KENNAMETAL INC
boothcheck covers KENNAMETAL INC (KMT) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
The earnings trajectory turned sharply higher: fiscal Q3 2026 sales rose 22% to $592.6 million, operating margin expanded to 13.4% from 9.1%, and adjusted EPS jumped 65% to $0.77, prompting a raised full-year outlook of $3.75 to $4.00 adjusted EPS. Much of the surge traces to an unprecedented rise in tungsten pricing, which lifted revenue and margin but also caused operating cash flow to decline on inventory buildup. The tailwind is real, and it is double-edged. At $36.32 the price embeds abou
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301 institutional managers reported holding KMT in 13F filings for the quarter ended 2026-03-31. 73 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 5.3M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (4.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KMT has cut its share count 9.1% over the past five years, spending $270.59M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.80 a share annually. Cash returned over the past three years: $170.89M in dividends and $135.76M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at KMT over the trailing three years: 2024: 2 buys totaling $381k; 2025: 1 buy totaling $218k. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KMT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -5.6% | -11.4% |
| 2023-11-04 | +1.0% | +3.3% |
| 2024-02-08 | -5.2% | +0.7% |
| 2024-05-11 | +6.0% | -7.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KMT's latest 8-K filings: 2026-08-18 (items 5.02, 8.01); 2026-08-05 (items 2.02, 9.01); 2026-07-31 (items 8.01, 9.01); 2026-07-28 (items 5.02, 9.01); 2026-06-30 (items 5.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.