Riverbridge Partners LLC Cuts Position in Kadant Inc $KAI

Key Points

• Riverbridge Partners LLC has reduced its position in Kadant Inc by 12.7%, now owning 215,690 shares valued at approximately $68.47 million.
• Kadant recently reported an earnings per share (EPS) of $2.31 for the last quarter, exceeding estimates by $0.37, but saw a 7.3% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.34 per share, with a yield of 0.4%, payable on November 6th.

Riverbridge Partners LLC decreased its position in Kadant Inc (NYSE:KAI - Free Report) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,690 shares of the industrial products company's stock after selling 31,499 shares during the quarter. Riverbridge Partners LLC owned 1.83% of Kadant worth $68,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Kadant in the first quarter valued at approximately $30,000. Maseco LLP purchased a new stake in shares of Kadant during the second quarter worth $30,000. Optimum Investment Advisors increased its position 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 acquiring an additional 50 shares during the period. SVB Wealth LLC purchased a new stake in shares of Kadant during the first quarter worth $54,000. Finally, Harbor Investment Advisory LLC increased its position in shares of Kadant by 55.4% during the second quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company's stock worth $55,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Kadant Stock Performance

NYSE:KAI opened at $303.71 on Thursday. The firm has a market capitalization of $3.58 billion, a PE ratio of 33.82 and a beta of 1.25. The business's fifty day moving average price is $328.09 and its 200 day moving average price is $323.01. 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.

Kadant (NYSE:KAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, beating the consensus estimate of $1.94 by $0.37. The firm had revenue of $255.27 million for the quarter, compared to analyst estimates of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.Kadant's revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, sell-side analysts anticipate 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. Shareholders of record on Thursday, October 9th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, October 9th. Kadant's dividend payout ratio is currently 15.14%.

Insider Transactions at Kadant

In other Kadant 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 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 legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KAI has been the topic of a number of recent research reports. Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Barrington Research reaffirmed an "outperform" rating and set a $380.00 price objective on shares of Kadant in a research report on Tuesday. Finally, DA Davidson upped their price objective on Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.00.

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.

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