Mountain Pacific Investment Advisers LLC Lowers Stock Position in Kadant Inc $KAI

Mountain Pacific Investment Advisers LLC lessened its holdings in shares of Kadant Inc (NYSE:KAI) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,329 shares of the industrial products company’s stock after selling 131 shares during the period. Kadant accounts for approximately 1.3% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 27th biggest position. Mountain Pacific Investment Advisers LLC owned 0.48% of Kadant worth $17,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in Kadant during the 1st quarter valued at approximately $30,000. Maseco LLP bought a new position in shares of Kadant during the second quarter valued at $30,000. Optimum Investment Advisors raised its position in shares of Kadant by 50.0% in the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 50 shares during the last quarter. SVB Wealth LLC bought a new position in Kadant in the 1st quarter worth about $54,000. Finally, Harbor Investment Advisory LLC grew its position in Kadant by 55.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KAI shares. DA Davidson upped their target price on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $380.00 price target on shares of Kadant in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $340.00.

Insider Activity at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the business’s stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Kadant Price Performance

KAI stock opened at $294.78 on Thursday. The firm has a market capitalization of $3.47 billion, a P/E ratio of 32.83 and a beta of 1.22. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $324.60 and a two-hundred day simple moving average of $321.15. Kadant Inc has a 52 week low of $281.30 and a 52 week high of $429.95.

Kadant (NYSE:KAI) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, beating 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 company had revenue of $255.27 million for the quarter, compared to analyst estimates of $245.99 million. During the same quarter in the prior year, the firm posted $2.81 EPS. Kadant’s quarterly revenue was down 7.3% compared to the same quarter last year. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

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

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.