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Kennametal Inc. (KMT)

Industrials | Tools & Accessories | Pittsburgh, United States | NYSE
31.11 USD -0.21 (-0.670%) ⇩ (Oct. 14, 2026, 11:57 a.m. EDT)
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 4:12 a.m. EDT

Kennametal presents a classic value trap scenario where attractive metrics mask a deteriorating business reality. While the trailing P/E of 7.2 and a robust 23.9% ROE look compelling on paper, the company is currently bleeding cash, with free cash flow and operating cash flow both negative. This disconnect between profitability ratios and actual liquidity generation is a major red flag. The price action confirms this skepticism, as the stock has suffered a nearly 30% decline over the last nine years, with the most recent annual performance showing another drop. Although the dividend yield of 2.5% is generous relative to the price, the payout ratio of just 18% suggests the board is prioritizing income over capital allocation, likely because there is no excess cash to distribute. The recent news of a target price cut to imply only 2% upside reinforces the bearish consensus. For investors, the low valuation is not a margin of safety but a reflection of the market's verdict on the company's inability to generate sustainable cash flow.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.130499
AutoARIMA0.130500
MSTL0.131070
AutoTheta0.143411

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 36%
H-stat 3.96
Ljung-Box p 0.000
Jarque-Bera p 0.010
Excess Kurtosis -0.08
Attribute Value
Sector Industrials
Ex Dividend Date 2026-08-10
Last Dividend Date 2026-08-10
Debt to Equity Ratio 47.334
Revenue per Share 30.922
Market Cap 2,376,493,824
Trailing P/E 7.04
Forward P/E 13.33
Beta 1.32
Profit Margins 14.53%
Website https://www.kennametal.com

As of Oct. 10, 2026, 4:12 a.m. EDT: Speculators are positioning defensively with heavy put open interest at strikes below the current price ($20-$25 range), suggesting a fear of further downside or a 'floor' scenario. Conversely, call activity is concentrated at out-of-the-money strikes ($35-$40), indicating a speculative hope for a rebound to previous highs rather than immediate aggressive buying. The implied volatility is elevated on both sides, reflecting uncertainty about whether the stock can recover from its recent decline.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.66% 2.45% 3.06% 2.96%
Dividend History
Date Dividend Yield %
2026-08-11 0.2000 0.661376
2026-05-12 0.2000 0.558347
2026-02-10 0.2000 0.486618
2025-11-10 0.2000 0.738825
2025-08-12 0.2000 0.969932
2025-05-13 0.2000 0.902527
2025-02-11 0.2000 0.928936
2024-11-12 0.2000 0.681896
2024-08-13 0.2000 0.817996
2024-05-13 0.2000 0.775194
2024-02-12 0.2000 0.803536
2023-11-06 0.2000 0.868810
2023-08-07 0.2000 0.722282
2023-05-08 0.2000 0.742666
2023-02-13 0.2000 0.692761
2022-11-07 0.2000 0.810045
2022-08-08 0.2000 0.770416
2022-05-09 0.2000 0.749344
2022-02-14 0.2000 0.608088
2021-11-08 0.2000 0.509424
2021-08-09 0.2000 0.565291
2021-05-10 0.2000 0.485319
2021-02-08 0.2000 0.539811
2020-11-09 0.2000 0.600962
2020-08-10 0.2000 0.670241
2020-05-11 0.2000 0.825423
2020-02-10 0.2000 0.676819
2019-11-08 0.2000 0.588235
2019-08-12 0.2000 0.692281
2019-05-13 0.2000 0.584966
2019-02-11 0.2000 0.544366
2018-11-09 0.2000 0.506842
2018-08-15 0.2000 0.525624
2018-05-14 0.2000 0.513479
2018-02-12 0.2000 0.470256
2017-11-13 0.2000 0.457352
2017-08-16 0.2000 0.592768
2017-05-12 0.2000 0.520156
2017-02-10 0.2000 0.525072
2016-11-08 0.2000 0.687758
2016-08-10 0.2000 0.711491
2016-05-11 0.2000 0.853606
2016-02-10 0.2000 1.175779
2015-11-06 0.2000 0.693963
2015-08-07 0.2000 0.643915
2015-05-08 0.1800 0.473809
2015-02-06 0.1800 0.511800
2014-11-06 0.1800 0.455812
2014-08-08 0.1800 0.425633
2014-05-09 0.1800 0.380550
2014-02-07 0.1800 0.418507
2013-11-01 0.1800 0.390456
2013-08-02 0.1800 0.400267
2013-05-03 0.1600 0.398605
2013-02-01 0.1600 0.385078
2012-11-02 0.1600 0.441014
2012-08-03 0.1600 0.432316
2012-05-04 0.1400 0.341880
2012-02-03 0.1400 0.314395
2011-11-04 0.1400 0.347308
2011-08-05 0.1200 0.358209
2011-05-06 0.1200 0.304260
2011-02-04 0.1200 0.299925
2010-11-05 0.1200 0.341006
2010-08-06 0.1200 0.441176
2010-05-07 0.1200 0.422833
2010-02-05 0.1200 0.496894
2009-11-03 0.1200 0.507614
2009-08-04 0.1200 0.538117
2009-05-04 0.1200 0.558140
2009-01-30 0.1200 0.748130
2008-11-03 0.1200 0.559441
2008-08-01 0.1200 0.410116
2008-05-01 0.1200 0.339175
2008-02-01 0.1200 0.380952
2007-11-05 0.1200 0.270240
2007-08-03 0.1050 0.270619
2007-05-03 0.1050 0.290336
2007-02-02 0.1050 0.337458
2006-11-06 0.1050 0.348259
2006-08-04 0.0950 0.360463
2006-05-04 0.0950 0.300823
2006-02-03 0.0950 0.327586
2005-11-07 0.0950 0.356607
2005-08-05 0.0950 0.410811
2005-05-05 0.0850 0.374120
2005-02-04 0.0850 0.340000
2004-11-08 0.0850 0.345458
2004-08-06 0.0850 0.416361
2004-05-06 0.0850 0.388571
2004-02-06 0.0850 0.405534
2003-11-06 0.0850 0.449974
2003-08-06 0.0850 0.459832
2003-05-07 0.0850 0.535264
2003-02-06 0.0850 0.557377
2002-11-07 0.0850 0.555011
2002-08-07 0.0850 0.543305
2002-05-08 0.0850 0.414432
2002-02-06 0.0850 0.474066
2001-08-08 0.0850 0.439050
2001-05-08 0.0850 0.518293
2001-02-07 0.0850 0.573743
2000-11-08 0.0850 0.607143
2000-08-08 0.0850 0.695652
2000-05-08 0.0850 0.613995
2000-02-08 0.0850 0.699229
1999-11-08 0.0850 0.603104
1999-08-06 0.0850 0.712042
1999-05-06 0.0850 0.567850
1999-02-08 0.0850 0.743169
1998-11-06 0.0850 0.781609
1998-08-06 0.0850 0.513208
1998-05-06 0.0850 0.330498
1998-02-06 0.0850 0.327316
1997-11-06 0.0850 0.317016
1997-08-06 0.0850 0.353706
1997-05-07 0.0850 0.450331
1997-02-06 0.0850 0.412121
1996-11-06 0.0850 0.509363
1996-08-07 0.0750 0.485830
1996-05-08 0.0750 0.408163
1996-02-07 0.0750 0.493827
1995-11-08 0.0750 0.491803
1995-08-08 0.0750 0.410959
1995-05-04 0.0750 0.466926
1995-02-06 0.0750 0.563380
1994-11-04 0.0750 0.552995
1994-08-04 0.0750 0.550459
1994-05-04 0.0725 0.553699
1994-02-04 0.0725 0.565854
1993-11-04 0.0725 0.711656
1993-08-04 0.0725 0.822695
1993-05-04 0.0725 0.814035
1993-02-04 0.0725 1.013100
1992-11-04 0.0725 1.026549
1992-08-04 0.0725 0.991453
1992-05-04 0.0725 0.828571
1992-02-04 0.0725 0.892308
1991-11-04 0.0725 0.987234
1991-08-05 0.0725 0.781145
1991-05-06 0.0725 0.843636
1991-02-04 0.0725 0.840580
1990-11-05 0.0725 1.160000
1990-08-06 0.0725 0.935484
1990-05-04 0.0725 0.892308
1990-02-05 0.0725 1.004329
1989-11-06 0.0725 1.026549
1989-08-04 0.0725 0.822695
1989-05-04 0.0725 0.859259
1989-02-06 0.0725 0.892308
1988-11-04 0.0675 0.919149
1988-08-04 0.0675 0.815094
1988-05-04 0.0675 0.732203
1988-02-04 0.0675 0.843750
1987-11-04 0.0625 0.952381
1987-08-04 0.0625 0.716846
1987-05-04 0.0625 0.790514
1987-02-04 0.0625 0.854701
Additional Data
dividendYield 2.55
exDividendDate 2026-08-11
trailingAnnualDividendRate 0.8
trailingAnnualDividendYield 0.025542784
lastDividendValue 0.2
lastDividendDate 2026-08-11
dividendDate 2026-08-25

Info Dump

Attribute Value
52 Week Change 0.4139955
Address1 525 William Penn Place
Address2 Suite 3300
All Time High 52.52
All Time Low 1.328125
Ask 31.2
Ask Size 100
Audit Risk 8
Average Analyst Rating 3.8 - Underperform
Average Daily Volume10 Day 1,413,110
Average Daily Volume3 Month 1,421,975
Average Volume 1,421,975
Average Volume10Days 1,413,110
Beta 1.323
Bid 31.15
Bid Size 100
Board Risk 1
Book Value 20.598
City Pittsburgh
Compensation As Of Epoch Date 1,798,675,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 31.11
Current Ratio 2.618
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 31.495
Day Low 31.06
Debt To Equity 47.334
Display Name Kennametal
Dividend Date 1,787,616,000
Dividend Yield 2.55
Earnings Call Timestamp End 1,793,822,400
Earnings Call Timestamp Start 1,793,822,400
Earnings Growth 9.287
Earnings Quarterly Growth 9.512
Earnings Timestamp 1,793,795,400
Earnings Timestamp End 1,793,795,400
Earnings Timestamp Start 1,793,795,400
Ebitda 620,696,000
Ebitda Margins 0.26338
Enterprise To Ebitda 4.992
Enterprise To Revenue 1.315
Enterprise Value 3,098,687,744
Eps Current Year 4.95902
Eps Forward 2.33446
Eps Trailing Twelve Months 4.42
Esg Populated 0
Ex Dividend Date 1,786,406,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 30.8164
Fifty Day Average Change 0.29360008
Fifty Day Average Change Percent 0.009527397
Fifty Two Week Change Percent 41.39955
Fifty Two Week High 43.81
Fifty Two Week High Change -12.700001
Fifty Two Week High Change Percent -0.28988817
Fifty Two Week Low 21.7
Fifty Two Week Low Change 9.41
Fifty Two Week Low Change Percent 0.43364054
Fifty Two Week Range 21.7 - 43.81
Financial Currency USD
First Trade Date Milliseconds 99,153,000,000
Five Year Avg Dividend Yield 2.92
Float Shares 75,215,980
Forward Eps 2.33446
Forward P E 13.326423
Free Cashflow -171,881,504
Full Exchange Name NYSE
Full Time Employees 8,050
Fullday Change -0.3199997
Fullday Change Percent -1.0113771
Fullday Price 31.11
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.41259
Gross Profits 972,355,968
Has Pre Post Market Data 1
Held Percent Insiders 0.00803
Held Percent Institutions 1.09489
Implied Shares Outstanding 76,390,031
Industry Tools & Accessories
Industry Disp Tools & Accessories
Industry Key tools-accessories
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=119933&p=irol-irhome
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,786,406,400
Last Dividend Value 0.2
Last Fiscal Year End 1,782,777,600
Last Split Date 1,198,022,400
Last Split Factor 2:1
Long Business Summary Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide. It operates through two segments, Metal Cutting and Infrastructure. The Metal Cutting segment provides milling, hole making, turning, threading, and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships, and various types of industrial equipment under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands through its direct sales force, a network of independent and national distributors, integrated supplier channels, and digitally. Its Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders, such as 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 powders for the oil and gas, aerospace, and process industries; high temperature critical wear components, tungsten penetrators, and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers under the Kennametal brand through a direct sales force and distributors. The company was founded in 1938 and is based in Pittsburgh, Pennsylvania.
Long Name Kennametal Inc.
Market us_market
Market Cap 2,376,493,824
Market State REGULAR
Max Age 86,400
Message Board Id finmb_283484
Most Recent Quarter 1,782,777,600
Net Income To Common 342,388,992
Next Fiscal Year End 1,814,313,600
Non Diluted Market Cap 2,261,144,917
Number Of Analyst Opinions 7
Open 31.05
Operating Cashflow -4,008,000
Operating Margins 0.41251
Overall Risk 2
Payout Ratio 0.18100001
Peg Ratio 1.25
Phone 412 248 8000
Previous Close 31.32
Price Eps Current Year 6.273417
Price Hint 2
Price To Book 1.5103409
Price To Sales Trailing12 Months 1.0083997
Profit Margins 0.14528
Quick Ratio 0.745
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key underperform
Recommendation Mean 3.75
Region US
Regular Market Change -0.20999908
Regular Market Change Percent -0.67049515
Regular Market Day High 31.495
Regular Market Day Low 31.06
Regular Market Day Range 31.06 - 31.495
Regular Market Open 31.05
Regular Market Previous Close 31.32
Regular Market Price 31.11
Regular Market Time 1,791,993,441
Regular Market Volume 166,047
Return On Assets 0.104499996
Return On Equity 0.23853001
Revenue Growth 0.426
Revenue Per Share 30.922
Sand P52 Week Change 0.17004645
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Share Holder Rights Risk 4
Shares Outstanding 76,390,031
Shares Percent Shares Out 0.087299995
Shares Short 6,667,050
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 6,071,430
Short Name Kennametal Inc.
Short Percent Of Float 0.1427
Short Ratio 4.67
Source Interval 15
State PA
Symbol KMT
Target High Price 35.0
Target Low Price 27.0
Target Mean Price 31.42857
Target Median Price 30.0
Total Cash 95,791,000
Total Cash Per Share 1.257
Total Debt 763,705,984
Total Revenue 2,356,698,112
Tradeable 0
Trailing Annual Dividend Rate 0.8
Trailing Annual Dividend Yield 0.025542784
Trailing Eps 4.42
Trailing P E 7.0384617
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 34.61865
Two Hundred Day Average Change -3.508648
Two Hundred Day Average Change Percent -0.10135138
Type Disp Equity
Volume 166,047
Website https://www.kennametal.com
Zip 15,219