Kennametal Stock (NYSE:KMT), Trade Ideas

Kennametal

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.

News

Dividends

Price Target

Small Cap

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ALGT

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Industrials Stocks Delivering High-Dividend Yields

PAYX

Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Industrials Stocks With Over 3% Dividend Yields

Check Out 3 Industrials Stocks With Over 3% Dividend Yields From Wall Street&#39;s Most Accurate Analysts

Kennametal Inc

Komatsu Ltd

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"><em> high dividend payout. </em></a></p>
<p>Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"><em> by analyst accuracy </em></a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.</p>
<h3><strong>Kennametal Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 3.34%</li>
<li><strong>Barclays</strong> analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on April 2, 2024. This analyst has an accuracy rate of 76%.</li>
<li><strong>JP Morgan</strong> analyst Tami Zakaria maintained an Underweight rating and lowered the price target from $26 to $24 on Feb. 8, 2024. This analyst has an accuracy rate of 79%.</li>
<li><strong>Recent News:</strong> Kennametal named Sanjay Chowbey as President &amp; CEO effective June 1, 2024.</li>
</ul>
<h3><strong>Allegiant Travel Company</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algt#NASDAQ">ALGT</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 2.84%</li>
<li><strong>Susquehanna</strong> analyst Christopher Stathoulopoulos maintained Allegiant Travel with a Neutral and lowered the price target from $76 to $65 on April 9, 2024. This analyst has an accuracy rate of 68%.</li>
<li><strong>Raymond James</strong> analyst Savanthi Syth maintained an Outperform rating and cut the price target from $110 to $100 on Feb. 6, 2024. This analyst has an accuracy rate of 67%.</li>
<li><strong>Recent News:</strong> On March 29, Allegiant reported February 2024 traffic.</li>
</ul>
<h3><strong>Trinity Industries, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 4.04%</li>
<li><strong>Susquehanna</strong> analyst Bascome Majors maintained a Positive rating and slashed the price target from $32 to $30 on Feb. 23, 2024. This analyst has an accuracy rate of 62%.</li>
<li><strong>Stephens &amp; Co.</strong> analyst Justin Long maintained an Equal-Weight rating and cut the price target from $27 to $26 on Nov. 3, 2023. This analyst has an accuracy rate of 72%.</li>
<li><strong>Recent News:</strong> Trinity Industries said it will report its financial results for the three months ended March 31, 2024 before the opening bell on May 1, 2024.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38215285/citigroup-jpmorgan-and-3-stocks-to-watch-heading-into-friday"><em> Citigroup, JPMorgan And 3 Stocks To Watch Heading Into Friday</em></a></p>
<p>&nbsp;</p>


Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks Delivering High-Dividend Yields

<p>Analysts' ratings for Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $24.25, a high estimate of $25.00, and a low estimate of $24.00. A decline of 5.53% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712084435_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Kennametal. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$24.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$25.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kennametal. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Kennametal compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts explore the dynamics of price targets, providing estimates for the future value of Kennametal's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
<p>To gain a panoramic view of Kennametal's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/KMT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Kennametal analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>About Kennametal</h2>
<p>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.</p>
<h3>Kennametal's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Kennametal faced challenges, resulting in a decline of approximately <strong>-0.36%</strong> in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Kennametal's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>4.67%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>1.81%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>0.91%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at <strong>0.52</strong>.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What 4 Analyst Ratings Have To Say About Kennametal

<p>Barclays  analyst Julian Mitchell   maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Equal-Weight and lowers the price target from $25 to $24.</p>


Barclays Maintains Equal-Weight on Kennametal, Lowers Price Target to $24

Management

Kennametal Appoints Sanjay Chowbey As President & CEO Effective June 1, 2024; Christopher Rossi To Retire On May 31

<p>Kennametal Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) announced today that it has joined ModuleWorks' Strategic Partner Program. This program is a collective commitment to driving intelligent and integrated digital manufacturing solutions. Kennametal joins a variety of industry leaders in this program, such as Mitsubishi Electric, AutoDesk, PTC and DMG Mori, among others.</p>
<p>Joining the Strategic Partner Program supports Kennametal's strategic growth initiatives, especially improving service to small and medium General Engineering shops and builds on the company's capabilities for online tool selection, simulation and tooling packages.</p>
<p>"This partnership combines our robust application knowledge and materials science expertise with ModuleWorks' industry-leading software to deliver solutions that are technologically advanced and user-friendly, further supporting the evolving needs of our customers," said Sanjay Chowbey, President of Metal Cutting. &nbsp;</p>
<p>Kennametal's focus on the CAM market also addresses customer challenges, including the evolving workforce, creating a greater need for technical support helping customers machine with greater precision and efficiency while effectively reducing costs.</p>
<p>Dr. Yavuz Murtezaoglu, Founder and Managing Director of ModuleWorks added, "We are excited to welcome Kennametal to the Strategic Partner Program. The program gives solution providers the software development resources they need to empower their digitalization strategies and collectively advance automation in the manufacturing industry. As a cutting tool manufacturer, Kennametal extends the variety of partners in the program, thereby further driving the digitalization initiative in the industry."</p>


Kennametal Announces Strategic Partnership With CAM Software Leader ModuleWorks For Intelligent Manufacturing Solutions

<p>Investors eagerly anticipate the dividend payout from <b>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</b> on February 27, 2024. With a payout of $0.20 per share and an annualized dividend yield of 3.16%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 12, 2024</p>
<h3>Kennametal Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-12</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.16%</td>
<td>2024-01-30</td>
<td>2024-02-13</td>
<td>2024-02-27</td>
</tr>
<tr>
<td>2023-11-06</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.53%</td>
<td>2023-10-24</td>
<td>2023-11-07</td>
<td>2023-11-21</td>
</tr>
<tr>
<td>2023-08-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.62%</td>
<td>2023-08-01</td>
<td>2023-08-08</td>
<td>2023-08-22</td>
</tr>
<tr>
<td>2023-05-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.08%</td>
<td>2023-05-01</td>
<td>2023-05-09</td>
<td>2023-05-23</td>
</tr>
<tr>
<td>2023-02-13</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.65%</td>
<td>2023-02-06</td>
<td>2023-02-14</td>
<td>2023-02-28</td>
</tr>
<tr>
<td>2022-11-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.04%</td>
<td>2022-10-31</td>
<td>2022-11-08</td>
<td>2022-11-22</td>
</tr>
<tr>
<td>2022-08-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.98%</td>
<td>2022-08-01</td>
<td>2022-08-09</td>
<td>2022-08-23</td>
</tr>
<tr>
<td>2022-05-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.11%</td>
<td>2022-05-02</td>
<td>2022-05-10</td>
<td>2022-05-24</td>
</tr>
<tr>
<td>2022-02-14</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.37%</td>
<td>2022-02-07</td>
<td>2022-02-15</td>
<td>2022-03-01</td>
</tr>
<tr>
<td>2021-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.01%</td>
<td>2021-11-01</td>
<td>2021-11-09</td>
<td>2021-11-23</td>
</tr>
<tr>
<td>2021-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.21%</td>
<td>2021-08-02</td>
<td>2021-08-10</td>
<td>2021-08-24</td>
</tr>
<tr>
<td>2021-05-10</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.99%</td>
<td>2021-05-03</td>
<td>2021-05-11</td>
<td>2021-05-25</td>
</tr>
</tbody>
</table>
<p>In the realm of dividend yield, Kennametal reigns supreme among its industry peers, surpassing <b>Gorman-Rupp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRC#NYSE">GRC</a>)</b> with an annualized dividend yield of 1.97%.</p>
<h3>Analyzing Kennametal Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709046312_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2020 to 2023, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.</p>
<h3>YoY Earnings Growth For Kennametal</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709046312_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a growth in earnings for Kennametal from 2020 to 2023, as earnings per share increased from $0.81 to $1.58. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of Kennametal and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 3.16%.</p>
<p>In the realm of dividend yield, Kennametal reigns supreme among its industry peers, surpassing Gorman-Rupp with an annualized dividend yield of 1.97%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Kennametal indicates a sound financial status, which could enable the company to continue sharing profits with its investors.</p>
<p>It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.</p>
<p>[Track real-time stock fluctuations for Kennametal on Benzinga.](https://www.benzinga.com/quote/<b>Kennametal (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Enhancing Value: Kennametal Supports Investors with Growing Earnings

<p>Today, February 20, 2024, marks an important moment for investors of <b>Mueller Water Products (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWA#NYSE">MWA</a>)</b>. The company will distribute a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 1.85%. Remember, only shareholders prior to the ex-dividend date on February 08, 2024 are eligible for this payout.</p>
<h3>Mueller Water Products Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-08</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.85%</td>
<td>2024-01-25</td>
<td>2024-02-09</td>
<td>2024-02-20</td>
</tr>
<tr>
<td>2023-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>2.0%</td>
<td>2023-10-24</td>
<td>2023-11-09</td>
<td>2023-11-20</td>
</tr>
<tr>
<td>2023-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.53%</td>
<td>2023-07-26</td>
<td>2023-08-10</td>
<td>2023-08-21</td>
</tr>
<tr>
<td>2023-05-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.81%</td>
<td>2023-04-25</td>
<td>2023-05-10</td>
<td>2023-05-22</td>
</tr>
<tr>
<td>2023-02-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>2.0%</td>
<td>2023-01-27</td>
<td>2023-02-10</td>
<td>2023-02-21</td>
</tr>
<tr>
<td>2022-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>2.3%</td>
<td>2022-10-21</td>
<td>2022-11-10</td>
<td>2022-11-21</td>
</tr>
<tr>
<td>2022-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.83%</td>
<td>2022-07-27</td>
<td>2022-08-10</td>
<td>2022-08-22</td>
</tr>
<tr>
<td>2022-05-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.82%</td>
<td>2022-04-22</td>
<td>2022-05-10</td>
<td>2022-05-20</td>
</tr>
<tr>
<td>2022-02-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.82%</td>
<td>2022-01-27</td>
<td>2022-02-10</td>
<td>2022-02-21</td>
</tr>
<tr>
<td>2021-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.42%</td>
<td>2021-10-22</td>
<td>2021-11-10</td>
<td>2021-11-22</td>
</tr>
<tr>
<td>2021-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.51%</td>
<td>2021-07-29</td>
<td>2021-08-10</td>
<td>2021-08-20</td>
</tr>
<tr>
<td>2021-05-07</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>1.54%</td>
<td>2021-04-23</td>
<td>2021-05-10</td>
<td>2021-05-20</td>
</tr>
</tbody>
</table>
<p>When comparing Mueller Water Products's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</b> having the highest annualized dividend yield at 3.26%.</p>
<h3>Analyzing Mueller Water Products Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708441511_0.png" alt="dividend chart graph" /></p>
<p>From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.21 in 2020 to $0.24 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.</p>
<h3>YoY Earnings Growth For Mueller Water Products</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708441512_1.png" alt="earning chart graph" /></p>
<p>From 2020 to 2023, Mueller Water Products experienced a growth in earnings per share, with an increase from $0.51 to $0.64. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.</p>
<h3>Recap</h3>
<p>In this article, we explore the recent dividend payout of Mueller Water Products and its significance for shareholders. The company has decided to distribute a dividend of $0.06 per share today, which equates to an annualized dividend yield of 1.85%.</p>
<p>When comparing Mueller Water Products's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal having the highest annualized dividend yield at 3.26%.</p>
<p>With an increase in dividend per share and earnings per share from 2020 to 2023, Mueller Water Products demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.</p>
<p>To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Mueller Water Products's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Mueller Water Products Demonstrates Strong Performance and Increased Profits, Maximizing Returns for Shareholders

<p>JP Morgan  analyst Tami Zakaria   maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Underweight and lowers the price target from $26 to $24.</p>


JP Morgan Maintains Underweight on Kennametal, Lowers Price Target to $24

<p>Barclays  analyst Julian Mitchell   maintains Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Equal-Weight and lowers the price target from $26 to $25.</p>


Barclays Maintains Equal-Weight on Kennametal, Lowers Price Target to $25

Guidance

General

Kennametal Expects 2024 Sales Of $2.02B-$2.07B, With Adjusted EPS Of $1.35-$1.65 Versus Consensus Of $2.09B And $1.73, Respectively

Kennametal Expects Q3 2024 Sales Of $510M-$530M, With Adjusted EPS Of $0.25-$0.35 Versus Consensus Of $541.75M And $0.47, Respectively

Buybacks

Kennametal Announces Additional $200M Share Repurchase Program

<p>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.25 by 20 percent. This is a 11.11 percent increase over earnings of $0.27 per share from the same period last year.  The company reported quarterly sales of $495.32 million which missed the analyst consensus estimate of $498.64 million by 0.67 percent.  This is a 0.36 percent decrease over sales of $497.12 million the same period last year.</p>


Earnings

Kennametal Q2 EPS $0.30 May Not Be Comparable To $0.25 Estimate, Sales $495.32M Miss $498.64M Estimate

ACLS

ADNT

ALCO

APPS

ARCC

ASGN

ASND

AVXL

AZTA

BABA

BARK

BERY

BLBD

CDAY

CENT

CENTA

CFLT

CMRE

COTY

CRTO

CSGS

EEFT

ENTA

EQNR

FLNC

FLNG

FORM

FOXA

GEOS

GPRE

GPRO

HAIN

INTR

MCFT

MKSI

MPWR

MSGE

MTRX

NBIX

NOTV

NTGR

NVST

NWSA

OESX

ORLY

OSCR

PAHC

Earnings Scheduled For February 7, 2024

<p>At the end of today, January 19, 2024, <b>Helios Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLIO#NYSE">HLIO</a>)</b> will distribute a dividend payout of $0.09 per share, translating to an annualized dividend yield of 0.89%. Shareholders who held the stock before the ex-dividend date on January 03, 2024 will benefit from this payout.</p>
<h3>Helios Technologies Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-03</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.89%</td>
<td>2023-12-12</td>
<td>2024-01-04</td>
<td>2024-01-19</td>
</tr>
<tr>
<td>2023-10-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.67%</td>
<td>2023-09-25</td>
<td>2023-10-05</td>
<td>2023-10-20</td>
</tr>
<tr>
<td>2023-07-03</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.65%</td>
<td>2023-06-05</td>
<td>2023-07-05</td>
<td>2023-07-20</td>
</tr>
<tr>
<td>2023-04-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.52%</td>
<td>2023-03-09</td>
<td>2023-04-05</td>
<td>2023-04-20</td>
</tr>
<tr>
<td>2023-01-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.67%</td>
<td>2022-12-08</td>
<td>2023-01-05</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.72%</td>
<td>2022-09-23</td>
<td>2022-10-05</td>
<td>2022-10-20</td>
</tr>
<tr>
<td>2022-07-01</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.5%</td>
<td>2022-06-09</td>
<td>2022-07-05</td>
<td>2022-07-20</td>
</tr>
<tr>
<td>2022-04-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.5%</td>
<td>2022-03-10</td>
<td>2022-04-05</td>
<td>2022-04-20</td>
</tr>
<tr>
<td>2022-01-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.36%</td>
<td>2021-12-09</td>
<td>2022-01-05</td>
<td>2022-01-20</td>
</tr>
<tr>
<td>2021-10-04</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.41%</td>
<td>2021-09-27</td>
<td>2021-10-05</td>
<td>2021-10-20</td>
</tr>
<tr>
<td>2021-07-01</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.49%</td>
<td>2021-06-07</td>
<td>2021-07-05</td>
<td>2021-07-20</td>
</tr>
<tr>
<td>2021-04-01</td>
<td style="text-align: right;">4</td>
<td>$0.09</td>
<td>0.5%</td>
<td>2021-03-11</td>
<td>2021-04-05</td>
<td>2021-04-20</td>
</tr>
</tbody>
</table>
<p>In terms of dividend yield, Helios Technologies finds itself in the middle ground among its industry peers, while <b>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</b> takes the lead with the highest annualized dividend yield at 3.29%.</p>
<h3>Analyzing Helios Technologies Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676728_0.png" alt="dividend chart graph" /></p>
<p>Investors witnessed a steady dividend per share of $0.36 from 2020 to 2023, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.</p>
<h3>YoY Earnings Growth For Helios Technologies</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705676728_1.png" alt="earning chart graph" /></p>
<p>From 2020 to 2023, Helios Technologies experienced a growth in earnings per share, with an increase from $2.18 to $2.75. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.</p>
<h3>Recap</h3>
<p>In this article, we delve into Helios Technologies's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.09 per share today, resulting in an annualized dividend yield of 0.89%.</p>
<p>In terms of dividend yield, Helios Technologies finds itself in the middle ground among its industry peers, while Kennametal takes the lead with the highest annualized dividend yield at 3.29%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Helios Technologies indicates a sound financial status, which could enable the company to continue sharing profits with its investors.</p>
<p>To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.</p>
<p>\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


HLIO

Continued Investor Value: Helios Technologies Maintains Dividends as Earnings Expand

<p>Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) in the last three months.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Kennametal, presenting an average target of $24.75, a high estimate of $26.00, and a low estimate of $23.00. Experiencing a 11.61% decline, the current average is now lower than the previous average price target of $28.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1704744037_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>A clear picture of Kennametal's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>-</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$26.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$23.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$26.00</td>
<td>$30.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Kennametal. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Kennametal compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Kennametal's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Kennametal's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/KMT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Kennametal analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>All You Need to Know About Kennametal</h2>
<p>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.</p>
<h3>Unraveling the Financial Story of Kennametal</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Kennametal's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately <strong>-0.47%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Kennametal's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>6.1%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Kennametal's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of <strong>2.37%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Return on Assets (ROA):</strong> Kennametal's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.19%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Kennametal's debt-to-equity ratio is below the industry average at <strong>0.53</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Beyond The Numbers: 4 Analysts Discuss Kennametal Stock

<p>Morgan Stanley  analyst Angel Castillo   initiates coverage on Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) with a Equal-Weight rating and announces Price Target of $24.</p>


Initiation

Morgan Stanley Initiates Coverage On Kennametal with Equal-Weight Rating, Announces Price Target of $24

<p>Investors eagerly anticipate the dividend payout from <b>John Bean Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBT#NYSE">JBT</a>)</b> on January 02, 2024. With a payout of $0.10 per share and an annualized dividend yield of 0.39%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 15, 2023</p>
<h3>John Bean Techs Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-15</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.39%</td>
<td>2023-12-06</td>
<td>2023-12-18</td>
<td>2024-01-02</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.36%</td>
<td>2023-08-10</td>
<td>2023-08-21</td>
<td>2023-09-05</td>
</tr>
<tr>
<td>2023-05-24</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.39%</td>
<td>2023-05-12</td>
<td>2023-05-25</td>
<td>2023-06-08</td>
</tr>
<tr>
<td>2023-03-03</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.36%</td>
<td>2023-02-23</td>
<td>2023-03-06</td>
<td>2023-03-20</td>
</tr>
<tr>
<td>2022-12-16</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.44%</td>
<td>2022-12-07</td>
<td>2022-12-19</td>
<td>2023-01-02</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.35%</td>
<td>2022-08-11</td>
<td>2022-08-22</td>
<td>2022-09-06</td>
</tr>
<tr>
<td>2022-05-25</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.35%</td>
<td>2022-05-13</td>
<td>2022-05-26</td>
<td>2022-06-09</td>
</tr>
<tr>
<td>2022-03-04</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.39%</td>
<td>2022-02-24</td>
<td>2022-03-07</td>
<td>2022-03-21</td>
</tr>
<tr>
<td>2021-12-10</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.25%</td>
<td>2021-12-01</td>
<td>2021-12-13</td>
<td>2021-12-27</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.27%</td>
<td>2021-08-12</td>
<td>2021-08-23</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-26</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.28%</td>
<td>2021-05-17</td>
<td>2021-05-27</td>
<td>2021-06-10</td>
</tr>
<tr>
<td>2021-03-05</td>
<td style="text-align: right;">4</td>
<td>$0.1</td>
<td>0.27%</td>
<td>2021-02-25</td>
<td>2021-03-08</td>
<td>2021-03-22</td>
</tr>
</tbody>
</table>
<p>When comparing John Bean Techs's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</b> having the highest annualized dividend yield at 3.10%.</p>
<h3>Analyzing John Bean Techs Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1704207914_0.png" alt="dividend chart graph" /></p>
<p>The company has consistently maintained a dividend per share of $0.40 from 2020 to 2023. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.</p>
<h3>YoY Earnings Growth For John Bean Techs</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1704207914_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a growth in earnings for John Bean Techs from 2020 to 2023, as earnings per share increased from $4.43 to $4.51. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of John Bean Techs's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.10 per share, resulting in an annualized dividend yield of 0.39%.</p>
<p>When comparing John Bean Techs's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal having the highest annualized dividend yield at 3.10%.</p>
<p>Even though there has been no change in the dividend per share from 2020 to 2023, the rising earnings per share of John Bean Techs imply a solid financial footing, suggesting the company's ability to consistently reward shareholders with profit distributions.</p>
<p>To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.</p>
<p>[Monitor live stock price updates for John Bean Techs on Benzinga.](https://www.benzinga.com/quote/<b>John Bean Techs (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbt#NYSE">JBT</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Fostering Confidence: John Bean Techs Reliable Progress and Investor Expectations

<p>By the close of today, November 21, 2023, <b>Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</b> will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 3.53%. Only those investors who owned the stock prior to the ex-dividend date on November 06, 2023 will receive this payout.</p>
<h3>Kennametal Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-06</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.53%</td>
<td>2023-10-24</td>
<td>2023-11-07</td>
<td>2023-11-21</td>
</tr>
<tr>
<td>2023-08-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.62%</td>
<td>2023-08-01</td>
<td>2023-08-08</td>
<td>2023-08-22</td>
</tr>
<tr>
<td>2023-05-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.08%</td>
<td>2023-05-01</td>
<td>2023-05-09</td>
<td>2023-05-23</td>
</tr>
<tr>
<td>2023-02-13</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.65%</td>
<td>2023-02-06</td>
<td>2023-02-14</td>
<td>2023-02-28</td>
</tr>
<tr>
<td>2022-11-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.04%</td>
<td>2022-10-31</td>
<td>2022-11-08</td>
<td>2022-11-22</td>
</tr>
<tr>
<td>2022-08-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.98%</td>
<td>2022-08-01</td>
<td>2022-08-09</td>
<td>2022-08-23</td>
</tr>
<tr>
<td>2022-05-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>3.11%</td>
<td>2022-05-02</td>
<td>2022-05-10</td>
<td>2022-05-24</td>
</tr>
<tr>
<td>2022-02-14</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.37%</td>
<td>2022-02-07</td>
<td>2022-02-15</td>
<td>2022-03-01</td>
</tr>
<tr>
<td>2021-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.01%</td>
<td>2021-11-01</td>
<td>2021-11-09</td>
<td>2021-11-23</td>
</tr>
<tr>
<td>2021-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.21%</td>
<td>2021-08-02</td>
<td>2021-08-10</td>
<td>2021-08-24</td>
</tr>
<tr>
<td>2021-05-10</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.99%</td>
<td>2021-05-03</td>
<td>2021-05-11</td>
<td>2021-05-25</td>
</tr>
<tr>
<td>2021-02-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.11%</td>
<td>2021-02-01</td>
<td>2021-02-09</td>
<td>2021-02-23</td>
</tr>
</tbody>
</table>
<p>Kennametal is the leader in terms of dividend yield compared to its industry peers, with <b>Hyster-Yale Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HY#NYSE">HY</a>)</b> having the highest annualized dividend yield at 2.79%.</p>
<h3>Analyzing Kennametal Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1700579104_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2019 to 2022, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.</p>
<h3>YoY Earnings Growth For Kennametal</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1700579104_1.png" alt="earning chart graph" /></p>
<p>The earnings chart above reveals a decrease in Kennametal's earnings per share, declining from $2.49 in 2019 to $1.69 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.</p>
<h3>Recap</h3>
<p>In this article, we delve into Kennametal's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.20 per share today, resulting in an annualized dividend yield of 3.53%.</p>
<p>Kennametal is the leader in terms of dividend yield compared to its industry peers, with Hyster-Yale Materials having the highest annualized dividend yield at 2.79%.</p>
<p>The unaltered dividend per share during 2019 to 2022 does not overshadow the decreasing earnings per share for Kennametal. This downward trend raises concerns about the company's financial stability and its ability to sustain the distribution of profits to shareholders.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[Monitor live stock price updates for Kennametal on Benzinga.](https://www.benzinga.com/quote/<b>Kennametal (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Harnessing Strength: Kennametal Adapts to Market Conditions and Delivers on Promises

<h3>Gainers</h3>
<ul>
<li><strong>Kennametal</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) stock rose 14.4% to $27.8 during Thursday's pre-market session. The market value of their outstanding shares is at $2.2 billion. </li>
<li><strong>JanOne</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock moved upwards by 13.93% to $0.45. The market value of their outstanding shares is at $1.8 million. </li>
<li><strong>Eos Energy Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) shares increased by 9.16% to $1.31. The company's market cap stands at $207.0 million. </li>
<li><strong>Hyliion Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) stock moved upwards by 7.67% to $0.66. The market value of their outstanding shares is at $121.3 million. </li>
<li><strong>Broadwind</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWEN#NASDAQ">BWEN</a>) stock rose 7.46% to $2.59. The market value of their outstanding shares is at $55.4 million. The company's, Q3 earnings came out 3 days ago. </li>
<li><strong>Bitcoin Depot</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTM#NASDAQ">BTM</a>) shares moved upwards by 6.52% to $2.45. The market value of their outstanding shares is at $32.3 million. The company's, Q3 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Velo3D</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock fell 17.0% to $1.17 during Thursday's pre-market session. The market value of their outstanding shares is at $234.3 million. </li>
<li><strong>Applied UV</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVIP#NASDAQ">AUVIP</a>) stock declined by 8.34% to $2.2. </li>
<li><strong>Plug Power</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares decreased by 7.59% to $4.02. The company's market cap stands at $2.4 billion. </li>
<li><strong>Icahn Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) shares decreased by 6.44% to $18.31. The market value of their outstanding shares is at $7.5 billion. </li>
<li><strong>Gaucho Group Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) stock decreased by 5.62% to $0.71. The market value of their outstanding shares is at $1.6 million. </li>
<li><strong>Primech Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) shares fell 4.91% to $3.68. The market value of their outstanding shares is at $130.8 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Movers

AUVIP

BWEN

EOSE

HYLN

PLUG

PMEC

VINO

12 Industrials Stocks Moving In Thursday's Pre-Market Session

Loop Capital Markets analyst Chris Dankert reiterated a Hold rating on Kennametal (KMT – Research Report) today and set a price target of $23.00. T...

Loop Capital Markets Keeps Their Hold Rating on Kennametal (KMT)

Kennametal chooses Chowbey as new President/CEO, as Rossi set to retire

An announcement from Kennametal Inc. (KMT) is now available. Kennametal Inc. has announced the retirement of its CEO, Christopher Rossi, effective ...

Kennametal Inc. Announces CEO Transition and New Leadership Compensation

In a report released yesterday, Julian Mitchell from Barclays maintained a Hold rating on Kennametal (KMT – Research Report), with a price target o...

Kennametal (KMT) Receives a Rating Update from a Top Analyst

Tracking John Rogers' Ariel Investments Portfolio - Q4 2023 Update

Enerpac Tool Group: Assessing The Picture Heading Into Earnings, I Am Unimpressed

Warning: KMT is at high risk of performing badly

Barclays analyst Julian Mitchell maintained a Hold rating on Kennametal (KMT – Research Report) today and set a price target of $24.00. The company...

Barclays Sticks to Its Hold Rating for Kennametal (KMT)

Heartland Value Plus Fund Q1 2024 Portfolio Manager Commentary

BAIDF

BIDU

CHKP

EPAC

GNRC

GNTX

HLMN

LESL

MSFT

NTRS

NTRSO

REZI

SPHR

SRCL

Press Releases

Kennametal Named Among Newsweek's Most Responsible Companies

Kennametal to Host Earnings Conference Call & Webcast on Second Quarter Fiscal 2024 Results

Kennametal to Attend Barclays Industrial Select Conference

Kennametal Announces Fiscal 2024 Second Quarter Results and Additional $200 Million Share Repurchase Program

Kennametal Innovation Recognized as Edison Award Finalist

Kennametal to Attend J.P. Morgan Industrials Conference

Kennametal Announces Strategic Partnership with CAM Software Leader ModuleWorks for Intelligent Manufacturing Solutions

Kennametal Celebrates Leaders Recognized as 2024 Women MAKE Award Winners

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2024 Results