KMT Stock Summary and Trading Ideas (Kennametal | NYSE:KMT)

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.

Kennametal trades on the NYSE stock market under the symbol KMT.

As of April 19, 2024, KMT stock price climbed to $24.51 with 615,121 million shares trading.

KMT has a beta of 1.35, meaning it tends to be more sensitive to market movements. KMT has a correlation of 0.42 to the broad based SPY ETF.

KMT has a market cap of $1.94 billion. This is considered a Small Cap stock.

Last quarter Kennametal reported $495 million in Revenue and $.30 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.05.

In the last 3 years, KMT stock traded as high as $42.63 and as low as $20.21.

The top ETF exchange traded funds that KMT belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

KMT has underperformed the market in the last year with a return of -4.8%, while the SPY ETF gained +21.2%. In the last 3 month period, KMT fell short of the market, returning +1.5%, while SPY returned +4.3%. However, in the most recent 2 weeks KMT has outperformed the stock market by returning +2.2%, while SPY returned -3.5%.

KMT support price is $23.70 and resistance is $24.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KMT stock will trade within this expected range on the day.