John Bean Technologies Corporation (NYSE:JBT) Director Caroline Maury Devine sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $88.16, for a total transaction of $176,320.00. Following the completion of the sale, the director now owns 48,592 shares in the company, valued at approximately $4,283,870.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Bean Technologies Corporation (NYSE:JBT) traded down 0.17% during mid-day trading on Friday, hitting $87.20. 62,515 shares of the stock were exchanged. John Bean Technologies Corporation has a 52-week low of $64.28 and a 52-week high of $99.20. The stock’s 50 day moving average is $91.13 and its 200 day moving average is $89.15. The stock has a market cap of $2.76 billion, a PE ratio of 33.77 and a beta of 1.32.

John Bean Technologies Corporation (NYSE:JBT) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. John Bean Technologies Corporation had a return on equity of 29.18% and a net margin of 5.32%. The business had revenue of $386.10 million during the quarter, compared to analyst estimates of $381.49 million. During the same quarter last year, the company posted $0.67 EPS. John Bean Technologies Corporation’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts forecast that John Bean Technologies Corporation will post $3.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a $0.10 dividend. This is a positive change from John Bean Technologies Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. John Bean Technologies Corporation’s dividend payout ratio (DPR) is 15.44%.

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Several analysts have recently commented on JBT shares. BidaskClub upgraded shares of John Bean Technologies Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of John Bean Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Bank of America Corp assumed coverage on shares of John Bean Technologies Corporation in a report on Thursday, May 18th. They issued a “neutral” rating and a $89.00 price target on the stock. J P Morgan Chase & Co assumed coverage on shares of John Bean Technologies Corporation in a report on Friday, June 2nd. They issued a “neutral” rating and a $88.00 price target on the stock. Finally, Robert W. Baird set a $101.00 price target on shares of John Bean Technologies Corporation and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. John Bean Technologies Corporation has an average rating of “Hold” and a consensus target price of $99.86.

Large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in John Bean Technologies Corporation by 1.8% in the first quarter. Bank of Montreal Can now owns 10,309 shares of the industrial products company’s stock valued at $907,000 after buying an additional 187 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of John Bean Technologies Corporation by 9.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the industrial products company’s stock valued at $1,126,000 after buying an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue raised its stake in John Bean Technologies Corporation by 10.1% in the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the industrial products company’s stock worth $306,000 after buying an additional 320 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in John Bean Technologies Corporation by 4.0% in the first quarter. Glen Harbor Capital Management LLC now owns 1,144 shares of the industrial products company’s stock worth $101,000 after buying an additional 44 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in John Bean Technologies Corporation by 4.4% in the first quarter. First Mercantile Trust Co. now owns 5,340 shares of the industrial products company’s stock worth $470,000 after buying an additional 225 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

About John Bean Technologies Corporation

John Bean Technologies Corporation (JBT) is a technology solutions provider to the segments of the food and beverage industry with focus on proteins, liquid foods and automated system solutions. It operates through two segments: JBT FoodTech and JBT AeroTech. The JBT FoodTech segment designs, manufactures and services technologically food processing systems used for fruit juice production, frozen food production, in-container food production, automated systems and convenience food preparation by the food industry.

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