Curi RMB Capital LLC Has $26.25 Million Stake in Kadant Inc. (NYSE:KAI)

Curi RMB Capital LLC trimmed its stake in shares of Kadant Inc. (NYSE:KAI - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,094 shares of the industrial products company's stock after selling 1,458 shares during the period. Curi RMB Capital LLC owned about 0.65% of Kadant worth $26,252,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Epoch Investment Partners Inc. purchased a new position in Kadant during the 4th quarter worth approximately $318,000. XTX Topco Ltd purchased a new stake in Kadant in the 4th quarter worth approximately $819,000. Barclays PLC grew its holdings in shares of Kadant by 12.4% during the 4th quarter. Barclays PLC now owns 22,253 shares of the industrial products company's stock valued at $7,677,000 after acquiring an additional 2,459 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Kadant by 5.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,226 shares of the industrial products company's stock worth $423,000 after acquiring an additional 59 shares during the last quarter. Finally, Synovus Financial Corp boosted its position in Kadant by 1.7% during the fourth quarter. Synovus Financial Corp now owns 1,761 shares of the industrial products company's stock valued at $608,000 after purchasing an additional 29 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and set a $410.00 price objective on shares of Kadant in a research report on Friday, February 14th.

Kadant Price Performance

Shares of KAI stock traded up $10.02 during trading hours on Thursday, hitting $313.51. The company had a trading volume of 41,624 shares, compared to its average volume of 164,987. Kadant Inc. has a 12 month low of $249.51 and a 12 month high of $429.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. The firm's fifty day moving average is $343.20 and its 200 day moving average is $357.46. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 33.07 and a beta of 1.24.

Kadant (NYSE:KAI - Get Free Report) last announced its 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 return on equity of 14.66% and a net margin of 10.59%. On average, sell-side analysts predict that Kadant Inc. will post 9.97 EPS for the current fiscal year.

Kadant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 9th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. This is a boost from Kadant's previous quarterly dividend of $0.32. Kadant's payout ratio is 14.35%.

About Kadant

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.