KMT

Kennametal Inc.

Industrials · $2.3B market cap

Share price

$32.60

close of Oct 3, 2026

Fair value

$64.74

Sticker Price

Payback Price

$25.90

buy price

Undervalued

KMT is Undervalued: at $32.60 it trades 50% below its fair value of $64.74. Its buy price (Payback Price) is $25.90, 21% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-1.6% a year✗

Equity per share growth-0.8% a year✗

Sales growth-1.1% a year✗

Free cash flow growth0.1% a year✗

Return on invested capital8.6%✗

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Superinvestors

1 of the investors we track holds KMT. In Q2 2026, 1 trimmed. Who we track

John Rogers

Ariel Investments · as of Q2 2026

$274K

7,814 shares

Moves in Q2 2026

Trimmed: John Rogers

Insider activity

Since Jul 27, 2026: 2 open-market purchases worth $355K, 2 sales worth $904K and 96 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Chowbey Sanjay

President and CEO · 2026-09-10

Bought

$204K

HARSHMAN RICHARD J

director · 2026-09-04

Bought

$151K

Sales

Bacchus Judith L

Vice President · 2026-09-08

Sold

$293K

Keating Michelle R

Vice President · 2026-09-04

Sold

$611K

Other filings

HICKTON DAWNE S

director · 2026-09-01

Award

5,310 shares

HARSHMAN RICHARD J

director · 2026-09-01

Award

271.223 shares

HARSHMAN RICHARD J

director · 2026-09-01

Award

5,310 shares

Bersaglini Clark David

Vice President · 2026-09-01

Option exercise

11,596 shares

Bersaglini Clark David

Vice President · 2026-09-01

Tax withholding

$148K

Show all 96 other filings

Bersaglini Clark David

Vice President · 2026-09-01

Option exercise

$338K

Bausch Shelley J

director · 2026-08-25

Award

811.411 shares

DIETRICH DOUGLAS T

director · 2026-08-25

Award

982.234 shares

Cole Amanda Marie

Vice President · 2026-08-15

Award

4,805 shares

Hamadi Faisal

Vice President · 2026-08-15

Option exercise

3,730 shares

Hamadi Faisal

Vice President · 2026-08-15

Award

7,912 shares

Keating Michelle R

Vice President · 2026-08-15

Award

8,354 shares

Reilly Carlonda R.

Vice President · 2026-08-15

Award

6,555 shares

Watson Patrick S

Vice President · 2026-08-15

Award

13,266 shares

Witt John Wayne

Vice President · 2026-08-15

Award

3,120 shares

ALVARADO JOSEPH

director · 2026-08-15

Award

4,965 shares

Bausch Shelley J

director · 2026-08-15

Award

4,965 shares

DIETRICH DOUGLAS T

director · 2026-08-15

Award

4,965 shares

Martin Lorraine M

director · 2026-08-15

Award

4,965 shares

Patel Sagar A

director · 2026-08-15

Award

4,965 shares

Sternlieb Paul

director · 2026-08-15

Award

4,965 shares

Bacchus Judith L

Vice President · 2026-08-15

Award

7,140 shares

Chowbey Sanjay

President and CEO · 2026-08-15

Award

54,969 shares

Chowbey Sanjay

President and CEO · 2026-08-14

Tax withholding

$598K

Chowbey Sanjay

President and CEO · 2026-08-14

Option exercise

$792K

Hamadi Faisal

Vice President · 2026-08-14

Tax withholding

$51K

Hamadi Faisal

Vice President · 2026-08-14

Option exercise

$116K

Keating Michelle R

Vice President · 2026-08-14

Option exercise

3,996 shares

Keating Michelle R

Vice President · 2026-08-14

Tax withholding

$243K

Keating Michelle R

Vice President · 2026-08-14

Option exercise

$125K

Reilly Carlonda R.

Vice President · 2026-08-14

Option exercise

3,135 shares

Reilly Carlonda R.

Vice President · 2026-08-14

Tax withholding

$195K

Reilly Carlonda R.

Vice President · 2026-08-14

Option exercise

$98K

Watson Patrick S

Vice President · 2026-08-14

Option exercise

6,345 shares

Watson Patrick S

Vice President · 2026-08-14

Tax withholding

$295K

Watson Patrick S

Vice President · 2026-08-14

Option exercise

$198K

Witt John Wayne

Vice President · 2026-08-14

Option exercise

1,042 shares

Witt John Wayne

Vice President · 2026-08-14

Option exercise

1,116 shares

Witt John Wayne

Vice President · 2026-08-14

Option exercise

1,499 shares

Witt John Wayne

Vice President · 2026-08-14

Tax withholding

$112K

Witt John Wayne

Vice President · 2026-08-14

Option exercise

$114K

ALVARADO JOSEPH

director · 2026-08-14

Option exercise

1,860 shares

ALVARADO JOSEPH

director · 2026-08-14

Option exercise

1,933 shares

ALVARADO JOSEPH

director · 2026-08-14

Option exercise

2,299 shares

ALVARADO JOSEPH

director · 2026-08-14

Tax withholding

$6K

ALVARADO JOSEPH

director · 2026-08-14

Option exercise

$190K

LAMBERT WILLIAM M

director · 2026-08-14

Option exercise

1,933 shares

LAMBERT WILLIAM M

director · 2026-08-14

Option exercise

2,299 shares

LAMBERT WILLIAM M

director · 2026-08-14

Tax withholding

$6K

LAMBERT WILLIAM M

director · 2026-08-14

Option exercise

$190K

Martin Lorraine M

director · 2026-08-14

Option exercise

2,299 shares

Martin Lorraine M

director · 2026-08-14

Option exercise

$72K

Sternlieb Paul

director · 2026-08-14

Option exercise

2,299 shares

Sternlieb Paul

director · 2026-08-14

Option exercise

$72K

Martin Lorraine M

director · 2026-08-14

Option exercise

1,860 shares

Martin Lorraine M

director · 2026-08-14

Option exercise

1,933 shares

Martin Lorraine M

director · 2026-08-14

Tax withholding

$6K

Martin Lorraine M

director · 2026-08-14

Option exercise

$190K

Sternlieb Paul

director · 2026-08-14

Option exercise

1,860 shares

Sternlieb Paul

director · 2026-08-14

Option exercise

1,933 shares

Sternlieb Paul

director · 2026-08-14

Tax withholding

$6K

Sternlieb Paul

director · 2026-08-14

Option exercise

$190K

Bacchus Judith L

Vice President · 2026-08-14

Option exercise

3,534 shares

Bacchus Judith L

Vice President · 2026-08-14

Tax withholding

$233K

Bacchus Judith L

Vice President · 2026-08-14

Option exercise

$110K

Bersaglini Clark David

Vice President · 2026-08-14

Option exercise

4,564 shares

Bersaglini Clark David

Vice President · 2026-08-14

Award

9,542 shares

Bersaglini Clark David

Vice President · 2026-08-14

Tax withholding

$69K

Bersaglini Clark David

Vice President · 2026-08-14

Option exercise

$142K

Chowbey Sanjay

President and CEO · 2026-08-14

Option exercise

25,372 shares

Cole Amanda Marie

Vice President · 2026-08-01

Award

2,944 shares

Cole Amanda Marie

Vice President · 2026-08-01

Award

5,888 shares

Hamadi Faisal

Vice President · 2026-07-31

Option exercise

9,917 shares

Hamadi Faisal

Vice President · 2026-07-31

Tax withholding

$156K

Hamadi Faisal

Vice President · 2026-07-31

Option exercise

$337K

Chowbey Sanjay

President and CEO · 2026-07-27

Award

13,986 shares

Chowbey Sanjay

President and CEO · 2026-07-27

Award

41,062 shares

Chowbey Sanjay

President and CEO · 2026-07-27

Award

38,058 shares

Hamadi Faisal

Vice President · 2026-07-27

Award

4,266 shares

Hamadi Faisal

Vice President · 2026-07-27

Award

5,596 shares

Keating Michelle R

Vice President · 2026-07-27

Award

5,552 shares

Keating Michelle R

Vice President · 2026-07-27

Award

8,328 shares

Keating Michelle R

Vice President · 2026-07-27

Award

6,858 shares

Keating Michelle R

Vice President · 2026-07-27

Award

5,994 shares

Reilly Carlonda R.

Vice President · 2026-07-27

Award

4,772 shares

Reilly Carlonda R.

Vice President · 2026-07-27

Award

7,160 shares

Reilly Carlonda R.

Vice President · 2026-07-27

Award

5,090 shares

Reilly Carlonda R.

Vice President · 2026-07-27

Award

4,704 shares

Watson Patrick S

Vice President · 2026-07-27

Award

6,156 shares

Watson Patrick S

Vice President · 2026-07-27

Award

9,236 shares

Watson Patrick S

Vice President · 2026-07-27

Award

8,960 shares

Watson Patrick S

Vice President · 2026-07-27

Award

9,518 shares

Witt John Wayne

Vice President · 2026-07-27

Award

1,390 shares

Witt John Wayne

Vice President · 2026-07-27

Award

2,084 shares

Witt John Wayne

Vice President · 2026-07-27

Award

1,488 shares

Witt John Wayne

Vice President · 2026-07-27

Award

1,500 shares

About Kennametal Inc.

Kennametal Inc. is a global leader in developing and applying cutting-edge materials, including tungsten carbides, ceramics, and super-hard compounds. Their core mission is to provide robust solutions for demanding industrial applications, specifically in metal cutting and environments prone to extreme wear, high temperatures, and corrosion, serving clients worldwide. The company's operations are structured into two…

Manufacturing - Tools & Accessories

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Purchases

Sales

Other filings

About Kennametal Inc.