Bank of New York Mellon Corp Takes $25.92 Million Position in Kadant Inc $KAI

Key Points

• Bank of New York Mellon acquired 82,496 Kadant shares worth approximately $25.9 million, giving it a 0.70% stake. Institutional investors collectively own 96.13% of the company.
• Kadant reported quarterly EPS of $3.42, beating estimates of $2.94, while revenue rose 22.6% year over year to $312.88 million. The company issued fiscal 2026 EPS guidance of $12.43–$12.68.
• Kadant’s stock opened at $302.57, while analysts maintain a consensus “Hold” rating with an average price target of $357.50; the company also authorized a $50 million share-repurchase program.

Bank of New York Mellon Corp bought a new stake in Kadant Inc (NYSE:KAI - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,496 shares of the industrial products company's stock, valued at approximately $25,923,000. Bank of New York Mellon Corp owned 0.70% of Kadant as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in KAI. Wasatch Advisors LP increased its holdings in shares of Kadant by 13.7% in the 1st quarter. Wasatch Advisors LP now owns 1,038,548 shares of the industrial products company's stock valued at $303,619,000 after acquiring an additional 125,342 shares during the period. Capital World Investors lifted its holdings in Kadant by 56.5% in the fourth quarter. Capital World Investors now owns 494,773 shares of the industrial products company's stock valued at $141,020,000 after acquiring an additional 178,563 shares during the period. State Street Corp increased its holdings in shares of Kadant by 3.5% in the 4th quarter. State Street Corp now owns 456,721 shares of the industrial products company's stock valued at $130,175,000 after purchasing an additional 15,446 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Kadant by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 314,496 shares of the industrial products company's stock valued at $89,651,000 after purchasing an additional 2,294 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Kadant by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 279,029 shares of the industrial products company's stock worth $79,537,000 after buying an additional 10,249 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Kadant Stock Performance

NYSE KAI opened at $302.57 on Friday. Kadant Inc has a fifty-two week low of $244.87 and a fifty-two week high of $354.07. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 32.53 and a beta of 1.20. The business has a fifty day moving average of $313.27 and a 200-day moving average of $315.52. The company has a quick ratio of 1.63, a current ratio of 2.59 and a debt-to-equity ratio of 0.49.

Kadant (NYSE:KAI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.42 EPS for the quarter, beating analysts' consensus estimates of $2.94 by $0.48. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The business had revenue of $312.88 million for the quarter, compared to analyst estimates of $299.17 million. During the same quarter last year, the company earned $2.31 earnings per share. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. As a group, analysts predict that Kadant Inc will post 12.56 earnings per share for the current fiscal year.

Kadant announced that its board has approved a stock buyback program on Thursday, May 21st that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on KAI shares. DA Davidson increased their target price on shares of Kadant from $306.00 to $335.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Zacks Research lowered Kadant from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Wall Street Zen cut Kadant from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings raised Kadant from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $380.00 price objective on shares of Kadant in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $357.50.

About Kadant

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company's product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

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