Kadant Inc $KAI Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Kadant Inc (NYSE:KAI) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 736 shares of the industrial products company’s stock after selling 72 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Kadant were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in KAI. Maryland State Retirement & Pension System grew its stake in shares of Kadant by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,461 shares of the industrial products company’s stock valued at $1,099,000 after buying an additional 34 shares during the period. Sheets Smith Wealth Management lifted its holdings in Kadant by 1.6% in the second quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 38 shares during the last quarter. Apollon Wealth Management LLC grew its position in Kadant by 2.2% in the first quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 39 shares during the period. Cetera Investment Advisers increased its stake in Kadant by 5.6% during the first quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 40 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Kadant by 0.3% during the second quarter. Blair William & Co. IL now owns 11,673 shares of the industrial products company’s stock worth $3,706,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Insiders Place Their Bets

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the sale, the director owned 4,250 shares of the company’s stock, valued at $1,438,242.50. This trade represents a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Kadant Trading Down 0.7%

NYSE KAI opened at $290.85 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 $3.43 billion, a price-to-earnings ratio of 32.39 and a beta of 1.22. The firm has a 50 day simple moving average of $310.34 and a 200-day simple moving average of $316.46. Kadant Inc has a one year low of $270.73 and a one year high of $429.95.

Kadant (NYSE:KAI) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (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 net margin of 10.34% and a return on equity of 12.62%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. 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 anticipate that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 9th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Kadant’s payout ratio is presently 15.14%.

Analyst Ratings Changes

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