Kadant Inc. (NYSE:KAI) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in Kadant Inc. (NYSE:KAI) by 105.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,888 shares of the industrial products company’s stock after acquiring an additional 2,504 shares during the period. Intech Investment Management LLC’s holdings in Kadant were worth $1,686,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KAI. Hilltop National Bank bought a new position in Kadant in the fourth quarter worth about $26,000. Icon Wealth Advisors LLC bought a new position in Kadant in the third quarter worth about $28,000. Westside Investment Management Inc. bought a new position in Kadant in the third quarter worth about $31,000. Jones Financial Companies Lllp lifted its holdings in Kadant by 267.9% in the fourth quarter. Jones Financial Companies Lllp now owns 103 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Kadant in the fourth quarter valued at approximately $85,000. Institutional investors own 96.13% of the company’s stock.

Kadant Price Performance

Shares of NYSE:KAI opened at $333.16 on Friday. The firm’s 50 day moving average is $368.04 and its two-hundred day moving average is $358.26. Kadant Inc. has a 52 week low of $249.51 and a 52 week high of $429.95. The firm has a market capitalization of $3.92 billion, a P/E ratio of 35.14 and a beta of 1.25. 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 (NYSE:KAI) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 EPS 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%. Analysts anticipate that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.41%. 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 (DPR) is currently 14.35%.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $410.00 price target on shares of Kadant in a research note 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.