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 ($9.6m this quarter). Holder counts are more reliable. Shares outstanding: 77.9m as of 2024-07-31, 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 ≈ $23.54. Options: 6 managers hold calls ($2.3m notional), 2 hold puts ($167.1k).
Trends to Q2 2024
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 |
| Q4 2023 | 225 |
| Q1 2024 | 234 |
| Q2 2024 | 224 |
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 |
| Q4 2023 | 91 | 114 |
| Q1 2024 | 115 | 107 |
| Q2 2024 | 107 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $733.5k | $295.1k | 0.40 |
| Q4 2023 | $7.2m | $270.8k | 0.04 |
| Q1 2024 | $3.7m | $2.6m | 0.71 |
| Q2 2024 | $2.3m | $167.1k | 0.07 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +1.2m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +606.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +373.1k |
| AMERICAN CENTURY COMPANIES INC | Added | +321.9k |
| Interval Partners, LP | New | +237.8k |
| Balyasny Asset Management L.P. | New | +219.3k |
| GOLDMAN SACHS GROUP INC | Added | +218.2k |
| Schonfeld Strategic Advisors LLC | New | +195.5k |
| HEARTLAND ADVISORS INC | Added | +150.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +103.6k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.3m |
| BlackRock Inc. | Reduced | -585.0k |
| ARIEL INVESTMENTS, LLC | Reduced | -535.5k |
| NORGES BANK | Reduced | -388.0k |
| VANGUARD GROUP INC | Reduced | -196.6k |
| Qube Research & Technologies Ltd | Sold out | -174.1k |
| MARSHALL WACE, LLP | Reduced | -135.8k |
| Campbell & CO Investment Adviser LLC | Sold out | -123.8k |
| DEUTSCHE BANK AG\ | Reduced | -107.8k |
| WINTON GROUP Ltd | Reduced | -95.5k |
Biggest calls
| Walleye Trading LLC | Added | $1.3m54.6k shares |
| CITADEL ADVISORS LLC | Added | $487.3k20.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $376.6k16.0k shares |
| SIMPLEX TRADING, LLC | Added | $141.0k6.0k shares |
| GROUP ONE TRADING LLC | New | $21.2k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $167.1k7.1k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2023 | 0 | — | 1 | $10.9k | — |
| Q1 2024 | 0 | — | 1 | $25.6k | — |
| Q2 2024 | 1 | $381.4k | 2 | $327.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-13 | Witt John Wayne Vice President | Sold | $14.1k579 shares |
| 2024-06-10 | Chowbey Sanjay President and CEO, director | Bought | $121.4k5.0k shares |
| 2024-05-10 | Chowbey Sanjay Vice President | Bought | $260.0k10.0k shares |
| 2024-05-09 | Keating Michelle R Vice President | Sold | $313.2k12.0k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 14.0m $328.7m | Reduced -585.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.0m $212.9m | Reduced -196.6k |
| ARIEL INVESTMENTS, LLC 2.21% of their portfolio | 8.7m $203.9m | Reduced -535.5k |
| Burgundy Asset Management Ltd. 1.24% of their portfolio | 5.0m $117.2m | Added +67.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 4.7m $110.3m | Added +373.1k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 4.7m $110.2m | Added +100.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 3.3m $77.6m | Added +50.6k |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $71.0m | Reduced -68.1k |
| BRANDES INVESTMENT PARTNERS, LP 0.67% of their portfolio | 2.3m $54.8m | Added +606.5k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 2.1m $50.4m | Added +9.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.16% of their portfolio | 2.1m $48.3m | Added +20.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.9m $44.8m | Added +321.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.8m $42.3m | Added +42.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.15% of their portfolio | 1.5m $34.3m | Reduced -63.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.4m $31.9m | Added +61.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.3m $29.9m | Added +48.6k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 1.2m $28.8m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 971.1k $22.9m | Reduced -20.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 924.5k $21.8m | Reduced -26.6k |
| MORGAN STANLEY 0.00% of their portfolio | 861.7k $20.3m | Reduced -2.3m |
| HEARTLAND ADVISORS INC 0.80% of their portfolio | 609.9k $14.4m | Added +150.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 564.5k $13.3m | Added +11.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 523.8k $12.3m | Added +218.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 481.6k $11.3m | Added +38.3k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 418.1k $9.8m | Reduced -86.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 388.1k $9.1m | Reduced -23.5k |
| NORGES BANK 0.00% of their portfolio | 368.2k $8.7m | Reduced -388.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 325.8k $7.7m | Reduced -65.3k |
| Invesco Ltd. 0.00% of their portfolio | 293.2k $6.9m | Reduced -589 |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 269.7k $6.3m | Added +19.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 267.4k $6.3m | Reduced -74.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 263.7k $6.2m | Added +37.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 262.1k $6.2m | Reduced -749 |
| Azarias Capital Management, L.P. 2.75% of their portfolio | 259.4k $6.1m | Added +67.1k |
| Interval Partners, LP 0.16% of their portfolio | 237.8k $5.6m | New |
| GAMCO INVESTORS, INC. ET AL 0.06% of their portfolio | 236.4k $5.6m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 232.9k $5.5m | Reduced -14.2k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 222.7k $5.2m | Added +3.2k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 219.3k $5.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 215.9k $5.1m | Reduced -5.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 197.8k $4.7m | Added +12.3k |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 195.5k $4.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 189.4k $4.4m | Added +51.3k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 173.1k $4.1m | Added +10.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 169.0k $4.0m | Added +97.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 154.1k $3.6m | Added +57.3k |
| Swiss National Bank 0.00% of their portfolio | 148.1k $3.5m | Reduced -1.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 144.2k $3.4m | Added +103.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 137.3k $3.2m | Reduced -107.8k |
| GABELLI FUNDS LLC 0.02% of their portfolio | 135.0k $3.2m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 129.4k $3.0m | Reduced -7.6k |
| CITIGROUP INC 0.00% of their portfolio | 126.3k $3.0m | Added +69.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 119.4k $2.8m | Reduced -53 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 107.4k $2.5m | Added +8.0k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.35% of their portfolio | 103.6k $2.4m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 103.0k $2.4m | Added +71.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 89.4k $2.1m | Added +4.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 89.2k $2.1m | Reduced -14.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 88.8k $2.1m | Added +1.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 88.8k $2.1m | Added +15.5k |
| GSA CAPITAL PARTNERS LLP 0.15% of their portfolio | 88.2k $2.1m | Added +78.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 86.8k $2.0m | Reduced -3.3k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 84.6k $2.0m | Reduced -4.3k |
| BARCLAYS PLC 0.00% of their portfolio | 83.7k $2.0m | Reduced -26.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 79.2k $1.9m | Added +11.3k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 76.9k $1.8m | Reduced -36.8k |
| Holocene Advisors, LP 0.01% of their portfolio | 74.8k $1.8m | Reduced -12.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 73.8k $1.7m | Reduced -2.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 65.3k $1.5m | Reduced -65.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 62.3k $1.5m | Reduced -32.6k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 60.5k $1.4m | Added +6.0k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 55.5k $1.3m | Added +10.0k |
| DEERFIELD MANAGEMENT COMPANY, L.P. 0.02% of their portfolio | 51.1k $1.2m | New |
| Gotham Asset Management, LLC 0.02% of their portfolio | 50.5k $1.2m | Added +26.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 49.4k $1.2m | Added +9.7k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 46.2k $1.1m | Reduced -2.1k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 45.9k $1.1m | First filing |
| COMERICA BANK 0.00% of their portfolio | 45.8k $1.1m | Reduced -3.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 45.4k $1.1m | Reduced -190 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 45.3k $1.1m | Added +4.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 44.9k $1.1m | Added +2.5k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 44.9k $1.1m | Reduced -632 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 43.9k $1.0m | Added +1.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 43.8k $1.0m | Added +24.3k |
| PDT Partners, LLC 0.10% of their portfolio | 43.0k $1.0m | Reduced -8.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 41.3k $972.5k | Reduced -135.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 40.7k $957.5k | First filing |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 39.6k $932.2k | Added +300 |
| Mork Capital Management, LLC 0.72% of their portfolio | 38.8k $913.1k | Unchanged |
| Legato Capital Management LLC 0.12% of their portfolio | 38.2k $899.5k | New |
| Dean Capital Management 1.16% of their portfolio | 38.2k $899.5k | New |
| UBS Group AG 0.00% of their portfolio | 37.6k $884.7k | Reduced -5.2k |
| WINTON GROUP Ltd 0.06% of their portfolio | 36.4k $855.7k | Reduced -95.5k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 35.5k $834.7k | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 34.1k $802.4k | Reduced -392 |
| South Dakota Investment Council 0.02% of their portfolio | 33.9k $798.0k | Reduced -46 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 32.9k $773.8k | Added +16 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 31.6k $743.2k | Reduced -4.3k |
| EASTERLY INVESTMENT PARTNERS LLC 0.06% of their portfolio | 30.5k $718.6k | Reduced -1.6k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 29.4k $691.5k | Added +170 |