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 grew its holdings in Kadant Inc (NYSE:KAI - Free Report) by 31.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Kadant by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company's stock worth $448,961,000 after acquiring an additional 114,310 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Kadant by 97.9% during the first quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock worth $74,528,000 after buying an additional 109,439 shares during the period. Northern Trust Corp grew its holdings in Kadant by 7.1% during the 1st quarter. Northern Trust Corp now owns 165,438 shares of the industrial products company's stock worth $55,738,000 after acquiring an additional 10,972 shares in the last quarter. Champlain Investment Partners LLC increased 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 valued at $54,175,000 after purchasing an additional 114,732 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Kadant by 4.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 126,606 shares of the industrial products company's stock valued at $42,655,000 after purchasing an additional 4,920 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Analyst Ratings Changes

KAI has been the topic of a number of recent analyst reports. Barrington Research reissued an "outperform" rating and issued a $380.00 price objective on shares of Kadant in a research report on Tuesday, July 29th. DA Davidson increased their price objective on shares of Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $340.00.

Insider Activity

In other news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the completion of the sale, the director owned 4,250 shares in the company, valued at $1,438,242.50. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Kadant Stock Down 1.3%

NYSE KAI traded down $4.12 on Friday, hitting $304.68. 347,536 shares of the stock traded hands, compared to its average volume of 96,083. The stock has a 50-day moving average of $329.06 and a 200 day moving average of $324.42. Kadant Inc has a twelve month low of $281.30 and a twelve month high of $429.95. The company has a market capitalization of $3.59 billion, a P/E ratio of 33.93 and a beta of 1.25. The company has a current ratio of 2.38, a quick ratio of 1.53 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. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The business had revenue of $255.27 million for the quarter, compared to analysts' expectations of $245.99 million. During the same period in the prior year, the firm earned $2.81 EPS. The business's quarterly revenue was down 7.3% on a year-over-year basis. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, analysts expect that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

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

Kadant Company 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.