Kadant Inc. (NYSE:KAI – Get Rating) Director William P. Tully sold 252 shares of the firm's stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $169.70, for a total value of $42,764.40. Following the completion of the transaction, the director now owns 3,329 shares in the company, valued at $564,931.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kadant Trading Up 3.3 %

Kadant stock traded up $5.43 during mid-day trading on Monday, hitting $172.24. 44,092 shares of the company's stock were exchanged, compared to its average volume of 37,779. The firm has a market capitalization of $2.01 billion, a P/E ratio of 17.39, a PEG ratio of 2.33 and a beta of 1.17. Kadant Inc. has a fifty-two week low of $165.37 and a fifty-two week high of $240.47. The company has a quick ratio of 1.12, a current ratio of 1.85 and a debt-to-equity ratio of 0.37. The company's 50 day simple moving average is $185.93 and its 200-day simple moving average is $187.11.

Kadant (NYSE:KAI – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $1.97 by $0.27. The business had revenue of $221.65 million for the quarter, compared to the consensus estimate of $219.37 million. Kadant had a return on equity of 17.77% and a net margin of 12.92%. On average, equities analysts anticipate that Kadant Inc. will post 8.97 earnings per share for the current year.

Kadant Dividend Announcement

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their price objective on Kadant from $248.00 to $239.00 and set an "outperform" rating on the stock in a research note on Monday, September 19th.

Institutional Trading of Kadant

Several hedge funds and other institutional investors have recently modified their holdings of KAI. Legal & General Group Plc raised its stake in shares of Kadant by 6.9% during the 2nd quarter. Legal & General Group Plc now owns 45,163 shares of the industrial products company's stock worth $8,235,000 after purchasing an additional 2,916 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kadant by 521.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 60,104 shares of the industrial products company's stock worth $10,960,000 after buying an additional 50,432 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kadant by 2.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 259,359 shares of the industrial products company's stock worth $47,294,000 after acquiring an additional 7,231 shares during the period. Macquarie Group Ltd. grew its holdings in Kadant by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 420,326 shares of the industrial products company's stock valued at $76,646,000 after buying an additional 15,927 shares in the last quarter. Finally, Sei Investments Co. increased its position in Kadant by 2.0% during the 2nd quarter. Sei Investments Co. now owns 52,091 shares of the industrial products company's stock worth $9,498,000 after buying an additional 1,007 shares during the period. Institutional investors and hedge funds own 96.40% of the company's stock.

About Kadant

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Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.

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