Grantham Mayo Van Otterloo & Co. LLC Buys 2,216 Shares of Kadant Inc. (NYSE:KAI)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in Kadant Inc. (NYSE:KAI - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,018 shares of the industrial products company's stock after buying an additional 2,216 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.46% of Kadant worth $18,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hilltop National Bank bought a new stake in shares of Kadant in the 4th quarter valued at about $26,000. Westside Investment Management Inc. bought a new stake in Kadant in the third quarter valued at approximately $31,000. Jones Financial Companies Lllp increased its stake in Kadant by 267.9% in the fourth quarter. Jones Financial Companies Lllp now owns 103 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Kadant during the fourth quarter worth $85,000. Finally, Avanza Fonder AB bought a new position in shares of Kadant during the fourth quarter worth $160,000. Institutional investors own 96.13% of the company's stock.

Kadant Stock Up 0.4 %

NYSE KAI traded up $1.15 during trading hours on Friday, reaching $313.25. 32,203 shares of the company's stock were exchanged, compared to its average volume of 104,291. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. Kadant Inc. has a one year low of $249.51 and a one year high of $429.95. The company's 50-day moving average is $354.19 and its two-hundred day moving average is $359.16. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 32.95 and a beta of 1.24.

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Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping analysts' consensus estimates 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 EPS for the current fiscal year.

Kadant Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 9th will be paid 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 yield of 0.43%. The ex-dividend date of this dividend is Wednesday, April 9th. Kadant's payout ratio is presently 14.35%.

Analyst Upgrades and Downgrades

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

Kadant Company 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.