Epoch Investment Partners Inc. boosted its holdings in Kadant Inc (NYSE:KAI) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,967 shares of the industrial products company’s stock after buying an additional 26,771 shares during the period. Epoch Investment Partners Inc. owned approximately 1.64% of Kadant worth $17,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KAI. Smith Asset Management Group LP purchased a new position in Kadant in the third quarter worth $3,611,000. Cortina Asset Management LLC grew its position in Kadant by 107.8% in the third quarter. Cortina Asset Management LLC now owns 182,124 shares of the industrial products company’s stock worth $17,948,000 after acquiring an additional 94,500 shares in the last quarter. EAM Investors LLC grew its position in Kadant by 29.1% in the third quarter. EAM Investors LLC now owns 60,938 shares of the industrial products company’s stock worth $6,005,000 after acquiring an additional 13,743 shares in the last quarter. Alps Advisors Inc. purchased a new position in Kadant in the third quarter worth $515,000. Finally, Sterling Capital Management LLC purchased a new position in Kadant in the second quarter worth $580,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

In other news, CEO Jonathan W. Painter sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total transaction of $2,076,400.00. Following the completion of the transaction, the chief executive officer now directly owns 76,082 shares of the company’s stock, valued at $7,898,833.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William P. Tully sold 1,250 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $89.60, for a total transaction of $112,000.00. Following the transaction, the director now directly owns 5,250 shares of the company’s stock, valued at $470,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,687 shares of company stock valued at $2,887,844. Insiders own 5.59% of the company’s stock.

KAI has been the subject of several research reports. Zacks Investment Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Sidoti lowered shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Kadant from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $104.67.

Kadant Inc (NYSE:KAI) traded up $0.55 during trading on Thursday, reaching $102.60. 99,300 shares of the company’s stock traded hands, compared to its average volume of 59,691. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65. The company has a market capitalization of $1,123.30, a P/E ratio of 25.39 and a beta of 1.36. Kadant Inc has a 1-year low of $56.15 and a 1-year high of $114.00.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.14 by $0.35. The firm had revenue of $152.79 million during the quarter, compared to the consensus estimate of $141.33 million. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The company’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. analysts predict that Kadant Inc will post 4.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, January 10th. Kadant’s dividend payout ratio (DPR) is 24.85%.

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Kadant Company Profile

Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.

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Institutional Ownership by Quarter for Kadant (NYSE:KAI)

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