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

September 12, 2026 by InsiderTrades.com

Key Points

CEO Sanjay Chowbey bought 7,000 Kennametal shares at $29.10 each, investing $203,700 and increasing his stake by 2.92% to 246,839 shares.
Kennametal reported strong quarterly results, with earnings per share of $2.96 beating estimates of $2.31 and revenue rising 42.6% year over year to $736.61 million.
Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a consensus price target of $34.07, while Kennametal pays a quarterly dividend of $0.20 per share, yielding about 2.7%.

Kennametal Inc. (NYSE:KMT - Get Free Report) CEO Sanjay Chowbey purchased 7,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $29.10 per share, for a total transaction of $203,700.00. Following the completion of the acquisition, the chief executive officer 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kennametal Trading Up 1.1%

KMT stock opened at $29.45 on Friday. The company has a market capitalization 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 Inc. has a 12 month low of $20.35 and a 12 month high of $43.81. The firm's 50-day moving average is $32.19 and its 200 day moving average is $35.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.62 and a quick ratio of 0.98.

Kennametal (NYSE:KMT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.65. The company had revenue of $736.61 million during the quarter, compared to analyst estimates of $725.74 million. Kennametal had a net margin of 14.53% and a return on equity of 24.83%. The firm's revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the business posted $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. On average, research analysts anticipate that Kennametal Inc. will post 4.82 EPS for the current 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Kennametal's payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on Kennametal from $39.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. decreased their target price on Kennametal from $40.00 to $34.00 and set an "underweight" rating for the company in a research report on Monday, July 13th. DA Davidson lowered their target price on Kennametal from $34.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kennametal in a report on Monday, August 17th. Finally, Morgan Stanley downgraded Kennametal from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $31.00 to $27.00 in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $34.07.

Get Our Latest Report on KMT

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Kennametal in the 2nd quarter worth $440,446,000. California State Teachers Retirement System increased its position in Kennametal by 3,301.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,927,832 shares of the industrial products company's stock valued at $102,621,000 after buying an additional 2,841,750 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Kennametal during the 2nd quarter valued at about $69,614,000. Medina Value Partners LLC purchased a new stake in Kennametal in the second quarter valued at about $43,007,296. Finally, NFJ Investment Group LLC purchased a new stake in Kennametal in the second quarter valued at about $36,202,000.

About Kennametal

(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.