Farther Finance Advisors LLC Sells 458 Shares of Kadant Inc $KAI

Farther Finance Advisors LLC lessened its stake in Kadant Inc (NYSE:KAI) by 69.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197 shares of the industrial products company’s stock after selling 458 shares during the period. Farther Finance Advisors LLC’s holdings in Kadant were worth $63,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in shares of Kadant by 2.2% in the 1st quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock valued at $605,000 after buying an additional 39 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Kadant by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock valued at $256,000 after buying an additional 40 shares during the last quarter. Xponance Inc. grew its position in shares of Kadant by 5.1% in the 1st quarter. Xponance Inc. now owns 888 shares of the industrial products company’s stock valued at $299,000 after buying an additional 43 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Kadant by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 879 shares of the industrial products company’s stock valued at $290,000 after buying an additional 43 shares during the last quarter. Finally, Wealth Alliance LLC grew its position in shares of Kadant by 6.3% in the 1st quarter. Wealth Alliance LLC now owns 814 shares of the industrial products company’s stock valued at $274,000 after buying an additional 48 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Kadant Stock Performance

Shares of Kadant stock opened at $303.36 on Monday. The company has a market cap of $3.57 billion, a PE ratio of 33.78 and a beta of 1.22. Kadant Inc has a 52 week low of $281.30 and a 52 week high of $429.95. The business has a 50 day moving average price of $322.94 and a 200-day moving average price of $320.19. 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) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.94 by $0.37. The firm had revenue of $255.27 million during the quarter, compared to the consensus estimate of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business 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 analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Announces Dividend

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 $0.34 dividend. 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 is 15.14%.

Analyst Ratings Changes

KAI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Kadant in a research note on Saturday, September 27th. Barrington Research reissued an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Tuesday, September 23rd. Wall Street Zen raised Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, DA Davidson boosted their price objective on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Kadant currently has a consensus rating of “Hold” and a consensus price target of $340.00.

Insider Activity at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction that occurred 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 directly owned 4,250 shares of the company’s stock, valued at $1,438,242.50. This 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 company insiders.

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.