Sanjay Chowbey Buys 7,000 Shares of Kennametal (NYSE:KMT) Stock

Posted by Stanley Muller on Sep 13th, 2026

Kennametal Inc. (NYSE:KMT – Get Free Report) CEO Sanjay Chowbey bought 7,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average price of $29.10 per share, with a total value of $203,700.00. Following the completion of the purchase, the chief executive officer directly owned 246,839 shares of the company’s stock, valued at approximately $7,183,014.90. The trade was a 2.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kennametal Trading Up 1.1%

Shares of KMT stock opened at $29.45 on Friday. Kennametal Inc. has a fifty-two week low of $20.35 and a fifty-two week high of $43.81. The stock’s fifty day moving average price is $32.19 and its two-hundred day moving average price is $35.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 2.62. The company has a market cap of $2.24 billion, a PE ratio of 6.69, a P/E/G ratio of 0.29 and a beta of 1.34.

Kennametal (NYSE:KMT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to analysts’ expectations of $725.74 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%.Kennametal’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. Kennametal has set its Q1 2027 guidance at 2.500-2.800 EPS and its FY 2027 guidance at 4.150-5.150 EPS. Equities analysts predict that Kennametal Inc. will post 4.82 EPS for the current fiscal year.

Kennametal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 11th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. Kennametal’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

KMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Kennametal from $40.00 to $34.00 and set an “underweight” rating for the company in a research report on Monday, July 13th. UBS Group cut their target price on shares of Kennametal from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. DA Davidson decreased their target price on shares of Kennametal from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kennametal in a report on Monday, August 17th. Finally, Barclays cut Kennametal from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $40.00 to $33.00 in a research note on Wednesday, May 27th. Five equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $34.07.

View Our Latest Stock Analysis on Kennametal

Institutional Investors Weigh In On Kennametal

Several hedge funds have recently added to or reduced their stakes in KMT. Royal Bank of Canada lifted its holdings in shares of Kennametal by 17.7% during the first quarter. Royal Bank of Canada now owns 30,474 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 4,578 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kennametal by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,307 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 2,013 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kennametal by 13.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 240,556 shares of the industrial products company’s stock worth $5,124,000 after purchasing an additional 28,020 shares during the last quarter. Jane Street Group LLC raised its position in Kennametal by 39.3% during the 1st quarter. Jane Street Group LLC now owns 229,903 shares of the industrial products company’s stock worth $4,897,000 after purchasing an additional 64,907 shares during the last quarter. Finally, Norges Bank acquired a new position in Kennametal during the 2nd quarter worth about $585,000.

Kennametal Company Profile

(Get Free Report)

Kennametal Inc (NYSE: KMT) is an industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions for demanding applications. Its products are designed to help customers cut, shape, drill and protect materials used in manufacturing, transportation, energy, infrastructure and other industrial markets.

The company’s offerings include carbide and ceramic cutting tools, indexable inserts, solid carbide tooling, toolholding systems and related metal-cutting products.