Kennametal Inc. (KMT) Stock Price & Analysis
Kennametal Inc. (KMT) closed at USD 29.59 on Thursday, October 22, 2026, down 4.89% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 31.11; the Oct 22, 2026 session ranged USD 28.86–30.56 on volume of 1,402,438 shares. Market capitalization is $2.26B, with a 52-week range of USD 21.7–43.81 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/KMT.md
Key facts (KMT)
- Last four reported quarters (through Jun 30, 2026): revenue $2.36B, net income $342M (14.5% margin), free cash flow -$80.9M (SEC filings).
- Valuation: P/E 6.6x (avg 14.8x at the last 3 fiscal year-ends), EV/EBITDA 4.6x, net debt $589M.
- 1 of 80 tracked superinvestors hold KMT (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Sell (mean 3.75 on a 1–5 scale) (8 analysts), mean target USD 31.43 (range 27–35).
- Total return with dividends: 1Y +33.3% vs S&P 500 +14.9%; 5Y -10.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 2.65, revenue estimate $770M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (KMT)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.01B | $2.08B | $2.05B | $1.97B | $2.36B | $2.36B |
| Gross profit | $648M | $646M | $627M | $598M | $970M | — |
| Operating income | $218M | $192M | $170M | $143M | $473M | $473M |
| Net income | $145M | $118M | $109M | $93.1M | $342M | $342M |
| EPS (diluted) | $1.72 | $1.46 | $1.37 | $1.20 | $4.42 | — |
| Free cash flow | -$278M | $164M | $170M | $119M | -$80.9M | -$80.9M |
| Gross margin | 32.2% | 31.1% | 30.6% | 30.4% | 41.2% | — |
| Operating margin | 10.8% | 9.3% | 8.3% | 7.3% | 20.1% | 20.1% |
| Net margin | 7.2% | 5.7% | 5.3% | 4.7% | 14.5% | 14.5% |
| Revenue growth | +9.3% | +3.3% | -1.5% | -3.9% | +19.8% | — |
| Cash + short-term investments | $85.6M | $106M | $128M | $141M | $95.8M | — |
| Total debt | $599M | $599M | $599M | $599M | $685M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (KMT)
P/E 6.6x · P/S 1.0x · EV/EBITDA 4.6x · EV/Sales 1.2x · P/B 1.4x · FCF yield -3.58% · Earnings yield 15.15% · Dividend yield (paid, TTM) 2.69% · Buyback yield (TTM) 0.45% · Net debt $589M · EV $2.85B
P/E at fiscal year-ends: Jun 2026 7.9x, Jun 2025 19.2x, Jun 2024 17.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (KMT)
1 of 80 tracked investors hold KMT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | <0.01% | $274K | Reduced -99.1% |
Analysts (KMT)
Consensus Sell (mean 3.75 on a 1–5 scale), 8 analysts; mean target USD 31.43 (low 27, high 35).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | JP Morgan | Target lowered | Underweight | $34 → $30 |
| 2026-08-11 | DA Davidson | Target lowered | Neutral | $34 → $30 |
| 2026-08-10 | UBS | Target lowered | Neutral | $39 → $35 |
| 2026-08-10 | Morgan Stanley | Downgrade | Equal-Weight → Underweight | $31 → $27 |
| 2026-07-17 | Morgan Stanley | Target lowered | Equal-Weight | $36 → $31 |
| 2026-07-13 | JP Morgan | Target lowered | Underweight | $40 → $34 |
Total return (dividends reinvested) (KMT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +33.3% | -10.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +33.4% | -2.3% |
| Volatility (annualized) | 44.2% | 34.0% |
| Max drawdown | -31.9% (May 2026→Sep 2026) | -47.9% (Oct 2021→Apr 2025) |
KMT revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Metal Cutting | $397.8M | 54.0% | +24.1% |
| Infrastructure | $338.8M | 46.0% | +73.0% |
| Total revenue | $736.6M | 100% | — |
KMT revenue by region (fiscal year ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.02B | 43.2% | +28.1% |
| Germany | $297.9M | 12.6% | +12.9% |
| Other | $234.4M | 9.9% | +11.2% |
| China | $219.3M | 9.3% | +15.7% |
| India | $143.4M | 6.1% | +20.1% |
| Canada | $101.3M | 4.3% | +6.4% |
| Italy | $70.1M | 3.0% | +19.6% |
| France | $62.7M | 2.7% | +16.4% |
| Mexico | $58.5M | 2.5% | +30.9% |
| South Africa | $56.1M | 2.4% | +21.5% |
| Spain | $34.9M | 1.5% | +6.9% |
| United Kingdom | $32.6M | 1.4% | +2.1% |
| Brazil | $27.7M | 1.2% | +8.4% |
| Total revenue | $2.36B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
KMT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Toolpath Labs | “Recent initiatives include our strategic partnerships with Toolpath Labs, Inc. during fiscal 2025 and ModuleWorks GmbH during fiscal 2024, which support our digital manufacturing and intelligent machining solutions strategy.” |
| Partner | ModuleWorks | “Recent initiatives include our strategic partnerships with Toolpath Labs, Inc. during fiscal 2025 and ModuleWorks GmbH during fiscal 2024, which support our digital manufacturing and intelligent machining solutions strategy.” |
Quoted from the company's 10-K filed Aug 12, 2026.
KMT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.65 | $1.55 | +71.3% | $770.4M | 8 |
| Next quarter (ends Dec 2026) | $1.36 | $0.99 | +37.7% | $840.6M | 5 |
| Current fiscal year (ends Jun 2027) | $4.96 | $3.81 | +30.1% | $3.38B | 8 |
| Next fiscal year (ends Jun 2028) | $2.44 | $2.38 | +2.5% | $3.48B | 5 |
KMT options: expected move
Options price a move of about ±13.4% (±$3.97) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±10.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 58.9% | ±13.4% |
| Dec 18, 2026 | 56 | 58.4% | ±18.7% |
| Jan 15, 2027 | 84 | 50.5% | ±19.6% |
| Apr 16, 2027 | 175 | 46.9% | ±25.9% |
30-day implied volatility 55.2% vs 29.2% realized over the last 30 trading days. Put/call ratio (volume) 0.33. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:11 UTC)
| Price | USD 29.59 |
|---|---|
| Change | ▼ 4.89% (down) |
| Previous Close | USD 31.11 |
| Open | USD 30.55 |
| Day Range | USD 28.86 – 30.56 |
| 52-Week Range | USD 21.7 – 43.81 |
| Volume | 1,402,438 shares |
| Market Cap | $2.26B |
| Exchange | NYQ |
Technical Analysis (KMT)
Nexqual's technical model rates KMT "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:11 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 36.78 (neutral) |
| vs SMA50 | Below (USD 30.52) |
| MACD | -0.06 (negative) |
Analyst Ratings (KMT)
Wall Street analysts rate KMT "Sell" based on 8 analysts, with a mean price target of USD 31.43 (range USD 27–35), per Nexqual as of October 23, 2026 at 09:11 UTC.
| Consensus Rating | Sell |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 31.43 |
| High Target | USD 35 |
| Low Target | USD 27 |
| Buy / Hold / Sell | 0 / 4 / 4 |
Earnings (KMT)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 2.65 |
| Revenue Estimate | $770.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.96 vs est 2.31 ▲ beat |
| 2026-03-31 | USD 0.77 vs est 0.67 ▲ beat |
| 2025-12-31 | USD 0.47 vs est 0.38 ▲ beat |
| 2025-09-30 | USD 0.34 vs est 0.24 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Financials & Fundamentals (KMT)
| Total Revenue | $2.36B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +42.60% |
| Gross Margin | +41.26% |
| Operating Margin | +41.25% |
| Profit Margin | +14.53% |
| ROE | +23.85% |
| Debt / Equity | 0.47 |
| Current Ratio | 2.62 |
| Total Cash | $95.79M |
| Total Debt | $763.71M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$80.91M (-3.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Financial Health Score (KMT)
Nexqual rates Kennametal Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:11 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 41%, operating 41% (last 12 months) |
| Balance Sheet | Strong — $96M cash and investments vs $685M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$81M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Strong — ROE 24%, ROA 10.4% |
Ownership (KMT)
| Insider Ownership | +0.80% |
|---|---|
| Institutional Ownership | +109.61% |
| Shares Outstanding | 76.39M |
| Float | 75.22M |
| Short % of Float | +10.37% |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Leadership (KMT)
Kennametal Inc. is led by Sanjay K. Chowbey, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:11 UTC.
| President, CEO & Director | Sanjay K. Chowbey |
|---|---|
| VP of Finance & CFO | Patrick S. Watson |
| VP & President of the Metal Cutting | David Bersaglini |
| VP & President of Infrastructure | Faisal Saad Hamadi |
| VP & CTO | Carlonda R. Reilly |
Major Backers & Investors (KMT)
Notable institutional backers of Kennametal Inc. include American Century Companies Inc, FMR, LLC, Arrowstreet Capital, Limited Partnership, according to Nexqual as of October 23, 2026 at 09:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 4% |
| FMR, LLC | 3.36% |
| Arrowstreet Capital, Limited Partnership | 2.93% |
| William Blair Investment Management, LLC | 2.6% |
| Fidelity | 2.22% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.45% |
| Vanguard Group | 12.32% |
| Dimensional Fund Advisors | 6.3% |
| State Street | 4.04% |
| Geode Capital | 2.95% |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
From Kennametal Inc.'s Latest SEC 10-K Filing (filed 2026-08-12)
Key Strengths & Strategy (as disclosed to the SEC)
- However, these measures may be inadequate to protect our intellectual property from infringement by others or prevent misappropriation of our proprietary rights.
- Our inability to protect our proprietary information and enforce or defend our intellectual property rights in proceedings initiated by us or brought against us could have a material adverse effect on our business, financial condition and results of operations.
- We bring together material science, technical expertise, innovation and customer service in a way that allows us to anticipate customers' needs and help them overcome problems and achieve their manufacturing objectives.
- INFRASTRUCTURE Our Infrastructure segment produces engineered tungsten carbide and ceramic components, earth cutting tools, and advanced metallurgical powders, primarily for the Earthworks, General Engineering, Energy and Aerospace & Defense end markets.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HLMN | Hillman Solutions Corp. | USD 7.36 | ▲ 1.38% |
| TKR | Timken Company (The) | USD 108.4 | ▼ 5.71% |
| TTC | Toro Company (The) | USD 105.32 | ▲ 1.91% |
| LECO | Lincoln Electric Holdings, Inc. | USD 256.98 | ▼ 2.34% |
| SWK | Stanley Black & Decker, Inc. | USD 98.97 | ▲ 3.7% |
| RBC | RBC Bearings Incorporated | USD 478.03 | ▼ 5.24% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:11 UTC. This page is informational and not investment advice.
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