FY2022 EPS Estimates for Kadant Inc. (NYSE:KAI) Lifted by Analyst

Kadant Inc. (NYSE:KAIGet Rating) – Equities researchers at Seaport Res Ptn increased their FY2022 earnings per share (EPS) estimates for Kadant in a research report issued on Tuesday, September 20th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $9.04 for the year, up from their prior forecast of $8.98. The consensus estimate for Kadant’s current full-year earnings is $8.95 per share.

Separately, Barrington Research decreased their price target on Kadant from $248.00 to $239.00 and set an “outperform” rating for the company in a research note on Monday.

Kadant Stock Up 0.5 %

KAI stock opened at $173.92 on Wednesday. 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 business has a 50 day moving average price of $188.99 and a two-hundred day moving average price of $188.74. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.42 and a beta of 1.21. Kadant has a twelve month low of $165.37 and a twelve month high of $240.47.

Kadant Dividend Announcement

The firm also recently announced 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 is Wednesday, October 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.60%. Kadant’s dividend payout ratio is currently 10.84%.

Insider Transactions at Kadant

In other news, Director John M. Albertine sold 1,200 shares of Kadant stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $170.00, for a total transaction of $204,000.00. Following the completion of the transaction, the director now directly owns 6,813 shares in the company, valued at approximately $1,158,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John M. Albertine sold 1,200 shares of Kadant stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $170.00, for a total transaction of $204,000.00. Following the completion of the transaction, the director now directly owns 6,813 shares in the company, valued at approximately $1,158,210. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Tully sold 505 shares of Kadant stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $171.36, for a total value of $86,536.80. Following the transaction, the director now owns 3,346 shares of the company’s stock, valued at $573,370.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors Inc. boosted its stake in Kadant by 3.6% in the 1st quarter. Wasatch Advisors Inc. now owns 1,608,728 shares of the industrial products company’s stock valued at $312,399,000 after purchasing an additional 55,595 shares during the period. Goldman Sachs Group Inc. boosted its stake in Kadant by 521.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 60,104 shares of the industrial products company’s stock valued at $10,960,000 after purchasing an additional 50,432 shares during the period. ProShare Advisors LLC boosted its stake in Kadant by 2,063.4% in the 2nd quarter. ProShare Advisors LLC now owns 46,772 shares of the industrial products company’s stock valued at $8,528,000 after purchasing an additional 44,610 shares during the period. Royce & Associates LP boosted its stake in Kadant by 7.6% in the 2nd quarter. Royce & Associates LP now owns 481,230 shares of the industrial products company’s stock valued at $87,752,000 after purchasing an additional 33,783 shares during the period. Finally, Credit Suisse AG boosted its stake in Kadant by 193.3% in the 4th quarter. Credit Suisse AG now owns 46,751 shares of the industrial products company’s stock valued at $10,774,000 after purchasing an additional 30,813 shares during the period. 96.40% of the stock is currently owned by institutional investors.

Kadant Company Profile

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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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Earnings History and Estimates for Kadant (NYSE:KAI)

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