Kennametal Sells Subsidiary to Private Equity Firm

Kennametal ( (KMT) ) has provided an update.

On June 6, 2025, Kennametal Inc. announced the sale of its subsidiary, Kennametal Stellite, L.P., in Goshen, IN, to a Chicago-based private equity firm. The transaction, which brought in $19 million, is part of Kennametal’s strategy to improve its sales mix and focus on long-term strategic priorities. The subsidiary accounted for less than 2% of the company’s total sales and was considered immaterial to its profitability. The proceeds from the sale are intended for general corporate purposes, with potential additional earnings based on future performance.

The most recent analyst rating on (KMT) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Kennametal stock, see the KMT Stock Forecast page.

Spark’s Take on KMT Stock

According to Spark, TipRanks’ AI Analyst, KMT is a Outperform.

Kennametal’s overall stock score reflects a solid financial foundation and positive corporate developments. However, mixed technical indicators and moderate valuation hold back a higher score. Earnings call insights suggest confidence in long-term growth, despite current challenges.

To see Spark’s full report on KMT stock, click here.

More about Kennametal

Kennametal Inc. is an industrial technology leader with over 85 years of experience, providing productivity solutions through materials science, tooling, and wear-resistant solutions. The company serves various sectors including aerospace and defense, earthworks, energy, general engineering, and transportation, employing approximately 8,400 people across nearly 100 countries. In fiscal 2024, Kennametal generated $2 billion in revenues.

Average Trading Volume: 1,012,323

Technical Sentiment Signal: Sell

Current Market Cap: $1.65B

See more data about KMT stock on TipRanks’ Stock Analysis page.