Epoch Investment Partners Inc. Has $24.45 Million Position in Kadant Inc. (KAI)

Epoch Investment Partners Inc. lessened its position in shares of Kadant Inc. (NYSE:KAI) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 226,743 shares of the industrial products company’s stock after selling 10,493 shares during the quarter. Epoch Investment Partners Inc. owned approximately 2.04% of Kadant worth $24,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its holdings in Kadant by 11.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 6,327 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 640 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Kadant by 40.3% during the third quarter. GSA Capital Partners LLP now owns 3,448 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 990 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Kadant by 0.6% during the third quarter. Eagle Asset Management Inc. now owns 169,494 shares of the industrial products company’s stock valued at $18,279,000 after purchasing an additional 1,035 shares in the last quarter. EULAV Asset Management lifted its holdings in Kadant by 10.0% during the third quarter. EULAV Asset Management now owns 12,100 shares of the industrial products company’s stock valued at $1,305,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in Kadant during the third quarter valued at $121,000. 91.39% of the stock is currently owned by institutional investors and hedge funds.

KAI opened at $82.56 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $959.89 million, a price-to-earnings ratio of 17.97 and a beta of 1.22. Kadant Inc. has a 52-week low of $81.87 and a 52-week high of $111.85.

Kadant (NYSE:KAI) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.15. The firm had revenue of $165.80 million for the quarter, compared to the consensus estimate of $164.72 million. Kadant had a net margin of 6.91% and a return on equity of 15.90%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. On average, research analysts anticipate that Kadant Inc. will post 5.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Stockholders of record on Wednesday, January 9th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, January 8th. Kadant’s dividend payout ratio is currently 19.60%.

Several equities analysts have issued reports on KAI shares. ValuEngine raised shares of Kadant from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research downgraded shares of Kadant from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Barrington Research set a $112.00 price objective on shares of Kadant and gave the company a “buy” rating in a report on Wednesday, October 31st.

In other news, Director Thomas C. Leonard sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $110.00, for a total value of $110,000.00. Following the transaction, the director now directly owns 22,100 shares of the company’s stock, valued at $2,431,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William P. Tully sold 750 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $99.66, for a total transaction of $74,745.00. Following the completion of the transaction, the director now directly owns 6,025 shares in the company, valued at $600,451.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,250 shares of company stock worth $648,920. Insiders own 5.40% of the company’s stock.

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Kadant Company Profile

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

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Institutional Ownership by Quarter for Kadant (NYSE:KAI)

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