The CEO's open-market buy is a modest positive signal, but the VP sales are larger and the total dollar value is trivial relative to market cap. The 0% bullish analyst consensus and institutional trimming suggest headwinds. Monitor the next quarterly filing for fundamental deterioration before taking a position.
Price Chart
Executive Summary
A mixed insider cluster at Kennametal (KMT) shows the CEO and a director buying $355K in open-market purchases, while two VPs sold $904K. The CEO's purchase at $29.10 is a conviction signal, but the VP sales are larger in dollar terms. The cluster's total value of $1.26M represents 0.06% of KMT's $2.2B market cap, which is trivial and below the 0.1% materiality threshold, making this cluster noise rather than a directional signal.
Key Financial Metrics
Key Facts
- CEO Sanjay Chowbey purchased 7,000 shares at $29.10 for $203,700 on 2026-09-10
- Director Richard Harshman purchased 5,000 shares at $30.21 for $151,050 on 2026-09-04
- VP Michelle Keating sold 20,000 shares at $30.54 for $610,800 on 2026-09-04
- VP Judith Bacchus sold 9,676 shares at $30.29 for $293,115 on 2026-09-08
- Total cluster value of $1.26M is only 0.06% of KMT's $2.2B market cap
- Analyst consensus is 0% bullish (0 Buy, 7 Hold, 8 Sell, 1 Strong Sell)
- Institutional 13F shows 7 trims and 1 exit vs 5 adds in Q2 2026
Financial Impact
$1.26M total insider trading value, 0.06% of market cap — immaterial
Risk Factors
- VP sales are 2.5x larger than CEO+director buys, suggesting mixed internal sentiment
- Analyst consensus is heavily bearish with 0% bullish and 9 sell/strong-sell ratings
- Institutional 13F shows net trimming in Q2 2026
- Historical calibration shows prior neutral reports on KMT had negative average T+20 returns of -3.52%
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-KMT-1789193517925 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Insider Cluster | $29.44 $29.77 | ▲ +1.12% | ▲ +1.34% | $32.60 (+10.73%) |
Sep 9, 2026 23d ago | Insider Cluster | $29.64 $29.70 | ▲ +0.20% | ▲ +0.86% | $32.60 (+9.99%) |
Aug 5, 2026 8w ago | 8-K | $34.16 $30.78 | ▼ −9.89% | ▼ −10.25% | $32.60 (−4.57%) |
Jul 28, 2026 9w ago | 8-K | $33.55 $34.16 | ▲ +1.82% | ▼ −3.71% | $32.60 (−2.83%) |
Jul 15, 2026 11w ago | Press Release | $34.76 $34.73 | ▼ −0.09% | ▲ +0.89% | $32.60 (−6.21%) |
Jun 30, 2026 13w ago | 8-K | $35.05 $34.22 | ▼ −2.37% | ▼ −2.97% | $32.60 (−6.99%) |
Jun 9, 2026 16w ago | Insider Cluster | $34.01 $35.55 | ▲ +4.53% | ▲ +2.12% | $32.60 (−4.15%) |
Jun 2, 2026 17w ago | 8-K | $32.67 $33.30 | ▲ +1.93% | ▲ +5.75% | $32.60 (−0.21%) |
May 28, 2026 18w ago | 8-K | $32.80 $32.63 | ▼ −0.52% | ▲ +2.01% | $32.60 (−0.61%) |
May 27, 2026 18w ago | 8-K | $33.66 $32.67 | ▼ −2.94% | ▼ −2.89% | $32.60 (−3.15%) |
US Market Status
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