Brandes Investment Partners 13F: Cuts KMT Stake by $174M

Brandes Investment Partners Scales Back KMT Holdings

Brandes Investment Partners cut its stake in Kennametal Inc. (NYSE:KMT) by 48.5% during the period, according to a recent Form 13F filing with the SEC. The firm sold 4,965,772 shares, leaving it with 5,265,280 shares of the tools and accessories maker. The remaining stake carried a value of about $184.2 million at the time of the filing. Because 13F filings are backward-looking, this report reflects holdings as of the reporting period and may not represent the investor's current position.

Kennametal Stock Trades Near Moving Averages

Kennametal shares recently changed hands at $34.98 apiece. The stock has traded between a 52-week low of $20.35 and a high of $43.81. Its 50-day moving average sits at $31.78, while the 200-day moving average rests at $34.40. The company has a market capitalization of roughly $2.25 billion and a P/E ratio of 6.7.

Recent Earnings and Financial Health

For its operations, Kennametal reported annual revenue of $2.36 billion alongside a net margin of 14.5% and a return on equity of 23.9%. Earnings per share came in at $4.42. The company's next earnings report is scheduled for November 4, 2026.

Kennametal Insider Transactions

In recent insider activity, Vice President Judith Bacchus sold 5,488 shares of Kennametal on June 15, 2026. The shares were sold at an average price of $35.94, bringing the total transaction value to $197,238.72.

Analysts Set New Price Targets

Wall Street firms have recently updated their outlooks on the industrial stock. On October 8, 2026, JP Morgan maintained its Underweight rating and set a $30.0 target, down from its prior $34.0 target. DA Davidson maintained a Neutral rating with a $30.0 target on August 11, 2026. UBS maintained a Neutral rating with a $35.0 target on August 10, 2026. Morgan Stanley downgraded the stock to an Underweight rating with a $27.0 target on August 10, 2026, following an earlier Equal-Weight rating and $31.0 target on July 17, 2026. JP Morgan also maintained an Underweight rating with a $34.0 target on July 13, 2026. Across the street, analysts hold a consensus target mean price of $33.0.

Understanding Kennametal Inc.

Headquartered in Pittsburgh, Pennsylvania, Kennametal develops tungsten carbides, ceramics, and hard materials used across industrial manufacturing, infrastructure, and aerospace sectors. The company operates through metal cutting and infrastructure segments, providing tools and wear components to global customers since 1938.

What to Watch at KMT

Investors will look toward the company's upcoming earnings release on November 4, 2026, for further clues on profitability and demand across its industrial segments. Future 13F filings will also show whether Brandes continues to trim its position or stabilizes its holdings in the manufacturer.