Northern Trust Corp Acquires 44,588 Shares of Cadre Holdings, Inc. $CDRE

Northern Trust Corp grew its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 344,693 shares of the company’s stock after acquiring an additional 44,588 shares during the period. Northern Trust Corp’s holdings in Cadre were worth $10,206,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its position in Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company’s stock worth $125,000 after acquiring an additional 1,155 shares during the period. Rafferty Asset Management LLC raised its position in Cadre by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 6,653 shares of the company’s stock worth $215,000 after acquiring an additional 299 shares during the period. XTX Topco Ltd purchased a new stake in shares of Cadre in the first quarter worth $209,000. ProShare Advisors LLC purchased a new stake in shares of Cadre in the fourth quarter worth $237,000. Finally, Arizona State Retirement System increased its stake in shares of Cadre by 6.4% in the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock worth $241,000 after purchasing an additional 492 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $33.01, for a total transaction of $1,650,500.00. Following the completion of the transaction, the chief executive officer owned 10,241,192 shares in the company, valued at $338,061,747.92. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 125,000 shares of company stock worth $4,167,500 in the last three months. 31.50% of the stock is owned by company insiders.

Cadre Price Performance

Shares of NYSE:CDRE opened at $31.96 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59. The firm has a fifty day moving average price of $31.59 and a 200 day moving average price of $32.13. Cadre Holdings, Inc. has a fifty-two week low of $27.07 and a fifty-two week high of $40.28. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 33.99, a P/E/G ratio of 1.17 and a beta of 1.30.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The firm had revenue of $157.11 million during the quarter, compared to analyst estimates of $153.23 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. Cadre’s revenue for the quarter was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Cadre Holdings, Inc. will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.095 per share. The ex-dividend date was Friday, August 1st. This represents a $0.38 annualized dividend and a yield of 1.2%. Cadre’s dividend payout ratio (DPR) is 40.43%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CDRE shares. Bank of America cut shares of Cadre from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Wall Street Zen cut shares of Cadre from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cadre currently has an average rating of “Hold” and a consensus target price of $31.50.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.