.
<h3>Segmental Performance</h3>
Americas Welding: The segment&#39;s total sales decreased to $687 million from $708 million in the year-earlier quarter. The reported figure lagged our estimated revenues of $714 million. Adjusted operating income totaled $137 million compared with $140 million in the prior-year quarter. We estimated an adjusted operating income of $131 million.
International Welding: This segment&#39;s revenues fell 5.4% year over year to $248 million in the reported quarter. We projected quarterly revenues of $251 million. The segment reported an adjusted operating profit of $26 million compared with the year-ago quarter&#39;s $34 million. The reported figure missed our estimate of $29 million.
The Harris Products Group: The segment&#39;s second-quarter total sales amounted to around $137 million, reflecting a year-over-year rise of 3.2%. The figure beat our estimate of $133 million. Adjusted operating profit was $25 million compared with the prior-year quarter&#39;s $20 million. Our prediction for the segment&#39;s adjusted income was $22 million.
<h3>Financial Update</h3>
Lincoln Electric had cash and cash equivalents of around $223 million at the end of the second quarter of 2024 compared with $394 million at the 2023 end.&nbsp; The company generated $171 million in cash flow from operations in the quarter under review compared with $199 million in the year-ago quarter. LECO returned $91 million to shareholders via dividends and share repurchases throughout the quarter.
<h3>Price Performance</h3>
Lincoln Electric&#39;s shares have gained 3.4% in the past year compared with the industry&#39;s growth of 10.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8e/73218.jpg?v=354166043" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Lincoln Electric carries a Zacks Rank #3 (Hold) at present.
<h3>Peer Performances</h3>
Stanley Black &amp; Decker, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) reported second-quarter 2024 adjusted earnings of $1.09 per share, which beat the Zacks Consensus Estimate of 85 cents. The company reported a loss of 11 cents per share in the year-ago quarter.
Stanley Black&#39;s net sales of $4.02 billion beat the consensus estimate of $4.01 billion. The top line declined 3.2% year over year due to weakness in the Industrial segment.
Enerpac Tool Group Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epac#NYSE">EPAC</a>) reported third-quarter fiscal 2024 (ended May 31 2024) adjusted earnings of 47 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 39 cents per share in the year-ago quarter.
EPAC&#39;s net sales of $150 million missed the consensus estimate of $153 million. The top line declined 4% year over year.
<h3>Manufacturing Stock Awaiting Results</h3>
Kennametal Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>) is set to release its fourth-quarter fiscal 2024 results on Aug 7.
The Zacks Consensus Estimate for KMT&#39;s earnings per share is pegged at 44 cents for the fiscal fourth quarter, suggesting a decline of 13.7% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $532.1 million, indicating a year-over-year decrease of 3.3%.
<a href="https://www.zacks.com/stock/news/2315557/lincoln-electric-leco-q2-earnings-beat-revenues-dip-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315557">To read this article on Zacks.com click here.</a>

Small Cap

EPAC

LECO

Lincoln Electric Q2 Earnings Beat, Revenues Dip Y/Y

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and cut the price target from $125 to $122 on June 27. This analyst has an accuracy rate of 67%.</li>
<li>Baird analyst Mark Marcon maintained a Neutral rating and slashed the price target from $126 to $124 on June 27. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On July 10, the company's board declared a regular quarterly cash dividend of 98 cents per share.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest PAYX's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="674" height="735" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM.png" alt="" class="wp-image-438128" style="width:421px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM.png 674w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072408/Screenshot-2024-07-16-at-4.54.02-PM-275x300.png 275w" sizes="(max-width: 674px) 100vw, 674px" /></a></figure>
<h3 class="wp-block-heading">Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.27%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on July 10. This analyst has an accuracy rate of 75%.</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $24 to $22 on June 21. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On May 8, Kennametal posted weaker-than-expected quarterly earnings.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">trend in Kennametal's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="689" height="753" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM.png" alt="" class="wp-image-438132" style="width:457px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM.png 689w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072442/Screenshot-2024-07-16-at-4.54.37-PM-275x300.png 275w" sizes="(max-width: 689px) 100vw, 689px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.73%</li>
<li>Barclays analyst Julian Mitchell downgraded the stock from Overweight to Equal-Weight and cut the price target from $100 to $86 on June 4. This analyst has an accuracy rate of 75%.</li>
<li>Baird analyst Timothy Wojs maintained a Neutral rating and cut the price target from $82 to $80 on April 19. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Stanley Black &amp; Decker is expected to broadcast its second quarter earnings webcast on Tuesday, July 30.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">breakout in SWK's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="668" height="701" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM.png" alt="" class="wp-image-438133" style="width:431px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM.png 668w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16072517/Screenshot-2024-07-16-at-4.55.13-PM-286x300.png 286w" sizes="(max-width: 668px) 100vw, 668px" /></a></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39786459/bank-of-america-morgan-stanley-and-other-3-stocks-to-watch-heading-into-tuesday">Bank Of America, Morgan Stanley And Other 3 Stocks To Watch Heading Into Tuesday</a></li>
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<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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PAYX

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields

Barclays analyst Julian Mitchell maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Equal-Weight and lowers the price target from $25 to $24.

Barclays Maintains Equal-Weight on Kennametal, Lowers Price Target to $24

Kennametal Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>) has failed to impress investors with its recent operational performance due to weakness across its segments and rising operating expenses. Also, given Kennametal&#39;s extensive international presence, foreign currency headwind adds to the uncertainty.
Based in Latrobe, PA, Kennametal is a manufacturer, marketer and distributor of high-speed metal cutting tools, tooling systems and wear-resistant parts. The company&#39;s products are used by manufacturers and suppliers in oil and gas exploration, road construction and other industries. Shares of Kennametal have lost 11% in the year-to-date period. KMT currently carries a Zacks Rank #4 (Sell).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d9/70805.jpg?v=2045063525" />
Image Source: Zacks Investment Research
Let&#39;s discuss the factors that may continue taking a toll on the firm.
<h3>Factors Affecting Kennametal</h3>
Business Weakness: Lower volume in general engineering, energy and earthwork end markets, owing to the declines in industrial activity and decreased underground mining in Asia Pacific, is affecting the Infrastructure segment. Also, reduced oil and gas activities in the United States owing to decreased rig counts remain a concern for the segment. Decrease in demand across general engineering and energy end markets, owing to lower industrial activity, softness in oil and gas markets and delays in wind energy projects, is affecting the Metal Cutting segment&#39;s revenues.
Escalating Costs: Rising operating expenses pose a concern for KMT. In the first nine months of fiscal 2024 (ended March 2024), the company&#39;s operating expenses increased year over year due to higher compensation expenses. The impact of these expenditures is evident in the rise of operating expenses as a percentage of total revenues, which climbed 40 basis points to reach 21.8%. In the same period, the company&#39;s operating margin decreased 170 basis points due to headwinds from higher wages and general inflation. Continued pressures from the high operating expenses are expected to dent Kennametal&#39;s bottom line in the near term.
Forex Woes: Kennametal&#39;s international presence exposes it to the risk of adverse currency fluctuations. This is because a strengthening U.S. dollar may require the company to either raise prices or contract profit margins in locations outside the United States. Thus, adverse currency movements are a worry for the company. In the third quarter of fiscal 2024, forex woes negatively affected the company&#39;s sales by 1%.
Southward Estimate Revision: The Zacks Consensus Estimate for KMT&#39;s fiscal 2024 (ended June 2024) earnings has been revised 2.7% downward in the past 60 days.
<h3>Stocks to Consider</h3>
Some better-ranked companies from the Industrial Products sector are discussed below:
Applied Industrial Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 8.2%.
The Zacks Consensus Estimate for AIT&#39;s fiscal 2024 earnings has improved 0.9% in the past 60 days. The stock has risen 9.3% in the year-to-date period.
Brady Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brc#NYSE">BRC</a>) presently carries a Zacks Rank #2 (Buy) and has a trailing four-quarter earnings surprise of 6.7%, on average.
The consensus estimate for BRC&#39;s fiscal 2024 earnings has increased 3.3% in the past 60 days. Shares of Brady have gained 12.5% in the year-to-date period.
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently holds a Zacks Rank of 2. CR delivered a trailing four-quarter earnings surprise of 15.2%, on average.
The Zacks Consensus Estimate for CR&#39;s 2024 earnings has increased 0.8% in the past 60 days. Its shares have gained 20.5% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2298737/here-s-why-investors-should-avoid-kennametal-kmt-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2298737">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Avoid Kennametal for Now

Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $23.75, a high estimate of $25.00, and a low estimate of $22.00. Experiencing a 1.04% decline, the current average is now lower than the previous average price target of $24.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1718978471_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Kennametal by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Hold</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$24.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$25.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kennametal. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Kennametal compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Kennametal's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Kennametal's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KMT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kennametal analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Kennametal: A Closer Look</h2>
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 a majority of revenue from the United States.
<h3>Kennametal's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Challenges: Kennametal's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -3.78%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Kennametal's net margin excels beyond industry benchmarks, reaching 3.68%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Kennametal's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.49%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Kennametal's ROA excels beyond industry benchmarks, reaching 0.75%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.52, Kennametal adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Kennametal: 4 Analysts Share Their Views

Loop Capital analyst Chris Dankert maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Hold and lowers the price target from $24 to $22.

Loop Capital Maintains Hold on Kennametal, Lowers Price Target to $22

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>)</h3>
<ul>
<li>Dividend Yield: 3.19%</li>
<li>RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $130 on May 21. This analyst has an accuracy rate of 66%.</li>
<li>Wedbush analyst Moshe Katri reiterated a Neutral rating with a price target of $115 on April 3. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Paychex is scheduled to release financial results for its fiscal 2024 fourth quarter on Wednesday, June 26.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Paychex's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="673" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM.png" alt="" class="wp-image-386151" style="width:514px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM.png 673w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050423/Screenshot-2024-06-13-at-2.34.17-PM-268x300.png 268w" sizes="(max-width: 673px) 100vw, 673px" /></a></figure>
<h3 class="wp-block-heading">Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and raised the price target from $23 to $24 on May 23. This analyst has an accuracy rate of 76%.</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and increased the price target from $24 to $25 on May 9. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On May 8, Kennametal posted weaker-than-expected quarterly earnings.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">trend in Kennametal's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="751" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM.png" alt="" class="wp-image-386148" style="width:545px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050349/Screenshot-2024-06-13-at-2.33.43-PM-274x300.png 274w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
<h3 class="wp-block-heading">Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>)</h3>
<ul>
<li>Dividend Yield: 3.33%</li>
<li>Truist Securities analyst Tobey Sommerupgraded the stock from Sell to Hold with a price target of $72 on April 22. This analyst has an accuracy rate of 73%.</li>
<li>BMO Capital analyst Jeffrey Silbermaintained a Market Perform rating and cut the price target from $85 to $80 on Jan. 31. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On May 1, Robert Half's board of directors approved a quarterly cash dividend of 53 cents per share.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in Robert Half's shares.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent061324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="657" height="741" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM.png" alt="" class="wp-image-386147" style="width:525px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM.png 657w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/13050258/Screenshot-2024-06-13-at-2.32.53-PM-266x300.png 266w" sizes="(max-width: 657px) 100vw, 657px" /></a></figure>
Read More: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a>

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields

At the time of the storm, the facility was shut down for the holiday weekend and no employees were onsite. The extent of the damage is currently being assessed.

Kennametal Says Its Production Facility In Rogers, AR, Sustained Damage Early Sunday Morning From Tornado; Extent Of Damage Is Currently Being Assessed

Loop Capital analyst Chris Dankert maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Hold and raises the price target from $23 to $24.

Kennametal Sees FY24 Adj EPS Of $1.40 - $1.55 Vs. $1.48 Est.

Kennametal Sees FY24 Revenue Of $2.030B - $2.050B Vs. $2.05B Est.

In a report released today, Michael Feniger from Bank of America Securities maintained a Hold rating on Kennametal (KMT – Research Report). The com...

Bank of America Securities Keeps Their Hold Rating on Kennametal (KMT)

Loop Capital Markets analyst Chris Dankert reiterated a Hold rating on Kennametal (KMT – Research Report) today and set a price target of $24.00. T...

Loop Capital Markets Keeps Their Hold Rating on Kennametal (KMT)

Tracking John Rogers' Ariel Investments Portfolio - Q2 2024 Update

Kennametal: Encouraging Free Cash-Flow Trends Point To A Technical Breakout Over The Near-Term

In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Kennametal (KMT – Research Report), with a price target of $2...

Kennametal (KMT) Receives a Rating Update from a Top Analyst

Morgan Stanley analyst Angel Castillo maintained a Hold rating on Kennametal (KMT – Research Report) today and set a price target of $24.00. The co...

Morgan Stanley Sticks to Their Hold Rating for Kennametal (KMT)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Kennametal (KMT – Research Report) and Byrna...

Analysts' Opinions Are Mixed on These Industrial Goods Stocks: Kennametal (KMT) and Byrna Technologies (BYRN)

Kennametal cut to Sell equivalent at BofA as growth rebound pushed out

In a report released today, Michael Feniger from Bank of America Securities maintained a Sell rating on Kennametal (KMT – Research Report), with a ...

Sell Rating for Kennametal Amid Sector Challenges and Boeing Strike Impact

Small-cap investments present an appealing opportunity for risk-tolerant investors, driven by strong economic growth, robust consumer spending, and diverse sector exposure. Therefore, it may be wise to consider solid small-cap stocks: TTM Technologies (TTMI), Kennametal (KMT), and Semrush Holdings (SEMR). Read on... The outlook for small-cap stocks is bright in the near term, bolstered by robust consumer spending, increased business investment, and a strengthening economy paired with easing inflation. Small-cap stocks provide diverse sector exposure, helping to mitigate regulatory and sector-specific risks while offering a broad array of investment opportunities.
For risk-tolerant investors, now is an opportune time to consider fundamentally strong and stable small-cap stocks like TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>), Kennametal Inc. (<a href="https://stocknews.com/stock/KMT/">KMT</a>), and Semrush Holdings, Inc. (<a href="https://stocknews.com/stock/SEMR/">SEMR</a>).
The U.S. economy grew at an annualized rate of <a href="https://www.reuters.com/markets/us/us-economy-posts-solid-growth-election-eve-2024-10-30/">2.8% in the third quarter</a>, outpacing the expected non-inflationary growth rate of 1.8%. The resilient labor market supports consumer spending, which is vital as it constitutes over two-thirds of economic activity. Notably, consumer spending increased by 3.7%, highlighting strong economic momentum.
Meanwhile, inflation is <a href="https://www.reuters.com/markets/rates-bonds/traders-stick-bets-25-bps-fed-rate-cuts-nov-dec-2024-10-31/">currently at 2.1%</a>, slightly above the Federal Reserve's target, leading to expectations for rate cuts next week and in December. These cuts could lower borrowing costs, boost consumer spending, and enhance small-cap stock valuations. With a focus on domestic revenues, small-cap stocks are well-positioned to benefit from these favorable economic conditions.
Additionally, small caps offer broader industry exposure with less concentration in the tech and communication sectors, providing growth potential across various industries. Considering these conducive trends, let's examine the fundamentals of the above-mentioned small-cap stocks.
TTM Technologies, Inc. (<a href="https://stocknews.com/stock/TTMI/">TTMI</a>)
Valued at $2.30 billion by market cap, TTMI and its subsidiaries manufacture and sell mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) worldwide. The company operates in two segments: PCB and RF&amp;S Components.
On September 24, 2024, TTMI announced the release of its new Xinger Ultra-Wide Band Balun Transformers, XMB0220K1-50100G and XMB0465Z1-50100G, for efficient signal conversion across diverse markets including telecom, military, 5G, and aerospace. The transformers are now available for sampling, with full purchase availability expected later this fall.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a>, TTMI's 13.08% is 33.8% higher than the 9.77% industry average. Its 6.50% trailing-12-month EBIT margin is 24.8% higher than the 5.21% industry average. Likewise, the stock's 0.71x trailing-12-month asset turnover ratio is 15.6% higher than the 0.61x industry average.
TTMI's net sales for the fiscal third quarter ended September 30, 2024, increased 7.7% year-over-year to $616.54 million. Its non-GAAP gross profit was $129.89 million, up 14.7% year-over-year. Additionally, the company's non-GAAP net income and non-GAAP EPS were $42.67 million and $0.41, respectively.
For the quarter ending December 31, 2024, TTMI's revenue and EPS are expected to grow 10.8% and 15.9% year-over-year to $630.68 million and $0.48, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, TTMI's stock has gained 74.9% to close the last trading session at $22.60. Its 24-month beta is 1.81.
It's no surprise that TTMI has an overall rating of B, which translates to a Buy in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Momentum and a B for Growth and Sentiment. It is ranked #4 out of 42 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. To see TTMI's Value, Stability, and Quality ratings, <a href="https://stocknews.com/stock/TTMI/">click here</a>.
Kennametal Inc. (<a href="https://stocknews.com/stock/KMT/">KMT</a>)
Valued at $2.02 billion by market cap, KMT engages in the development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications, enabling customers to work against corrosion and high-temperature conditions worldwide. It operates through two segments: Metal Cutting and Infrastructure.
On October 25, 2024, KMT announced the expansion of its turning portfolio with three new products – TopSwiss Turning Inserts, Micro Boring Solid (MBS) tooling, and KCU25B Turning Inserts – designed to enhance precision, output, and quality in small parts and medical machining. These products support various industries with improved performance, durability, and versatile applications.
In terms of the trailing-12-month Capex / Sales, KMT's 5.25% is 82.5% higher than the 2.88% industry average. Its 8.65% trailing-12-month levered FCF margin is 29.6% higher than the 6.67% industry average. Also, the stock's 15.65% trailing-12-month EBITDA margin is 11.5% higher than the 14.04% industry average.
During the fiscal fourth quarter ended June 30, 2024, KMT's total revenues were $543.31 million. Its operating income was $62.58 million, up marginally from the prior-year quarter. Similarly, the company's adjusted net income and adjusted EPS were $38.78 million and $0.49, respectively.
Street expects KMT's EPS and revenue for the quarter ending March 31, 2025, to rise 26.7% and 1.6% year-over-year to $0.38 and $524.27 million, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. KMT's stock has gained 13.4% over the past year to close the last trading session at $25.88. Its 60-month beta is 1.64.
KMT's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Quality. It is ranked #14 out of 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. Beyond what we stated above, we also have given KMT grades for Growth, Momentum, Stability, and Sentiment. Get all the KMT ratings <a href="https://stocknews.com/stock/KMT/">here</a>.
Semrush Holdings, Inc. (<a href="https://stocknews.com/stock/SEMR/">SEMR</a>)
Valued at $1.92 billion by market cap, SEMR develops an online visibility management software-as-a-service platform internationally, enabling companies to identify and reach the right audience for their content through the appropriate channels.
In terms of the trailing-12-month net income margin, SEMR's 4.39% is 26% higher than the 3.49% industry average. Likewise, its 83.38% trailing-12-month gross profit margin is 66.1% higher than the 50.21% industry average. Moreover, the stock's 1.02x trailing-12-month asset turnover ratio is 66.4% higher than the 0.61x industry average.
SEMR's net sales for the fiscal second quarter ended June 30, 2024, increased 21.8% year-over-year to $90.95 million. The company's non-GAAP income from operations grew 431.5% from the prior-year value to $12.19 million. Additionally, its net income attributable to SEMR was $1.66 million, compared to a net attributable loss of $279 thousand in the year-ago quarter.
Analysts expect SEMR's EPS for the quarter ended September 30, 2024, to increase 13.5% year-over-year to 0.07. Its revenue for the same quarter is expected to grow 22.9% year-over-year to $96.73 million. It surpassed the Street revenue estimates in three of the trailing four quarters. Over the past year, SEMR's stock has gained 71.9% to close the last trading session at $13.08. Its 24-month beta is 1.81.
SEMR's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
SEMR has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, it is ranked #20 out of 129 stocks. To access SEMR's additional ratings for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/SEMR/">click here</a>.
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TTMI shares . Year-to-date, TTMI has gained 42.95%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ttmi-kmt-semr-3-small-cap-stocks-with-big-upside-for-risk-tolerant-investors/>3 Small-Cap Stocks With Big Upside for Risk-Tolerant Investors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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