IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 78 Shares of Kadant Inc $KAI

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in shares of Kadant Inc (NYSE:KAI) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,517 shares of the industrial products company’s stock after selling 78 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Kadant were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its holdings in shares of Kadant by 1.0% during 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 last quarter. Sheets Smith Wealth Management boosted 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 valued at $749,000 after purchasing an additional 38 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Kadant by 2.2% during the 1st quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 39 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 holdings in shares of Kadant by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 11,673 shares of the industrial products company’s stock valued at $3,706,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KAI shares. DA Davidson increased their price target on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Monday. Finally, Wall Street Zen raised shares of Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Kadant presently has a consensus rating of “Hold” and an average price target of $340.00.

Kadant Stock Performance

Shares of NYSE:KAI opened at $298.69 on Wednesday. The firm has a market cap of $3.52 billion, a PE ratio of 33.26 and a beta of 1.22. The firm’s 50 day simple moving average is $308.72 and its 200-day simple moving average is $316.28. Kadant Inc has a one year low of $270.73 and a one year 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.

Kadant (NYSE:KAI) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, topping 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 10.34% and a return on equity of 12.62%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $2.84 earnings per share. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, equities analysts predict 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. Stockholders of record on Thursday, October 9th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Kadant’s dividend payout ratio (DPR) is 15.14%.

Insider Activity at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

About Kadant

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.