JPMorgan Chase & Co. Sells 9,415 Shares of Kadant Inc $KAI

JPMorgan Chase & Co. decreased its holdings in Kadant Inc (NYSE:KAI) by 18.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,321 shares of the industrial products company’s stock after selling 9,415 shares during the period. JPMorgan Chase & Co.’s holdings in Kadant were worth $13,117,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in Kadant in the second quarter worth $364,000. Handelsbanken Fonder AB lifted its stake in shares of Kadant by 6.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 78,079 shares of the industrial products company’s stock valued at $24,786,000 after acquiring an additional 5,000 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of Kadant in the 2nd quarter valued at about $1,427,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kadant by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,023 shares of the industrial products company’s stock valued at $960,000 after acquiring an additional 212 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Kadant by 7.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,690 shares of the industrial products company’s stock worth $854,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

KAI has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a research report on Monday, December 1st. Barrington Research reiterated an “outperform” rating and set a $380.00 price target on shares of Kadant in a report on Monday, October 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $340.00.

Insider Transactions at Kadant

In other news, Director Rebecca Martinez O’mara sold 699 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total value of $186,570.09. Following the completion of the transaction, the director owned 1,141 shares of the company’s stock, valued at approximately $304,544.31. This represents a 37.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Erin L. Russell sold 1,435 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total value of $405,186.60. Following the completion of the transaction, the director owned 3,066 shares of the company’s stock, valued at approximately $865,715.76. The trade was a 31.88% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by corporate insiders.

Kadant Price Performance

KAI opened at $288.48 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.60 and a current ratio of 2.45. The stock has a market capitalization of $3.40 billion, a PE ratio of 33.35 and a beta of 1.26. The stock’s 50 day moving average price is $282.37 and its 200-day moving average price is $309.14. Kadant Inc has a 52-week low of $244.87 and a 52-week high of $420.74.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. The company had revenue of $271.57 million during the quarter, compared to analyst estimates of $260.17 million. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS and its FY 2025 guidance at 9.050-9.250 EPS. On average, equities research analysts predict that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Thursday, January 8th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, January 8th. This represents a $1.36 annualized dividend and a dividend yield of 0.5%. Kadant’s payout ratio is currently 15.72%.

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.