Kadant Inc. (NYSE:KAI – Get Rating) Director John M. Albertine sold 1,200 shares of the business's stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $170.00, for a total transaction of $204,000.00. Following the completion of the sale, the director now directly owns 6,813 shares in the company, valued at $1,158,210. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kadant Trading Up 1.6 %

Shares of Kadant stock opened at $173.03 on Tuesday. The company has a fifty day simple moving average of $189.12 and a 200-day simple moving average of $188.85. The company has a current ratio of 1.85, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.38 and a beta of 1.21. Kadant Inc. has a 12-month low of $165.37 and a 12-month high of $240.47.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, October 13th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.60%. Kadant's dividend payout ratio is presently 10.84%.

Hedge Funds Weigh In On Kadant

Analyst Upgrades and Downgrades

Separately, Barrington Research reduced their price target on shares of Kadant from $248.00 to $239.00 and set an "outperform" rating on the stock in a research note on Monday.

Kadant Company Profile

(Get Rating)

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.

Further Reading

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