Kennametal traded at $35.52 this Thursday July 16th, increasing $0.76 or 2.19 percent since the previous trading session. Looking back, over the last four weeks, Kennametal gained 2.31 percent. Over the last 12 months, its price rose by 42.94 percent. Looking ahead, we forecast Kennametal to be priced at 32.90 by the end of this quarter and at 30.88 in one year, according to Trading Economics global macro models projections and analysts expectations.
Kennametal Inc. is a provider of industrial technology that serves customers across the aerospace, earthworks, energy, general engineering and transportation end markets. The Company operates through two segments: Metal Cutting and Infrastructure. The Metal Cutting segment develops and manufactures tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets. This segment offers products such as milling, hole making, turning, threading and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships and various types of industrial equipment. The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the energy, earthworks and general engineering end markets. The Company markets its products under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands.