How to Buy Kennametal Stock
Kennametal Inc
Kennametal is a tool & accessory company located in Pennsylvania, United States, which is part of the Industrials sector, and is traded under the ticker KMT on the NYSE exchange.
Kennametal stock last closed at $23.76, down 2.98% from the previous day, and has decreased 5.98% in one year. It has underperformed other stocks in the Tools & Accessories industry by 0.11 percentage points. Kennametal stock is currently +7.63% from its 52-week low of $22.08, and -22.35% from its 52-week high of $30.60.
At the moment, there are 79.27M KMT shares outstanding. The market value of KMT is $1.88B. In the past 24 hours, 862,025 KMT shares were traded.
How to Buy Kennametal Stock
Wondering how to invest in Kennametal stock? Here's how.
- Figure out where to buy Kennametal stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Kennametal stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Evaluate Kennametal stock: The Kennametal ticker symbol is KMT. Is Kennametal stock a good investment? Should you buy shares of KMT? How do KMT's underlying business fundamentals look? Do top analysts think Kennametal is a good buy? Why has KMT's stock price moved recently? (Hint: Our stock market research tools can help you understand if KMT is a good stock to buy).
- Place your KMT buy order: Decide if you will purchase KMT shares at the current market price or use a limit order to purchase KMT shares at a particular price.
- Keep tabs on your KMT investment: Create a watchlist to key updates about your position in Kennametal stock.
Step 1: Figure out where to buy Kennametal stock
You need a brokerage account in order to access the NYSE market and buy KMT shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Tech to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal information so you can invest in KMT stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've filled out your info on stock market apps, your next step is to transfer the money for your investment:
Watch the tutorial below for more details depositing money into your new investment account.
Step 4: Evaluate Kennametal stock
After you have identified the best place to buy Kennametal stock, it's critical to research their stock before you invest, so you actually understand the risk as well as the opportunity.
Kennametal Numbers
KMT Fundamentals
WallStreetZen was built to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on KMT's stock page.
Is KMT stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge KMT's intrinsic value.
Using relative valuations metrics:
- KMT could be overvalued based on its P/E ratio of 15.53x, relative to Tools & Accessories industry P/E ratio of 3.79x
- KMT could be undervalued based on its P/B ratio of 1.46x, relative to Tools & Accessories industry P/B ratio of 2.68x
- KMT may be undervalued based on its PEG ratio of 0.49x
You can access more valuation analysis on KMT's stock here.
A look at KMT Cashflows and Balance Sheet
Passed Financial Due Diligence Checks:
- Total KMT debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the KMT balance sheet.
- There are more short-term assets than short-term liabilities on the KMT balance sheet.
- KMT earnings of $175.92M is not enough to cover its interest payments.
- KMT's operating cash flow of $293.74M allows it to safely service it's debt of $666.21M.
Failed Financial Due Diligence Checks:
- KMT profit margin has gone down from 6.2% to 5.9% in the past year.
- KMT has a relatively high debt to equity ratio of 0.94.
Is it a good time to buy Kennametal stock, according to analysts?
Out of 4 Wall Street analysts who give forecasts on KMT, the consensus analyst rating on Kennametal is a Sell
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Kennametal stock forecast page.
KMT Technical Indicators
KMT Revenue
Last year, KMT earnings were $121.53M. During the last 5 year, KMT's earnings have gone up by -11.39% per year. This was slower than the Tools & Accessories industry average of 6.02%.
Last year, KMT revenue was $2.07B. During the last five year, KMT's revenue has grown by -3.1% per year. This was slower than the Tools & Accessories industry average of 6.67%.
Learn more about KMT's earnings and revenue performance here.
Latest Insiders Trades at KMT
Over the past 12 months, executives and large shareholders at KMT have bought more shares than they have sold.
John Wayne Witt, Vice President of KMT, was the latest KMT insider to sell. They sold $25,550.00 worth of KMT stock on Mar 7, 2024.
Learn more about who owns KMT stock here.
Can I rely on KMT as an income stream?
Kennametal pays a dividend of 3.37%, compared to the Tools & Accessories industry's average dividend yield of 2.33%. If you owned $1,000 worth of KMT stock, you would have received $33.67 in the past year.
Kennametal dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Kennametal dividend yield and history here.
KMT Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your KMT buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and eToro will place the order.
If you require more help with buying stocks on eToro, click the how to video below:
Step 6: Keep tabs on your KMT investment
Now that you own some shares in KMT, you'll want to keep up with your company.
Add KMT to a watchlist to get notified of important updates regarding your KMT stock.
KMT Feed
How to Buy Stock in Kennametal
To summarize, here are the 6 steps for buying Kennametal stock:
- Figure out where to buy Kennametal stock
- Open a brokerage account
- Deposit money your brokerage account
- Evaluate Kennametal stock
- Place your KMT buy order
- Keep tabs on your KMT investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Kennametal, click below.
Other Articles You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.