Linden Thomas Advisory Services LLC Has $849,000 Holdings in Kadant Inc $KAI

Linden Thomas Advisory Services LLC increased its position in shares of Kadant Inc (NYSE:KAI) by 20.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,675 shares of the industrial products company’s stock after buying an additional 450 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Kadant were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KAI. Maryland State Retirement & Pension System raised its holdings 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 purchasing an additional 34 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of Kadant by 1.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock worth $749,000 after acquiring an additional 38 shares during the last quarter. Apollon Wealth Management LLC raised its stake 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 valued at $605,000 after acquiring an additional 39 shares during the period. Cetera Investment Advisers lifted its holdings in Kadant by 5.6% during the 1st quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 40 shares during the last quarter. Finally, Blair William & Co. IL boosted its position 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 purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Ratings Changes

KAI has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research report on Friday, October 10th. DA Davidson boosted their price objective on Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Wall Street Zen upgraded Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $340.00.

Kadant Stock Performance

NYSE:KAI opened at $290.85 on Monday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 32.39 and a beta of 1.22. Kadant Inc has a fifty-two week low of $270.73 and a fifty-two week 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 stock has a fifty day moving average price of $310.34 and a 200-day moving average price of $316.54.

Kadant (NYSE:KAI) last issued its quarterly earnings results 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 analysts’ expectations of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.Kadant’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities analysts anticipate that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Dividend Announcement

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

Insider Buying and Selling at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of Kadant 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 in the company, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

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.