Insider transaction data reveals that Judith L. Bacchus, Vice President at Kennametal Inc. (NASDAQ:KMT), sold 5,488 shares of the company's common stock on June 15, 2026. The transaction totaled $197,238, with shares sold at a price of $35.94 each. The stock has since risen to $36.46, reflecting strong momentum that has delivered a 64% return over the past year.
Following this direct sale, Ms. Bacchus holds 4,553.69 shares of Kennametal common stock. This figure includes 2,203.69 shares held within the Kennametal Inc. 401(k) Plan. The insider sale comes as InvestingPro analysis shows Kennametal trading near its Fair Value, with 8 analysts recently revising earnings upwards. The company has maintained dividend payments for 56 consecutive years. For deeper insights, investors can access Kennametal's comprehensive Pro Research Report, one of 1,400+ available on InvestingPro.
In other recent news, Kennametal Inc. has raised $700 million in new financing through a 3-year $500 million delayed draw term loan and an expansion of its revolving credit facility by $200 million. The term loan features an interest rate of SOFR plus 112.5 basis points and allows for up to three draws through September 30, 2026. Additionally, Kennametal completed a cash tender offer for its 4.625% Senior Notes due 2028, receiving valid tenders for $209.4 million out of the $300 million outstanding. The company also announced an underwritten public offering of senior notes and a concurrent cash tender offer to purchase all outstanding 4.625% senior notes due 2028.
In analyst ratings, DA Davidson initiated coverage on Kennametal with a Neutral rating and a price target of $34. Meanwhile, Barclays downgraded Kennametal to Underweight from Equalweight, reducing its price target to $33 from $40 due to valuation concerns. Barclays' analysis focuses on a recalibrated price target methodology around an excluding-tungsten "core" earnings figure. These developments highlight the company's recent financial maneuvers and analyst perspectives.
Kennametal Inc Follow Analyze KMT Included in our AI-picked strategies Review strategies 36.52 ▲ +0.97 (+2.73%) Real-time Data 1D 1W 1M 6M 1Y 5Y Max Created with Highcharts 11.4.8 15/06 16:00 18:00 16/06 35 36 Analyze KMT This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Is KMT a bargain right now? The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for KMT plus thousands of other stocks and find your next hidden gem with massive upside. Flash Sale - Price Goes Up Soon