Envestnet Asset Management Inc. Has $13.10 Million Holdings in Kadant Inc. (NYSE:KAI)

Envestnet Asset Management Inc. grew its holdings in Kadant Inc. ( NYSE:KAI – Free Report ) by 7.

9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,970 shares of the industrial products company’s stock after purchasing an additional 2,767 shares during the period. Envestnet Asset Management Inc.



owned about 0.32% of Kadant worth $13,099,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in the stock.

Vanguard Group Inc. grew its position in Kadant by 25.0% during the fourth quarter.

Vanguard Group Inc. now owns 1,218,273 shares of the industrial products company’s stock valued at $420,292,000 after purchasing an additional 243,267 shares in the last quarter. C2P Capital Advisory Group LLC d.

b.a. Prosperity Capital Advisors acquired a new stake in shares of Kadant during the 4th quarter valued at $193,595,000.

Norges Bank purchased a new position in shares of Kadant during the 4th quarter valued at $46,529,000. Charles Schwab Investment Management Inc. increased its stake in shares of Kadant by 0.

4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 121,686 shares of the industrial products company’s stock worth $41,980,000 after acquiring an additional 445 shares during the last quarter.

Finally, Raymond James Financial Inc. purchased a new stake in shares of Kadant during the fourth quarter worth $39,400,000. 96.

13% of the stock is owned by hedge funds and other institutional investors. Kadant Price Performance Shares of KAI opened at $309.14 on Thursday.

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 has a market cap of $3.64 billion, a PE ratio of 32.

61 and a beta of 1.24. Kadant Inc.

has a twelve month low of $249.51 and a twelve month high of $429.95.

The firm’s 50 day moving average price is $350.03 and its 200 day moving average price is $358.49.

Kadant Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 9th will be given a $0.34 dividend.

The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.

44%. This is a boost from Kadant’s previous quarterly dividend of $0.32.

Kadant’s payout ratio is currently 14.35%. Wall Street Analysts Forecast Growth Separately, Barrington Research restated an “outperform” rating and issued a $410.

00 target price on shares of Kadant in a research note on Friday, February 14th. Check Out Our Latest Research Report on Kadant Kadant Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Kadant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant and related companies with MarketBeat.com's FREE daily email newsletter .

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