Clean Yield Group Purchases 953 Shares of Kadant Inc $KAI

Key Points

• Clean Yield Group increased its stake in Kadant Inc by 7.5%, owning 13,600 shares after purchasing an additional 953 shares.
• Kadant reported $2.31 EPS for the last quarter, exceeding analysts' expectations and declaring a quarterly dividend of $0.34 per share to be paid on November 6th.
• Analysts have a consensus rating of "Moderate Buy" for Kadant, with a target price of $340.00 on the stock.

Clean Yield Group boosted its position in shares of Kadant Inc (NYSE:KAI - Free Report) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,600 shares of the industrial products company's stock after purchasing an additional 953 shares during the period. Kadant comprises 1.3% of Clean Yield Group's holdings, making the stock its 27th biggest holding. Clean Yield Group owned approximately 0.12% of Kadant worth $4,317,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC lifted its position in shares of Kadant by 249.0% in the 1st quarter. Champlain Investment Partners LLC now owns 160,800 shares of the industrial products company's stock worth $54,175,000 after purchasing an additional 114,732 shares during the period. Vanguard Group Inc. lifted its position in shares of Kadant by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company's stock worth $448,961,000 after purchasing an additional 114,310 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Kadant by 97.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock worth $74,528,000 after purchasing an additional 109,439 shares during the period. GAMMA Investing LLC lifted its position in shares of Kadant by 150,885.2% in the 1st quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company's stock worth $27,469,000 after purchasing an additional 81,478 shares during the period. Finally, Select Equity Group L.P. lifted its position in shares of Kadant by 519.2% in the 1st quarter. Select Equity Group L.P. now owns 80,677 shares of the industrial products company's stock worth $27,181,000 after purchasing an additional 67,648 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Thomas C. Leonard sold 415 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total value of $140,440.15. Following the sale, the director directly owned 4,250 shares of the company's stock, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Kadant Stock Down 0.2%

KAI stock opened at $302.54 on Monday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 33.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53. Kadant Inc has a 12 month low of $281.30 and a 12 month high of $429.95. The company has a fifty day moving average price of $326.84 and a 200 day moving average price of $321.88.

Kadant (NYSE:KAI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. The company had revenue of $255.27 million during the quarter, compared to the consensus estimate of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. Kadant's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 EPS. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Sell-side analysts expect that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, October 9th. Kadant's dividend payout ratio (DPR) is currently 15.14%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KAI. DA Davidson upped their price target on shares of Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Barrington Research restated an "outperform" rating and set a $380.00 price target on shares of Kadant in a research note on Tuesday, September 23rd. Finally, Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $340.00.

About Kadant

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.

Want to see what other hedge funds are holding KAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kadant Inc (NYSE:KAI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.