Segall Bryant & Hamill LLC Has $11.83 Million Stock Holdings in Kadant Inc. (NYSE:KAI)

Segall Bryant & Hamill LLC increased its position in shares of Kadant Inc. (NYSE:KAI) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,289 shares of the industrial products company’s stock after purchasing an additional 1,136 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.29% of Kadant worth $11,829,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KAI. Zhang Financial LLC increased its stake in shares of Kadant by 0.8% in the fourth quarter. Zhang Financial LLC now owns 5,256 shares of the industrial products company’s stock valued at $1,813,000 after buying an additional 40 shares in the last quarter. Franklin Resources Inc. grew its holdings in Kadant by 1.0% during the 3rd 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. Associated Banc Corp increased its position in Kadant by 7.5% in the 3rd quarter. Associated Banc Corp now owns 831 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 58 shares in the last quarter. Sheets Smith Wealth Management raised its stake in shares of Kadant by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 2,239 shares of the industrial products company’s stock worth $772,000 after acquiring an additional 69 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in shares of Kadant by 9.9% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 764 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 69 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $410.00 price target on shares of Kadant in a report on Friday, February 14th.

Kadant Price Performance

Kadant stock opened at $347.24 on Wednesday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 36.63 and a beta of 1.25. Kadant Inc. has a 12-month low of $249.51 and a 12-month high of $429.95. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $367.87 and its 200 day simple moving average is $359.62.

Kadant (NYSE:KAI) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.08 by $0.17. Kadant had a net margin of 10.59% and a return on equity of 14.66%. As a group, research analysts anticipate that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 9th will be given a $0.34 dividend. This is a positive change from Kadant’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, April 9th. Kadant’s dividend payout ratio (DPR) is currently 14.35%.

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.