Linden Thomas Advisory Services LLC Buys 450 Shares of Kadant Inc $KAI

Linden Thomas Advisory Services LLC raised its stake in Kadant Inc (NYSE:KAI) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its stake 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 acquiring an additional 34 shares during the last quarter. Sheets Smith Wealth Management raised its position in Kadant by 1.6% in the second 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 raised its position in Kadant by 2.2% in the first 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 stake in shares of Kadant by 5.6% during the first 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 in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of 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 last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Kadant Price Performance

Shares of NYSE KAI opened at $290.85 on Monday. The company has a market capitalization of $3.43 billion, a PE ratio of 32.39 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. Kadant Inc has a twelve month low of $270.73 and a twelve month high of $429.95. The firm has a fifty day simple moving average of $310.34 and a 200 day simple moving average of $316.54.

Kadant (NYSE:KAI) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $245.99 million. During the same period last year, the business posted $2.81 EPS. The business’s 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. On average, sell-side analysts forecast that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Transactions at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction 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 $1,438,242.50. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.