According to PriceTargets.com, analysts from Barrington Research reaffirmed their “outperform” recommendation for Kadant’s (NYSE: KAI) shares in a research report published on Wednesday. Deposit $100 and get a $110 to trade stocks
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The most recent date on which Kadant (NYSE: KAI) disclosed its financial results to the general public was Tuesday, August 2. The earnings per share that the industrial goods business reported for the quarter came in at $2.24, which was $0.27 higher than the consensus estimate of $1.97. The revenue for the quarter came in at $221.65 million, which is significantly higher than the consensus expectation of $219.37 million, which was set by the previous quarter. Both the return on equity and the net margin for the company came in at 17.77% for Kadant, and 12.92%, respectively. According to projections made by equity market analysts, Kadant will bring in 8.98 cents per share in profits for the current fiscal year.
On September 19, Director John M. Albertine made a transaction that resulted in the sale of 1,200 shares of Kadant stock. This information was included in a separate piece of news. Because the stock was acquired at an average price of $170.00 per share, the total value of the sold shares was $204,000.00. Following the completion of the transaction, the director will have a direct ownership stake in 6,813 shares of the company’s stock, which will have a value of approximately $1,158,210 at the time of this writing. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location. On September 19, it was reported that Director John M. Albertine sold 1,200 shares of Kadant stock. This information was found in the news article that was linked. Because the stock was acquired at an average price of $170.00 per share, the total value of the sold shares was $204,000.00.
Following the completion of the transaction, the director will have a direct ownership stake in the company equal to 6,813 shares, the value of which will be approximately $1,158,210 at the time of the transaction. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. On September 15, William P. Tully, a company director, sold 505 shares of the company’s stock. This transaction took place on Thursday. A total of $86,536.80 worth of stock changed hands, and it was purchased and sold at an average price of $171.36 per share. Following the successful conclusion of the transaction, the director is now the direct owner of 3,346 shares of the company’s stock. The total value of these shares is $573,370.56. Disclosures that are related to the sale might be found in this section of the website. During the most recent accounting period, company insiders sold 1,957 company stock for a total transaction value of $333,301. This was done during the most recent fiscal period. Currently, 1.60 percent of the company’s stock is held by insiders.

When trading on Wednesday began, the price of KAI had been set at $157.98. The current value of the company on the market, known as its market capitalization, is $1.84 billion. It carries a price-to-earnings ratio of 16.47, a beta value of 1.18, and a price-to-growth ratio of 2.32. Over the last 50 and 200 trading days, the stock price has remained relatively stable between the range of $182.85 and $186.08. The ratio of the current too quick ratio is 1.12, while the ratio of the current too quick ratio is 1.85. The ratio of debt to equity is 0.37. The current price of Kadant is at a one-year high of $240.47, while the current price of Kadant at its one-year low is $155.24.

Recently, several hedge funds and institutional investors have increased the amount of KAI stock they own in their portfolios or decreased the amount of KAI stock they own in their portfolios. During the last three months of 2018, Barclays PLC increased 83.6% in the percentage of ownership it holds in Kadant. Barclays PLC now has a total of 14,008 shares of the stock of the industrial goods company following the purchase of an additional 6,379 shares during the period. Each share of the company’s stock has an estimated market value of $3,228,000. During the first quarter, Yarbrough Capital LLC increased the percentage of Kadant that it holds by 20.8% from the previous quarter’s level. To bring its total number of shares in the industrial goods company up to 2,032, Yarbrough Capital LLC has just recently acquired 350 additional shares, bringing the total value of its shares in the industrial goods company up to $395,000. During the first three months of the year, Riverbridge Partners LLC gained a 10.2% stake in Kadant, bringing its total ownership to 100%. Riverbridge Partners LLC now holds 259,368 shares of the industrial products company’s stock, which is currently valued at $50,367,000 after making an additional 23,906 share purchase. These shares were purchased during the period. As a result, the value of Strs Ohio’s holdings in Kadant increased by a whopping 266.7% during the first three months of the year. Eight hundred fifty-four thousand dollars is the current value of Strs Ohio’s stock holdings in the company that manufactures industrial products. They are comprised of 4,400 separate shares in total. This comes as a result of the purchase of an additional 3,200 shares during the relevant period. Hedge funds and other institutional investors hold a combined total of 96.40 percent of the company’s shares. Kadant made a deaIn addition, l with the New York State Teachers’ Retirement System to sell a newly created position at the end of the first quarter for approximately $194,000.

Kadant Inc. is widely regarded as the industry’s preeminent provider of technology and engineered systems worldwide. Material Handling, Industrial Processing, and Flow Control are the three distinct business divisions that comprise the company. Flow Control is a company that designs, manufactures, and sells a variety of fluid-handling devices and engineered steam and condensate systems. Flow Control designs, manufactures, and sells some products, including rotary joints, siphons, turbulator bars, expansion joints, and more. The company also sells products like doctor systems and holders, doctor blades, shower and fabric conditioning, formation, and water-filtering devices.

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