KLP Kapitalforvaltning AS Buys 300 Shares of Kadant Inc $KAI

KLP Kapitalforvaltning AS lifted its stake in Kadant Inc (NYSE:KAI) by 13.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,500 shares of the industrial products company’s stock after acquiring an additional 300 shares during the period. KLP Kapitalforvaltning AS’s holdings in Kadant were worth $794,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sheets Smith Wealth Management increased its position in Kadant by 1.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock worth $749,000 after buying an additional 38 shares during the period. Apollon Wealth Management LLC increased its position in Kadant by 2.2% in the 1st quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock worth $605,000 after buying an additional 39 shares during the period. Cetera Investment Advisers increased its position in Kadant by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock worth $256,000 after buying an additional 40 shares during the period. Xponance Inc. increased its position in Kadant by 5.1% in the 1st quarter. Xponance Inc. now owns 888 shares of the industrial products company’s stock worth $299,000 after buying an additional 43 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Kadant by 5.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 879 shares of the industrial products company’s stock worth $290,000 after buying an additional 43 shares during the period. 96.13% of the stock is owned by institutional investors.

Kadant Price Performance

Kadant stock opened at $297.00 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 2.38. The firm has a market cap of $3.50 billion, a P/E ratio of 33.07 and a beta of 1.22. The business’s fifty day moving average is $315.32 and its two-hundred day moving average is $317.30. Kadant Inc has a 52 week low of $270.73 and a 52 week high of $429.95.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.37. The company 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%.The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 research analysts forecast that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Kadant’s payout ratio is currently 15.14%.

Insider Buying and Selling

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the business’s 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 transaction, the director owned 4,250 shares of the company’s stock, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KAI shares. DA Davidson upped their target price on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 price target on shares of Kadant in a research note on Friday, October 10th. Wall Street Zen raised Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $340.00.

Kadant 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.