Bank of Montreal Can Has $878,000 Stock Position in Kadant Inc $KAI

Bank of Montreal Can lowered its position in shares of Kadant Inc (NYSE:KAI) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,767 shares of the industrial products company’s stock after selling 204 shares during the period. Bank of Montreal Can’s holdings in Kadant were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Maseco LLP acquired a new stake in shares of Kadant in the second quarter valued at approximately $30,000. SVB Wealth LLC acquired a new position in shares of Kadant during the 1st quarter worth $54,000. Harbor Investment Advisory LLC lifted its position in shares of Kadant by 55.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock worth $55,000 after buying an additional 62 shares during the last quarter. Hilltop National Bank acquired a new stake in Kadant in the second quarter valued at about $62,000. Finally, Russell Investments Group Ltd. grew its position in Kadant by 982.6% in the first quarter. Russell Investments Group Ltd. now owns 249 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 226 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Kadant Stock Down 2.6%

Shares of NYSE KAI opened at $255.45 on Friday. The company has a 50 day simple moving average of $293.77 and a 200 day simple moving average of $312.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 9.39 and a quick ratio of 1.53. Kadant Inc has a 1 year low of $254.65 and a 1 year high of $429.95. The firm has a market cap of $3.01 billion, a PE ratio of 29.53 and a beta of 1.24.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. The firm had revenue of $271.57 million for the quarter, compared to analyst estimates of $260.17 million. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, research analysts forecast that Kadant Inc will post 9.97 EPS for the current year.

Kadant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Thursday, January 8th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, January 8th. Kadant’s dividend payout ratio is presently 15.72%.

Insider Buying and Selling at Kadant

In other Kadant news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total transaction of $140,440.15. Following the transaction, the director directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rebecca Martinez O’mara sold 699 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $266.91, for a total value of $186,570.09. Following the completion of the sale, the director owned 1,141 shares in the company, valued at $304,544.31. This trade represents a 37.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KAI. DA Davidson increased their target price on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Kadant currently has a consensus rating of “Hold” and an average target price of $340.00.

About Kadant

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.