Kadant Inc $KAI Stock Holdings Lifted by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey increased its position in Kadant Inc (NYSE:KAI) by 7.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,690 shares of the industrial products company’s stock after purchasing an additional 189 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Kadant were worth $854,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KAI. Geode Capital Management LLC grew its holdings in shares of Kadant by 1.5% during the second quarter. Geode Capital Management LLC now owns 279,013 shares of the industrial products company’s stock valued at $88,583,000 after buying an additional 4,162 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kadant by 17.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 181 shares during the period. Wealth Alliance LLC lifted its position in shares of Kadant by 6.4% in the second quarter. Wealth Alliance LLC now owns 866 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 52 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Kadant by 111.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,097 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 579 shares during the period. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Kadant by 20.1% during the second quarter. Resona Asset Management Co. Ltd. now owns 597 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Insider Activity at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of the company’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 transaction of $140,440.15. Following the completion of the transaction, the director directly owned 4,250 shares in the company, valued at $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rebecca Martinez O’mara sold 699 shares of the 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 directly owned 1,141 shares of the company’s stock, valued at $304,544.31. This represents a 37.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.40% of the company’s stock.

Kadant Trading Up 7.0%

NYSE:KAI opened at $268.41 on Friday. The company’s 50 day moving average is $287.21 and its 200-day moving average is $311.49. 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 Inc has a 12 month low of $244.87 and a 12 month high of $429.95. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 31.03 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. The business 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%. During the same period last year, the business posted $2.84 EPS. Kadant’s revenue 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. Equities analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have issued reports 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 research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a report on Wednesday. Finally, Barrington Research restated an “outperform” rating and issued a $380.00 target price on shares of Kadant in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.