The cluster is too small (0.05% of market cap) to signal material conviction from either side. Director buy is a modest positive but heavily outweighed by VP selling. Monitor next-earnings release for fundamental trends; no immediate catalyst from insider activity alone.
Price Chart
Executive Summary
Insider cluster at Kennametal shows a mixed pattern — one director bought $151K worth of shares while two vice presidents sold a combined $903K. The selling volume (0.04% of market cap) is trivial by absolute standards but represents a significant portion of the cluster's dollar value. The buy side is a single director, not C-suite, limiting its informational value. Per historical calibration on KMT, prior neutral/insider reports have shown negative average P&L at T+20 (-3.52%), suggesting the market has tended to drift lower on similar signals. The overall signal is muted — the buy is small and non-executive, the sells are moderate but routine for VPs.
Key Financial Metrics
Key Facts
- Director Richard J. Harshman purchased 5,000 shares at $30.21 for $151K on Sept 4, 2026.
- VP Judith L. Bacchus sold 9,676 shares at $30.29 for $293K on Sept 8, 2026.
- VP Michelle R. Keating sold 20,000 shares at $30.54 for $611K on Sept 4, 2026.
- Net direction is mixed: $151K buy vs. $903K in sells.
- Total cluster value of $1.05M is ~0.05% of KMT's $2.3B market cap — below materiality threshold.
Financial Impact
Total insider transaction value of ≈$1.05M, or 0.05% of market cap.
Risk Factors
- Selling by two VPs could indicate operational concerns or simply routine portfolio diversification.
- Historical calibration for KMT shows past neutral/insider reports have underperformed SPY by -3.68% at T+20, implying potential downside drift.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-KMT-1788973653958 |
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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