2 weeks Ago By ABMN Staff
Hsbc Holdings PLC grew its position in shares of Kadant Inc. ( NYSE:KAI – Free Report ) by 133.3% in the second quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 3,066 shares of the industrial products company’s stock after buying an additional 1,752 shares during the quarter. Hsbc Holdings PLC’s holdings in Kadant were worth $902,000 as of its most recent filing with the SEC. A number of other large investors also recently bought and sold shares of the company.
Vanguard Group Inc. increased its stake in shares of Kadant by 46.3% during the first quarter.
Vanguard Group Inc. now owns 967,638 shares of the industrial products company’s stock worth $317,482,000 after acquiring an additional 306,352 shares during the period. Capital World Investors acquired a new position in Kadant during the 1st quarter worth approximately $92,993,000.
F M Investments LLC purchased a new position in shares of Kadant during the 2nd quarter worth approximately $13,495,000. Stifel Financial Corp lifted its holdings in shares of Kadant by 2,082.5% in the 4th quarter.
Stifel Financial Corp now owns 40,355 shares of the industrial products company’s stock valued at $11,312,000 after buying an additional 38,506 shares during the period. Finally, Norges Bank acquired a new stake in shares of Kadant in the 4th quarter valued at approximately $6,917,000. Hedge funds and other institutional investors own 96.
13% of the company’s stock. Kadant Stock Performance KAI opened at $335.08 on Friday.
The stock’s 50 day simple moving average is $320.42 and its 200 day simple moving average is $303.62.
The stock has a market cap of $3.93 billion, a P/E ratio of 34.90 and a beta of 1.
21. Kadant Inc. has a 1-year low of $214.
21 and a 1-year high of $363.40. The company has a debt-to-equity ratio of 0.
42, a current ratio of 2.25 and a quick ratio of 1.40.
Kadant Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be issued a $0.32 dividend.
This represents a $1.28 annualized dividend and a dividend yield of 0.38%.
The ex-dividend date of this dividend is Thursday, October 10th. Kadant’s dividend payout ratio (DPR) is presently 13.33%.
Wall Street Analyst Weigh In A number of research analysts recently weighed in on the company. DA Davidson upped their price objective on Kadant from $290.00 to $300.
00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Barrington Research reiterated an “outperform” rating and issued a $360.00 price target on shares of Kadant in a report on Friday, September 20th.
View Our Latest Report on KAI About Kadant ( 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.
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