KENNAMETAL INC KMT
COM · Common Stock · CUSIP 489170100
American supplier of tooling and industrial materials
- SectorIndustrials
- IndustryMachine Tools, Metal Cutting Types
- HeadquartersPittsburgh, PA
- Founded1938
- Websitekennametal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.7m this quarter). Holder counts are more reliable. Shares outstanding: 79.6m as of 2023-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $24.96. Options: 5 managers hold calls ($733.5k notional), 4 hold puts ($295.1k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 204 |
| Q4 2022 | 197 |
| Q1 2023 | 192 |
| Q2 2023 | 224 |
| Q3 2023 | 223 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 75 | 109 |
| Q1 2023 | 101 | 80 |
| Q2 2023 | 121 | 84 |
| Q3 2023 | 101 | 109 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $1.4m | $579.2k | 0.43 |
| Q1 2023 | $2.3m | $402.6k | 0.18 |
| Q2 2023 | $7.3m | $101.5k | 0.01 |
| Q3 2023 | $733.5k | $295.1k | 0.40 |
Biggest buyers
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +298.0k |
| Man Group plc | New | +280.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +264.5k |
| TWO SIGMA ADVISERS, LP | Added | +216.6k |
| CITADEL ADVISORS LLC | Added | +189.0k |
| NORGES BANK | Added | +179.8k |
| D. E. Shaw & Co., Inc. | Added | +177.3k |
| Squarepoint Ops LLC | Added | +159.5k |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +124.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +116.4k |
Biggest sellers
| FMR LLC | Reduced | -563.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -535.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -510.2k |
| Tinicum Inc | Reduced | -442.8k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -354.0k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -252.0k |
| BlackRock Inc. | Reduced | -242.5k |
| COMERICA BANK | Reduced | -187.6k |
| ARIEL INVESTMENTS, LLC | Reduced | -140.8k |
| JPMORGAN CHASE & CO | Reduced | -118.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $465.3k18.7k shares |
| CITADEL ADVISORS LLC | Added | $201.5k8.1k shares |
| GROUP ONE TRADING LLC | Added | $59.7k2.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.0k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $238.8k9.6k shares |
| CITADEL ADVISORS LLC | Added | $42.3k1.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2025-04-30 | 15.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.3% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-01-23 | 6.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: BRANDES INVESTMENT PARTNERS, LP (2.3%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), AMERICAN CENTURY INVESTMENT MANAGEMENT INC (4.1%, 2026-02-13), ARIEL INVESTMENTS, LLC (5.0%, 2025-11-14)
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 1 | $29.1k | 0 | — | — |
| Q2 2022 | 1 | $962.6k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 1 | $17.9k | — |
| Q1 2023 | 0 | — | 1 | $44.9k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $322.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-14 | Davis Cindy L Director | Sold | $291.5k11.4k shares |
| 2023-09-14 | Harvey William J. Director | Sold | $31.0k1.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 13.2m $328.9m | Reduced -242.5k |
| ARIEL INVESTMENTS, LLC 2.56% of their portfolio | 9.7m $242.3m | Reduced -140.8k |
| VANGUARD GROUP INC 0.01% of their portfolio | 9.4m $232.9m | Reduced -38.2k |
| Burgundy Asset Management Ltd. 1.43% of their portfolio | 4.7m $116.4m | Added +66.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 4.4m $108.9m | Reduced -97.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 3.9m $97.9m | Reduced -535.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 3.3m $81.5m | Added +357 |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $75.1m | Reduced -28.8k |
| Tinicum Inc 100.00% of their portfolio | 3.0m $73.4m | Reduced -442.8k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 2.6m $64.0m | Reduced -57.2k |
| FMR LLC 0.00% of their portfolio | 1.7m $42.2m | Reduced -563.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.16% of their portfolio | 1.7m $41.5m | Reduced -21.5k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.7m $41.1m | Reduced -510.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $40.8m | Added +60.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.22% of their portfolio | 1.5m $38.4m | Reduced -252.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $33.0m | Reduced -32.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $29.4m | Added +31.8k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.0m $25.7m | Reduced -339 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $25.1m | Reduced -5.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 943.5k $23.5m | Reduced -65.7k |
| MORGAN STANLEY 0.00% of their portfolio | 737.0k $18.3m | Reduced -105.2k |
| NORGES BANK 0.00% of their portfolio | 646.3k $16.1m | Added +179.8k |
| HEARTLAND ADVISORS INC 0.88% of their portfolio | 630.2k $15.7m | Added +69.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 606.3k $15.1m | Reduced -85.9k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 574.2k $14.3m | Added +264.5k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 561.1k $14.0m | Added +216.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 481.2k $12.0m | Added +298.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 453.5k $11.3m | Reduced -17.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 450.5k $11.2m | Added +189.0k |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 425.0k $10.6m | Added +41.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 303.4k $7.5m | Added +177.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 285.9k $7.1m | Added +80.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 282.9k $7.0m | Added +116.4k |
| Invesco Ltd. 0.00% of their portfolio | 280.1k $7.0m | Added +26.7k |
| Man Group plc 0.02% of their portfolio | 280.1k $7.0m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 262.6k $6.5m | Reduced -2.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 260.4k $6.5m | Reduced -27.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 247.2k $6.2m | Added +36.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 245.8k $6.1m | Added +124.3k |
| GAMCO INVESTORS, INC. ET AL 0.07% of their portfolio | 235.9k $5.9m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 224.0k $5.6m | Reduced -8.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 222.0k $5.5m | Reduced -4.6k |
| Squarepoint Ops LLC 0.03% of their portfolio | 218.1k $5.4m | Added +159.5k |
| Trexquant Investment LP 0.13% of their portfolio | 211.9k $5.3m | Added +82.1k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 198.0k $4.9m | Added +19.3k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 197.5k $4.9m | Added +37.3k |
| Swiss National Bank 0.00% of their portfolio | 167.6k $4.2m | Added +1.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 141.0k $3.5m | Reduced -118.4k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 138.2k $3.4m | Added +53.4k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 130.0k $3.2m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 124.1k $3.1m | Added +113.5k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 120.2k $3.0m | Reduced -3.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 117.4k $2.9m | Reduced -10.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 103.4k $2.6m | Added +29.6k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 98.5k $2.5m | Reduced -44.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 96.1k $2.4m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 94.6k $2.4m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 93.2k $2.3m | Reduced -6.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 93.0k $2.3m | Added +63.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 89.1k $2.2m | Reduced -354.0k |
| GSA CAPITAL PARTNERS LLP 0.18% of their portfolio | 86.2k $2.1m | Added +72.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 85.2k $2.1m | Reduced -8.9k |
| Holocene Advisors, LP 0.01% of their portfolio | 84.4k $2.1m | Added +12.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 82.5k $2.1m | Added +8.7k |
| BARCLAYS PLC 0.00% of their portfolio | 82.3k $2.0m | Reduced -16.9k |
| Jump Financial, LLC 0.08% of their portfolio | 81.3k $2.0m | Added +73.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 78.0k $1.9m | Added +6.6k |
| PDT Partners, LLC 0.23% of their portfolio | 74.3k $1.8m | Added +87 |
| SG Americas Securities, LLC 0.02% of their portfolio | 72.5k $1.8m | Added +62.7k |
| BRANDES INVESTMENT PARTNERS, LP 0.03% of their portfolio | 69.2k $1.7m | Added +11.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 68.3k $1.7m | Reduced -2.6k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio | 67.7k $1.7m | Reduced -3.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 65.0k $1.6m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 64.0k $1.6m | Added +594 |
| Gotham Asset Management, LLC 0.03% of their portfolio | 59.7k $1.5m | Added +50.5k |
| COMERICA BANK 0.01% of their portfolio | 53.5k $1.3m | Reduced -187.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 53.3k $1.3m | Reduced -37.4k |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 49.6k $1.2m | Reduced -3.2k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 48.8k $1.2m | New |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 44.4k $1.1m | Reduced -26.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 44.2k $1.1m | Added +916 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 42.6k $1.1m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 42.5k $1.1m | Added +271 |
| ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio | 41.4k $1.0m | Added +876 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 41.3k $1.0m | Reduced -2.4k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 40.6k $1.0m | Reduced -1.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 40.1k $997.4k | Added +6.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 40.0k $994.3k | Reduced -97.6k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 39.6k $985.3k | Reduced -2.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 39.4k $979.1k | Added +4.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 38.7k $962.9k | Added +17.5k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 37.2k $926.7k | Unchanged |
| South Dakota Investment Council 0.02% of their portfolio | 36.2k $902.0k | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 35.3k $879.0k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 35.3k $879.0k | Added +1.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 34.5k $858.6k | Added +5 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 34.4k $856.3k | Reduced -182 |
| Versor Investments LP 0.17% of their portfolio | 34.3k $852.2k | Added +27.2k |
| Dynamic Technology Lab Private Ltd 0.09% of their portfolio | 34.2k $852.0k | Reduced -20.7k |
| CITIGROUP INC 0.00% of their portfolio | 34.2k $852.0k | Reduced -32.0k |