Intech Investment Management LLC Has $2.17 Million Stock Holdings in Kadant Inc $KAI

Key Points

• Intech Investment Management LLC increased its holdings in Kadant Inc by 31.8%, now owning approximately 6,441 shares valued at $2.17 million.
• Analysts have raised Kadant's price target, with DA Davidson increasing it from $275.00 to $300.00 and Barrington Research setting it at $380.00.
• Kadant announced a quarterly dividend of $0.34 per share, payable on November 6th, with a dividend yield of 0.4%.

Intech Investment Management LLC increased its holdings in Kadant Inc (NYSE:KAI - Free Report) by 31.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,441 shares of the industrial products company's stock after purchasing an additional 1,553 shares during the period. Intech Investment Management LLC owned approximately 0.05% of Kadant worth $2,170,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Kadant in the first quarter worth about $30,000. Optimum Investment Advisors increased its holdings in shares of Kadant by 50.0% during the first quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock worth $51,000 after buying an additional 50 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Kadant during the first quarter worth approximately $54,000. GAMMA Investing LLC increased its holdings in shares of Kadant by 348.1% during the first quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock worth $82,000 after buying an additional 188 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kadant by 982.6% during the first quarter. Russell Investments Group Ltd. now owns 249 shares of the industrial products company's stock worth $84,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $380.00 price objective on shares of Kadant in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Kadant currently has an average rating of "Moderate Buy" and a consensus target price of $340.00.

Insider Buying and Selling at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total transaction of $140,440.15. Following the transaction, the director directly owned 4,250 shares of the company's stock, valued at $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Kadant Trading Up 0.2%

Shares of NYSE KAI opened at $314.24 on Tuesday. The company's fifty day moving average is $331.15 and its 200-day moving average is $325.53. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 34.99 and a beta of 1.25. Kadant Inc has a twelve month low of $281.30 and a twelve month high of $429.95. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26.

Kadant (NYSE:KAI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. The company had revenue of $255.27 million for the quarter, compared to analysts' expectations of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The business's quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.81 earnings per share. 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 predict that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis 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%.

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.

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