Kennametal Gets a Hold from BMO Capital

By Jason Carr

In a report released today, Joel Tiss from BMO Capital reiterated a Hold rating on Kennametal (NYSE: KMT), with a price target of $40. The company’s shares closed yesterday at $37.15.

According to, Tiss is a 4-star analyst with an average return of 10.3% and a 66.0% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, The Middleby Corp, and Parker Hannifin.

Kennametal has an analyst consensus of Moderate Buy, with a price target consensus of $45.67.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KMT in relation to earlier this year. Most recently, in January 2017, Timothy Mclevish, a Director at KMT bought 1,614 shares for a total of $50,454.

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Kennametal, Inc. engages in the manufacture and supply of tooling, engineered components and advanced materials that are consumed in production processes. It operates through the Industrial and Infrastructure segments. The Industrial segment serves focus on customers in the transportation, general engineering, aerospace and defense market sectors, as well as the machine tool industry. The Infrastructure segment focuses on customers in the energy and earthworks market sectors, which support primary industries such as oil and gas, power generation and chemicals; underground, surface and hard-rock mining; highway construction and road maintenance; process industries such as food and beverage. The company was founded in 1938 and is headquartered Pittsburgh, PA.