Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $960,000 Stock Holdings in Kadant Inc $KAI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Kadant Inc (NYSE:KAI) by 7.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,023 shares of the industrial products company’s stock after purchasing an additional 212 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kadant were worth $960,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Corebridge Financial Inc. increased its position in shares of Kadant by 5.0% during the first quarter. Corebridge Financial Inc. now owns 6,122 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 293 shares in the last quarter. Intech Investment Management LLC boosted its stake in Kadant by 31.8% in the 1st quarter. Intech Investment Management LLC now owns 6,441 shares of the industrial products company’s stock worth $2,170,000 after purchasing an additional 1,553 shares during the period. Royal Bank of Canada boosted its stake in Kadant by 1.6% in the 1st quarter. Royal Bank of Canada now owns 77,923 shares of the industrial products company’s stock worth $26,253,000 after purchasing an additional 1,209 shares during the period. Amundi bought a new position in Kadant during the 1st quarter worth about $6,390,000. Finally, Vancity Investment Management Ltd acquired a new stake in shares of Kadant in the 1st quarter valued at about $613,000. Institutional investors own 96.13% of the company’s stock.

Kadant Stock Up 7.0%

KAI stock opened at $268.41 on Monday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 31.03 and a beta of 1.24. Kadant Inc has a twelve month low of $244.87 and a twelve month high of $429.95. The business has a 50 day moving average price of $287.21 and a two-hundred day moving average price of $311.64. The company has a quick ratio of 1.53, a current ratio of 9.39 and a debt-to-equity ratio of 0.27.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.18 by $0.41. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The company had revenue of $271.57 million during the quarter, compared to the consensus estimate of $260.17 million. During the same quarter in the prior year, the firm posted $2.84 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. Analysts anticipate that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Announces Dividend

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

Insider Activity

In related 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 completion of the transaction, the director owned 4,250 shares in the company, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rebecca Martinez O’mara sold 699 shares of the company’s stock in a transaction that occurred on 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 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 insiders.

Analyst Upgrades and Downgrades

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

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.