Kadant Inc. (NYSE:KAI – Get Rating) Director John M. Albertine sold 1,200 shares of the firm’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 owns 6,813 shares of the company’s stock, valued at $1,158,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kadant Price Performance
Shares of KAI opened at $173.03 on Tuesday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.38 and a beta of 1.21. Kadant Inc. has a twelve month low of $165.37 and a twelve month 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 has a 50 day moving average of $189.12 and a two-hundred day moving average of $188.85.
Kadant Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Thursday, October 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.60%. Kadant’s payout ratio is currently 10.84%.
Institutional Investors Weigh In On Kadant
Analyst Upgrades and Downgrades
Separately, Barrington Research lowered their target price on shares of Kadant from $248.00 to $239.00 and set an “outperform” rating for the company in a research note on Monday.
Kadant Company Profile
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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