Separately, Barrington Research cut their target price on shares of Kadant from $239.00 to $229.00 in a research note on Thursday, November 3rd.
Kadant Price Performance
KAI opened at $188.57 on Tuesday. Kadant has a 12-month low of $154.19 and a 12-month high of $240.47. The company has a quick ratio of 1.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $2.20 billion, a P/E ratio of 18.51, a PEG ratio of 2.71 and a beta of 1.16. The stock has a fifty day moving average of $173.01 and a 200-day moving average of $182.13.
Insiders Place Their Bets
Institutional Trading of Kadant
Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Kadant in the 1st quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Kadant by 182.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 192 shares of the industrial products company’s stock valued at $32,000 after buying an additional 124 shares during the period. Lazard Asset Management LLC acquired a new position in Kadant during the first quarter worth $47,000. Harbor Investment Advisory LLC raised its holdings in shares of Kadant by 48.3% in the third quarter. Harbor Investment Advisory LLC now owns 513 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 167 shares during the last quarter. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Kadant in the third quarter valued at $95,000. 96.40% of the stock is currently owned by hedge funds and other institutional investors.
Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.
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