Segall Bryant & Hamill LLC Acquires 1,136 Shares of Kadant Inc. (NYSE:KAI)

Segall Bryant & Hamill LLC grew its holdings in Kadant Inc. (NYSE:KAI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 about 0.29% of Kadant worth $11,829,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of Kadant during the 4th quarter valued at about $26,000. Icon Wealth Advisors LLC bought a new position in Kadant in the third quarter valued at about $28,000. Westside Investment Management Inc. acquired a new stake in shares of Kadant during the 3rd quarter worth approximately $31,000. Jones Financial Companies Lllp lifted its stake in shares of Kadant by 267.9% in the 4th 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 during the period. Finally, Washington Trust Advisors Inc. bought a new position in Kadant during the fourth quarter worth about $85,000. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Kadant Stock Performance

KAI stock traded down $14.48 during mid-day trading on Friday, hitting $336.72. 152,791 shares of the company were exchanged, compared to its average volume of 101,788. The stock has a market capitalization of $3.97 billion, a PE ratio of 35.52 and a beta of 1.25. The business has a 50 day simple moving average of $366.61 and a 200-day simple moving average of $360.44. 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 1-year low of $249.51 and a 1-year high of $429.95.

Kadant (NYSE:KAI - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.17. Kadant had a return on equity of 14.66% and a net margin of 10.59%. On average, equities analysts forecast that Kadant Inc. will post 9.97 earnings per share for the current year.

Kadant Increases Dividend

The company 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 dividend of $0.34 per share. The ex-dividend date is Wednesday, April 9th. This represents a $1.36 dividend on an annualized basis and a yield of 0.40%. This is a positive change from Kadant's previous quarterly dividend of $0.32. Kadant's payout ratio is currently 14.35%.

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.