Handelsbanken Fonder AB Sells 2,000 Shares of Kadant Inc $KAI

Handelsbanken Fonder AB trimmed its holdings in Kadant Inc (NYSE:KAI) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,079 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kadant were worth $26,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Kadant by 1,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Kadant in the 2nd quarter valued at about $27,000. CWM LLC lifted its stake in shares of Kadant by 102.3% in the 4th quarter. CWM LLC now owns 87 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 44 shares during the period. Danske Bank A S bought a new stake in Kadant in the 4th quarter valued at about $29,000. Finally, Allworth Financial LP increased its position in Kadant by 89.1% in the 3rd quarter. Allworth Financial LP now owns 104 shares of the industrial products company’s stock valued at $31,000 after buying an additional 49 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on KAI. Wall Street Zen raised Kadant from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. DA Davidson set a $303.00 target price on Kadant in a research report on Friday, February 20th. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 target price on shares of Kadant in a research report on Monday, May 4th. Weiss Ratings raised Kadant from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised Kadant from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $341.50.

Kadant Stock Up 1.9%

KAI stock opened at $309.40 on Thursday. Kadant Inc has a twelve month low of $244.87 and a twelve month high of $369.97. The company has a quick ratio of 1.53, a current ratio of 2.47 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $312.97 and its 200-day moving average is $306.79. The firm has a market capitalization of $3.65 billion, a PE ratio of 35.28 and a beta of 1.19.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.73. Kadant had a return on equity of 12.13% and a net margin of 9.45%.The company had revenue of $281.51 million for the quarter, compared to analyst estimates of $274.95 million. During the same quarter last year, the company earned $2.10 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Kadant has set its Q2 2026 guidance at 2.880-2.980 EPS and its FY 2026 guidance at 12.330-12.680 EPS. Sell-side analysts expect that Kadant Inc will post 12.5 EPS for the current fiscal year.

Kadant Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 15th were issued a $0.36 dividend. This is a boost from Kadant’s previous quarterly dividend of $0.34. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 15th. Kadant’s dividend payout ratio is 16.42%.

Kadant Profile

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.