Callan Family Office LLC Has $4.78 Million Holdings in Kadant Inc $KAI

Callan Family Office LLC boosted its holdings in shares of Kadant Inc (NYSE:KAI) by 1,094.8% in the second quarter, HoldingsChannel reports. The fund owned 15,055 shares of the industrial products company’s stock after buying an additional 13,795 shares during the quarter. Callan Family Office LLC’s holdings in Kadant were worth $4,779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KAI. Champlain Investment Partners LLC boosted its position in Kadant by 249.0% during the 1st quarter. Champlain Investment Partners LLC now owns 160,800 shares of the industrial products company’s stock worth $54,175,000 after acquiring an additional 114,732 shares during the period. Vanguard Group Inc. boosted its position in Kadant by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company’s stock worth $448,961,000 after acquiring an additional 114,310 shares during the period. Conestoga Capital Advisors LLC boosted its position in Kadant by 97.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company’s stock worth $74,528,000 after acquiring an additional 109,439 shares during the period. Select Equity Group L.P. boosted its position in Kadant by 519.2% during the 1st quarter. Select Equity Group L.P. now owns 80,677 shares of the industrial products company’s stock worth $27,181,000 after acquiring an additional 67,648 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Kadant by 809.9% during the 1st quarter. Principal Financial Group Inc. now owns 64,893 shares of the industrial products company’s stock worth $21,863,000 after acquiring an additional 57,761 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Kadant Stock Down 5.1%

KAI opened at $271.63 on Friday. The business has a 50 day moving average price of $318.08 and a 200 day moving average price of $318.76. Kadant Inc has a twelve month low of $270.73 and a twelve month high of $429.95. 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 $3.20 billion, a P/E ratio of 30.25 and a beta of 1.22.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.37. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The firm had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. During the same period in the previous year, the company earned $2.81 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Research analysts forecast that Kadant Inc will post 9.97 EPS for the current 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 issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Kadant’s payout ratio is 15.14%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KAI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kadant in a report on Wednesday. DA Davidson lifted their price target on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and set a $380.00 price target on shares of Kadant in a report on Friday. Finally, Wall Street Zen upgraded Kadant from a “sell” rating to a “hold” rating in a 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $340.00.

Insiders Place Their Bets

In related news, Director Thomas C. Leonard sold 415 shares of the business’s 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 in the company, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

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.