Diversified Trust Co Has $932,000 Stake in Kadant Inc $KAI

Key Points

• Diversified Trust Co increased its stake in Kadant Inc by 62.5%, now owning 2,937 shares valued at $932,000.
• Kadant's recent earnings report showed $2.31 EPS, exceeding analysts' expectations, while revenue decreased by 7.3% from the previous year.
• The company announced a quarterly dividend of $0.34 per share, with the ex-dividend date set for October 9th.

Diversified Trust Co raised its stake in shares of Kadant Inc (NYSE:KAI - Free Report) by 62.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,937 shares of the industrial products company's stock after purchasing an additional 1,130 shares during the period. Diversified Trust Co's holdings in Kadant were worth $932,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KAI. Cetera Investment Advisers boosted its stake in Kadant by 12.5% during the 4th quarter. Cetera Investment Advisers now owns 720 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC boosted its stake in Kadant by 150,885.2% during the 1st quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company's stock valued at $27,469,000 after purchasing an additional 81,478 shares during the last quarter. Rhumbline Advisers boosted its stake in Kadant by 81.6% during the 1st quarter. Rhumbline Advisers now owns 33,388 shares of the industrial products company's stock valued at $11,249,000 after purchasing an additional 15,002 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Kadant by 924.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 543 shares of the industrial products company's stock worth $183,000 after buying an additional 490 shares in the last quarter. Finally, Impact Capital Partners LLC lifted its position in shares of Kadant by 7.8% during the 1st quarter. Impact Capital Partners LLC now owns 2,201 shares of the industrial products company's stock worth $742,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Insider Transactions at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 4,250 shares in the company, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DA Davidson lifted their target price 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 reissued an "outperform" rating and set a $380.00 target price on shares of Kadant in a research report on Tuesday, July 29th. Finally, Wall Street Zen raised shares of Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $340.00.

Kadant Stock Up 0.5%

KAI opened at $306.97 on Tuesday. The company has a fifty day moving average price of $328.73 and a 200-day moving average price of $323.27. The firm has a market capitalization of $3.62 billion, a P/E ratio of 34.18 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 one year low of $281.30 and a one year high of $429.95.

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

Kadant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 9th will be given a $0.34 dividend. The ex-dividend date is Thursday, October 9th. This represents a $1.36 annualized dividend and a yield of 0.4%. Kadant's payout ratio is 15.14%.

Kadant Profile

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.

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