Kadant Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Kadant stock.
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2 Wall Street analysts have issued 12 month target prices for Kadant's shares. Their KAI stock forecasts range from $250.00 to $250.00. On average, they predict Kadant's stock price to reach $250.00 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price.
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Kadant's stock was trading at $230.48 on January 1st, 2022. Since then, KAI shares have decreased by 20.2% and is now trading at $183.94.
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Kadant is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Kadant Inc. (NYSE:KAI) released its earnings results on Tuesday, May, 3rd. The industrial products company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.20. The industrial products company earned $226.48 million during the quarter, compared to analyst estimates of $215.17 million. Kadant had a trailing twelve-month return on equity of 17.88% and a net margin of 12.93%. Kadant's revenue was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS.
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Kadant announced a quarterly dividend on Thursday, May 19th. Investors of record on Thursday, July 14th will be paid a dividend of $0.26 per share on Thursday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, July 13th.
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Kadant(NYSE:KAI) pays an annual dividend of $1.04 per share and currently has a dividend yield of 0.58%. Kadant has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Kadant is 11.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Kadant will have a dividend payout ratio of 10.66% next year. This indicates that Kadant will be able to sustain or increase its dividend.
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Kadant updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $1.86-$1.96 for the period, compared to the consensus estimate of $2.29. The company issued revenue guidance of $215.00 million-$220.00 million, compared to the consensus revenue estimate of $227.96 million.

7 employees have rated Kadant CEO Jonathan W. (Jon) Painter on Glassdoor.com. Jonathan W. (Jon) Painter has an approval rating of 76% among Kadant's employees.

Some companies that are related to Kadant include Illinois Tool Works (ITW), Parker-Hannifin (PH), Dover (DOV), Ingersoll Rand (IR), Stanley Black & Decker (SWK), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Lincoln Electric (LECO), Middleby (MIDD), Chart Industries (GTLS) and Donaldson (DCI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), AbbVie (ABBV), Altria Group (MO), Exxon Mobil (XOM), A. O. Smith (AOS), Eastman Chemical (EMN), Corning (GLW), Coca-Cola (KO), NVIDIA (NVDA) and ResMed (RMD).

Kadant trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAI."

Kadant's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors Inc. (13.80%), Neuberger Berman Group LLC (7.09%), BlackRock Inc. (6.70%), Vanguard Group Inc. (5.12%), Chevy Chase Trust Holdings Inc. (3.86%) and Royce & Associates LP (3.84%). Company insiders that own Kadant stock include Dara F Mitchell, Eric T Langevin, Erin L Russell, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Stacy D Krause, Stacy D Krause, Thomas C Leonard and William P Tully.
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KAI stock was sold by a variety of institutional investors in the last quarter, including Chevy Chase Trust Holdings Inc., Neuberger Berman Group LLC, Goldman Sachs Group Inc., Eagle Asset Management Inc., Handelsbanken Fonder AB, Dimensional Fund Advisors LP, JPMorgan Chase & Co., and Northern Trust Corp. Company insiders that have sold Kadant company stock in the last two years include Dara F Mitchell, Eric T Langevin, Erin L Russell, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Stacy D Krause, Thomas C Leonard, and William P Tully.
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KAI stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Riverbridge Partners LLC, Vanguard Group Inc., Raymond James & Associates, Aviva PLC, RMB Capital Management LLC, Cornercap Investment Counsel Inc., and Royce & Associates LP.
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Shares of KAI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KAI stock can currently be purchased for approximately $183.94.

Kadant (NYSE:KAI) has a market capitalization of $2.14 billion and generates $786.58 million in revenue each year. The industrial products company earns $84.04 million in net income (profit) each year or $9.309990 on an earnings per share basis.

Kadant employs 2,900 workers across the globe.

Kadant was founded in 1991.

Kadant's mailing address is ONE TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The official website for Kadant is www.kadant.com. The industrial products company can be reached via phone at (978) 776-2000, via email at [email protected], or via fax at 978-635-1593.