Kadant Inc. (NYSE:KAI) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lessened its stake in Kadant Inc. (NYSE:KAI) by 18.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,113 shares of the industrial products company’s stock after selling 3,186 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.12% of Kadant worth $4,869,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kadant by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 121,241 shares of the industrial products company’s stock valued at $40,979,000 after acquiring an additional 2,141 shares in the last quarter. Citigroup Inc. boosted its stake in Kadant by 223.1% during the 3rd quarter. Citigroup Inc. now owns 14,893 shares of the industrial products company’s stock valued at $5,034,000 after purchasing an additional 10,283 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Kadant during the 3rd quarter valued at $538,000. FMR LLC raised its stake in shares of Kadant by 1.1% in the 3rd quarter. FMR LLC now owns 144,344 shares of the industrial products company’s stock worth $48,788,000 after buying an additional 1,629 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in Kadant by 8.0% during the third quarter. Townsquare Capital LLC now owns 941 shares of the industrial products company’s stock valued at $318,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Kadant Price Performance

KAI stock opened at $337.42 on Tuesday. The firm has a 50-day moving average of $366.01 and a two-hundred day moving average of $360.60. The firm has a market capitalization of $3.97 billion, a PE ratio of 35.59 and a beta of 1.25. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. Kadant Inc. has a one year low of $249.51 and a one year high of $429.95.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share 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%. On average, analysts forecast that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This is a positive change from Kadant’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 0.40%. Kadant’s dividend payout ratio (DPR) is presently 14.35%.

Analyst Ratings Changes

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

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.