Distributed Kalman filtering techniques enable agents of a multiagent network to enhance their ability to track a system and learn from local cooperation with neighbors. Enabling this cooperation, however, requires agents to share information, which raises the question of privacy. This paper proposes a privacy-preserving distributed Kalman filter (PP-DKF) that protects local agent information by restricting and obfuscating the information exchanged. The derived PP-DKF embeds two state-of-the-art average consensus techniques that guarantee agent privacy. The resulting PP-DKF utilizes noise injection-based and decomposition-based privacy-preserving techniques to implement a robust distributed Kalman filtering solution against perturbation. We characterize the performance and convergence of the proposed PP-DKF and demonstrate its robustness against the injected noise variance. We also assess the privacy-preserving properties of the proposed algorithm for two types of adversaries, namely, an external eavesdropper and an honest-but-curious (HBC) agent, by providing bounds on the privacy leakage for both adversaries. Finally, several simulation examples illustrate that the proposed PP-DKF achieves better performance and higher privacy levels than the distributed Kalman filtering solutions employing contemporary privacy-preserving techniques.