Vestmark Advisory Solutions Inc. Has $2.73 Million Holdings in Kadant Inc $KAI

Vestmark Advisory Solutions Inc. decreased its position in shares of Kadant Inc (NYSE:KAI) by 53.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,603 shares of the industrial products company’s stock after selling 9,993 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.07% of Kadant worth $2,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Kadant by 9.4% during the first quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company’s stock valued at $448,961,000 after purchasing an additional 114,310 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Kadant by 0.4% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 222,051 shares of the industrial products company’s stock valued at $70,490,000 after buying an additional 842 shares during the last quarter. Northern Trust Corp boosted its position in Kadant by 7.1% during the 1st quarter. Northern Trust Corp now owns 165,438 shares of the industrial products company’s stock worth $55,738,000 after buying an additional 10,972 shares during the period. Champlain Investment Partners LLC boosted its position in Kadant by 249.0% during the 1st quarter. Champlain Investment Partners LLC now owns 160,800 shares of the industrial products company’s stock worth $54,175,000 after buying an additional 114,732 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kadant by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 126,606 shares of the industrial products company’s stock worth $42,655,000 after acquiring an additional 4,920 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KAI. DA Davidson boosted their price objective 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. Barrington Research restated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kadant in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $340.00.

Kadant Trading Up 0.3%

NYSE KAI opened at $269.10 on Friday. The stock has a market capitalization of $3.17 billion, a P/E ratio of 31.11 and a beta of 1.24. The business has a 50 day simple moving average of $299.89 and a 200 day simple moving average of $314.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 9.39 and a quick ratio of 1.53. Kadant Inc has a one year low of $264.32 and a one year high of $429.95.

Kadant (NYSE:KAI) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. The firm had revenue of $271.57 million for the quarter, compared to analysts’ expectations of $260.17 million. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 EPS. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. Research analysts expect that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 9th. Kadant’s payout ratio is 15.72%.

Insider Buying and Selling at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction dated 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 owned 4,250 shares of the company’s stock, valued at $1,438,242.50. This represents a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

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.