SEC Form SC 13G/A filed by Kennametal Inc. (Amendment)

2/14/23 9:31:49 AM ET

Industrial Machinery/Components

Industrials

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SC 13G/A 1 1_kmt.txt SC13GA KENNAMETAL, INC. 12.22 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.10)* Kennametal Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 489170100 (CUSIP Number) 12/31/2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that Section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 489170100 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Ariel Investments, LLC # 02-0712418. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)[_] (b)[_] Not Applicable 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Limited Liability Company Number of Shares Beneficially Owned By Each Reporting Person With 5. Sole Voting Power Ariel: 9,334,590 6. Shared Voting Power Ariel: 0 7. Sole Dispositive Power Ariel: 10,362,253 8. Shared Dispositive Power Ariel: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person Ariel: 10,362,253 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [_] Not Applicable 11. Percent of Class Represented by Amount in Row (9) Ariel: 10,362,253/80,576,000=12.9% 12. Type of Reporting Person (See Instructions) Ariel - IA Item 1. (a) Name of Issuer (b) Address of Issuer's Principal Executive Offices Item 2. (a) Name of Person Filing Ariel Investments, LLC (b) Address of Principal Business Office, or if none, Residence 200 E. Randolph Street, Suite 2900, Chicago, IL 60601 (c) Citizenship a Delaware Limited Liability Company (d) Title of Class of Securities Common Stock (e) CUSIP Number 489170100 Item 3. If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act(15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Section240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Section240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with section 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (See Page 1, No. 9) (b) Percent of class: (See Page 2, No. 11) (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote (See Page 1, No. 5) (ii) Shared power to vote or to direct the vote (See Page 1, No. 6) (iii) Sole power to dispose or to direct the disposition of (See Page 1, No. 7) (iv) Shared power to dispose or to direct the disposition of (See Page 1, No. 8) Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [_]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Ariel Investments, LLC's adviser clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, all securities reported upon this Schedule. None of Ariel Investments, LLC's clients have an economic interest in more than 5% of the subject securities reported upon this Schedule. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Ariel Investments, LLC By: /s/ James Prescott ________________________________ James Prescott Vice President, Compliance The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties for whom copies are to be sent. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

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Recent Analyst Ratings for

$KMT

Date	Price Target	Rating	Analyst
5/27/2026	$33.00	Equal Weight → Underweight	Barclays
5/7/2026	$47.50	Buy → Hold	Jefferies
1/13/2026	$40.00	Hold → Buy	Jefferies
8/15/2025	$21.00	Sell → Neutral	UBS
12/6/2024	$40.00 → $32.00	Buy → Hold	Jefferies
10/18/2024	$26.00	Neutral → Underperform	BofA Securities
1/8/2024	$24.00	Equal-Weight	Morgan Stanley
7/8/2022	$27.00 → $19.00	Neutral → Sell	UBS

More analyst ratings

SEC Form SC 13G/A filed by Kennametal Inc. (Amendment)

2/14/23 9:31:49 AM ET

$KMT

Industrial Machinery/Components

Industrials

Get the next $KMT alert in real time by email

Recent Analyst Ratings for

$KMT

Date	Price Target	Rating	Analyst
5/27/2026	$33.00	Equal Weight → Underweight	Barclays
5/7/2026	$47.50	Buy → Hold	Jefferies
1/13/2026	$40.00	Hold → Buy	Jefferies
8/15/2025	$21.00	Sell → Neutral	UBS
12/6/2024	$40.00 → $32.00	Buy → Hold	Jefferies
10/18/2024	$26.00	Neutral → Underperform	BofA Securities
1/8/2024	$24.00	Equal-Weight	Morgan Stanley
7/8/2022	$27.00 → $19.00	Neutral → Sell	UBS

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SEC Form SC 13G/A filed by Kennametal Inc. (Amendment)

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Press Releases

Kennametal Strengthens Balance Sheet & Enhances Liquidity

Kennametal Inc. Announces Final Results and Expiration of Cash Tender Offer for Debt Securities

Kennametal Inc. Announces Pricing Terms of Cash Tender Offer for Debt Securities

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SEC Filings

Kennametal Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement

Kennametal Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

SEC Form 8-K filed by Kennametal Inc.

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Analyst Ratings

Kennametal downgraded by Barclays with a new price target

Kennametal downgraded by Jefferies with a new price target

Kennametal upgraded by Jefferies with a new price target

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Insider Trading

Vice President Reilly Carlonda R. sold $397,907 worth of shares (12,013 units at $33.12), decreasing direct ownership by 32% to 25,143 units (SEC Form 4)

Amendment: SEC Form 4 filed by Director Bausch Shelley J

SEC Form 4 filed by Director Dietrich Douglas T

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Insider Purchases

President and CEO Chowbey Sanjay bought $217,530 worth of shares (10,000 units at $21.75), increasing direct ownership by 15% to 77,595 units (SEC Form 4)

President and CEO Chowbey Sanjay bought $121,403 worth of shares (5,000 units at $24.28), increasing direct ownership by 11% to 49,270 units (SEC Form 4)

Chowbey Sanjay bought $260,000 worth of shares (10,000 units at $26.00), increasing direct ownership by 29% to 44,270 units (SEC Form 4)

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Leadership Updates

NOV Appoints Sanjay Chowbey, President & CEO of Kennametal Inc., to the Board of Directors

Kennametal Appoints Faisal Hamadi as President of Infrastructure Segment

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

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Financials

Kennametal Announces Fiscal 2026 Third Quarter Results

Kennametal to Host Earnings Conference Call & Webcast on Third Quarter Fiscal 2026 Results

Kennametal Announces Fiscal 2026 Second Quarter Results

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Kennametal Inc.