Fintel reports that on January 13, 2026, Jefferies upgraded their outlook for Kennametal (NYSE:KMT) from Hold to Buy.
Analyst Price Forecast Suggests 22.63% Downside
As of December 21, 2025, the average one-year price target for Kennametal is $25.76/share. The forecasts range from a low of $20.20 to a high of $29.40. The average price target represents a decrease of 22.63% from its latest reported closing price of $33.29 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kennametal is 2,166MM, an increase of 9.24%. The projected annual non-GAAP EPS is 2.28.
What is the Fund Sentiment?
There are 536 funds or institutions reporting positions in Kennametal. This is an decrease of 33 owner(s) or 5.80% in the last quarter. Average portfolio weight of all funds dedicated to KMT is 0.13%, an increase of 8.55%. Total shares owned by institutions decreased in the last three months by 2.08% to 98,887K shares. 
The put/call ratio of KMT is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Brandes Investment Partners holds 10,326K shares representing 13.57% ownership of the company. In its prior filing, the firm reported owning 8,154K shares , representing an increase of 21.03%. The firm increased its portfolio allocation in KMT by 2.44% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 4,541K shares representing 5.97% ownership of the company. In its prior filing, the firm reported owning 4,780K shares , representing a decrease of 5.27%. The firm increased its portfolio allocation in KMT by 1.52% over the last quarter.
American Century Companies holds 4,221K shares representing 5.55% ownership of the company. In its prior filing, the firm reported owning 2,932K shares , representing an increase of 30.55%. The firm increased its portfolio allocation in KMT by 22.92% over the last quarter.
Ariel Investments holds 3,778K shares representing 4.96% ownership of the company. In its prior filing, the firm reported owning 4,971K shares , representing a decrease of 31.59%. The firm decreased its portfolio allocation in KMT by 37.19% over the last quarter.
Fisher Asset Management holds 2,517K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 2,565K shares , representing a decrease of 1.89%. The firm decreased its portfolio allocation in KMT by 18.43% over the last quarter.
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