On September 26, 2024, Thomas Leonard, Director at Kadant Inc (KAI, Financial), executed a sale of 2,000 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 4,250 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 and technologies help to enhance the efficiency and productivity of its customers' operations.
Over the past year, Thomas Leonard has sold a total of 8,291 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed at Kadant Inc, where there have been 12 insider sells and no insider buys over the past year.
Shares of Kadant Inc were priced at $337.4 on the day of the sale. The company currently holds a market cap of approximately $3.97 billion. The price-earnings ratio of Kadant Inc stands at 34.77, which is above both the industry median of 23.53 and the company's historical median.
The stock is considered Significantly Overvalued according to the GuruFocus Value, with a price-to-GF-Value ratio of 1.36. The GF Value of $248.58 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics.
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.
