Envestnet Asset Management Inc. Trims Holdings in Kadant Inc $KAI

Envestnet Asset Management Inc. trimmed its holdings in Kadant Inc (NYSE:KAI) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,499 shares of the industrial products company’s stock after selling 739 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kadant were worth $11,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Champlain Investment Partners LLC grew its holdings in Kadant by 249.0% in the first quarter. Champlain Investment Partners LLC now owns 160,800 shares of the industrial products company’s stock worth $54,175,000 after purchasing an additional 114,732 shares during the period. Vanguard Group Inc. grew its stake in shares of Kadant by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company’s stock worth $448,961,000 after buying an additional 114,310 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Kadant by 519.2% in the 1st quarter. Select Equity Group L.P. now owns 80,677 shares of the industrial products company’s stock worth $27,181,000 after buying an additional 67,648 shares during the last quarter. Public Sector Pension Investment Board bought a new position in Kadant during the 1st quarter valued at approximately $12,555,000. Finally, Bank of New York Mellon Corp raised its stake in Kadant by 71.1% during the first quarter. Bank of New York Mellon Corp now owns 79,631 shares of the industrial products company’s stock valued at $26,829,000 after buying an additional 33,084 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Kadant Stock Performance

KAI stock opened at $269.10 on Friday. 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 1 year low of $264.32 and a 1 year high of $429.95. The company has a market cap of $3.17 billion, a P/E ratio of 31.11 and a beta of 1.24. The stock’s fifty day moving average price is $299.89 and its 200-day moving average price is $314.66.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. The company had revenue of $271.57 million during 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%.Kadant’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, equities analysts forecast that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 9th were issued a $0.34 dividend. The ex-dividend date of this dividend was 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 presently 15.72%.

Insider Transactions at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the business’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 completion of the sale, the director directly owned 4,250 shares in the company, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KAI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and set a $380.00 price objective on shares of Kadant in a research report on Monday, October 27th. Finally, DA Davidson lifted their target price on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $340.00.

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.