On September 16, 2024, Thomas Leonard, Director at Kadant Inc (KAI, Financial), executed a sale of 5,133 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now directly owns 6,250 shares of Kadant Inc.
Kadant Inc is a global supplier of critical components and engineered systems used in process industries worldwide. The company's products include rotary joints, precision unions, and fluid handling systems that are essential for the efficient operation of equipment in the production of paper, corrugated packaging, and other processed materials.
Over the past year, Thomas Leonard has sold a total of 6,291 shares of Kadant Inc and has not made any purchases of the stock. The insider transaction history for Kadant Inc shows a total of 14 insider sells and no insider buys over the past year, indicating a trend of insider sales.
On the day of the sale, shares of Kadant Inc were priced at $321.29, valuing the company with a market cap of approximately $3.92 billion. The price-earnings ratio of the company stands at 34.33, which is above both the industry median of 21.33 and the historical median for the company.
According to the GF Value, an intrinsic value estimate calculated by GuruFocus, Kadant Inc is currently significantly overvalued. The GF Value of $247.80 suggests a price-to-GF-Value ratio of 1.3, indicating that the stock's current price is higher than its estimated fair value.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
