EULAV Asset Management Has $11.49 Million Position in Kadant Inc. (NYSE:KAI)

EULAV Asset Management raised its holdings in shares of Kadant Inc. (NYSE:KAI) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,300 shares of the industrial products company’s stock after purchasing an additional 5,500 shares during the quarter. EULAV Asset Management’s holdings in Kadant were worth $11,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zhang Financial LLC lifted its stake in shares of Kadant by 0.8% during the 4th quarter. Zhang Financial LLC now owns 5,256 shares of the industrial products company’s stock worth $1,813,000 after buying an additional 40 shares during the last quarter. Franklin Resources Inc. lifted its position in Kadant by 1.0% during the third quarter. Franklin Resources Inc. now owns 4,510 shares of the industrial products company’s stock worth $1,483,000 after acquiring an additional 44 shares during the last quarter. Trust Point Inc. grew its position in shares of Kadant by 1.1% in the third quarter. Trust Point Inc. now owns 4,178 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 45 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Kadant by 0.7% during the third quarter. King Luther Capital Management Corp now owns 7,156 shares of the industrial products company’s stock worth $2,419,000 after purchasing an additional 48 shares during the period. Finally, Associated Banc Corp lifted its holdings in Kadant by 7.5% during the 3rd quarter. Associated Banc Corp now owns 831 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 58 shares during the last quarter. 96.13% of the stock is owned by institutional investors.

Kadant Stock Down 1.3 %

Shares of KAI opened at $364.54 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.28 billion, a PE ratio of 37.31 and a beta of 1.29. The firm’s 50 day moving average is $367.55 and its 200-day moving average is $348.32. Kadant Inc. has a 12 month low of $249.51 and a 12 month high of $429.95.

Kadant Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, January 10th were issued a $0.32 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.28 annualized dividend and a yield of 0.35%. Kadant’s dividend payout ratio is presently 13.10%.

Analysts Set New Price Targets

Separately, Barrington Research upped their price objective on Kadant from $360.00 to $410.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Insider Activity

In related news, VP Fredrik H. Westerhout sold 600 shares of Kadant stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $397.25, for a total value of $238,350.00. Following the transaction, the vice president now directly owns 1,437 shares of the company’s stock, valued at $570,848.25. This trade represents a 29.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rebecca Martinez O’mara sold 300 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $392.59, for a total value of $117,777.00. Following the sale, the director now owns 1,293 shares of the company’s stock, valued at $507,618.87. The trade was a 18.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,052 shares of company stock worth $416,655. 1.40% of the stock is currently owned by company insiders.

Kadant Company 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.