2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its holdings in Kadant Inc. ( NYSE:KAI – Free Report ) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 1,187 shares of the industrial products company’s stock after purchasing an additional 37 shares during the quarter. Bank of Montreal Can’s holdings in Kadant were worth $410,000 as of its most recent SEC filing. Several other large investors also recently bought and sold shares of KAI.
Virtu Financial LLC purchased a new position in shares of Kadant in the 3rd quarter valued at approximately $444,000. Westside Investment Management Inc. acquired a new position in shares of Kadant during the 3rd quarter worth $31,000.
Synovus Financial Corp purchased a new stake in shares of Kadant in the 3rd quarter worth about $585,000. Franklin Resources Inc. raised its position in shares of Kadant by 1.
0% during the 3rd quarter. Franklin Resources Inc. now owns 4,510 shares of the industrial products company’s stock worth $1,483,000 after purchasing an additional 44 shares during the last quarter.
Finally, Dudley & Shanley Inc. raised its stake in Kadant by 196.7% in the 3rd quarter.
Dudley & Shanley Inc. now owns 32,500 shares of the industrial products company’s stock valued at $10,985,000 after purchasing an additional 21,545 shares during the last quarter. Institutional investors and hedge funds own 96.
13% of the company’s stock. Wall Street Analysts Forecast Growth Separately, Barrington Research restated an “outperform” rating and issued a $410.00 price target on shares of Kadant in a report on Friday, February 14th.
Kadant Stock Performance Shares of KAI stock opened at $295.10 on Wednesday. The company’s fifty day simple moving average is $344.
95 and its 200-day simple moving average is $357.84. 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 52 week low of $249.51 and a 52 week high of $429.
95. The company has a market cap of $3.48 billion, a PE ratio of 31.
13 and a beta of 1.24. Kadant ( NYSE:KAI – Get Free Report ) last released its quarterly earnings results on Wednesday, February 12th.
The industrial products company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.
17. Kadant had a return on equity of 14.66% and a net margin of 10.
59%. As a group, equities research analysts anticipate that Kadant Inc. will post 9.
97 EPS for the current year. Kadant Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 9th will be paid a $0.
34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.
46%. The ex-dividend date is Wednesday, April 9th. This is a positive change from Kadant’s previous quarterly dividend of $0.
32. Kadant’s dividend payout ratio is 14.35%.
Kadant Company Profile ( Free Report ) 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.
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