F M Investments LLC Has $4.22 Million Stock Holdings in Kadant Inc. (NYSE:KAI)

F M Investments LLC trimmed its position in Kadant Inc. (NYSE:KAI) by 67.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,243 shares of the industrial products company’s stock after selling 25,031 shares during the period. F M Investments LLC owned about 0.10% of Kadant worth $4,224,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in KAI. Hilltop National Bank bought a new position in Kadant in the fourth quarter valued at about $26,000. Westside Investment Management Inc. bought a new position in shares of Kadant in the 3rd quarter valued at about $31,000. Jones Financial Companies Lllp boosted its stake in shares of Kadant by 267.9% in the 4th quarter. Jones Financial Companies Lllp now owns 103 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 75 shares during the last quarter. Washington Trust Advisors Inc. bought a new stake in shares of Kadant during the fourth quarter worth approximately $85,000. Finally, Avanza Fonder AB bought a new stake in shares of Kadant during the fourth quarter worth approximately $160,000. Institutional investors own 96.13% of the company’s stock.

Kadant Trading Down 5.3 %

NYSE:KAI opened at $311.16 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. Kadant Inc. has a 1-year low of $249.51 and a 1-year high of $429.95. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 32.82 and a beta of 1.24. The business’s 50-day moving average price is $354.19 and its two-hundred day moving average price is $359.16.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.17. Kadant had a net margin of 10.59% and a return on equity of 14.66%. On average, equities analysts expect that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 9th will be given a $0.34 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.44%. This is a boost from Kadant’s previous quarterly dividend of $0.32. Kadant’s dividend payout ratio is currently 14.35%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $410.00 target price on shares of Kadant in a report on Friday, February 14th.

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.