On September 16, 2024, Jeffrey Powell, President & Chief Executive Officer of Kadant Inc (KAI, Financial), sold 10,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 48,667 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 in the management of fluids in industrial processes.
Over the past year, the insider has sold a total of 10,000 shares and has not purchased any shares. This recent transaction is part of a broader trend observed at Kadant Inc, where there have been 14 insider sells and no insider buys over the past year.
On the day of the sale, shares of Kadant Inc were trading at $322.35. This pricing gives the company a market cap of approximately $3.92 billion. The price-earnings ratio of Kadant Inc stands at 34.33, which is above both the industry median of 21.33 and the company's historical median.
According to the GF Value, the intrinsic value of Kadant Inc is estimated at $247.80 per share, making the current price-to-GF-Value ratio 1.3. This suggests that the stock is significantly overvalued in the market.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking ownership changes and evaluating the current valuation levels of Kadant Inc in relation to its financial performance and market position.
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.
